This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 77 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 77 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. ..... means the reduction of official rate at which the currency is exchanged for another currency. A) Inflation. B) Deflation. C) Devaluation. D) Exchanged control. Show Answer Correct Answer: C) Devaluation. 2. Product life cycle theory was introduced by A) Michael Porter. B) David Ricardo. C) Adam Smith. D) Raymond Vernon. Show Answer Correct Answer: D) Raymond Vernon. 3. Which global market entry strategy involves partnering with a local company? A) Franchising. B) Exporting. C) Licensing. D) Joint venture. Show Answer Correct Answer: D) Joint venture. 4. If a nation has an open economy it means that the nation: A) Allows private ownership of capital. B) Has flexible exchange rates. C) Has fixed exchange rates. D) Conducts trade with other countries. Show Answer Correct Answer: D) Conducts trade with other countries. 5. Why might agricultural subsidies in developed countries be controversial in the context of WTO negotiations? A) They inhibit exports from developing countries. B) They increase climate change risks. C) They promote digital economy growth. D) They encourage state ownership. Show Answer Correct Answer: A) They inhibit exports from developing countries. 6. In the context of strategic alliances, what does the "hold-up-problem most accurately describe? A) Failure to register the alliance with competition authorities. B) A partner exploits relationship-specific investments by renegotiating terms or refusing cooperation. C) Misalignment of corporate cultures that delays decision making. D) Currency controls that prevent repatriation of profits. Show Answer Correct Answer: B) A partner exploits relationship-specific investments by renegotiating terms or refusing cooperation. 7. Apa saja pilihan arsitektur organisasi yang dapat dibuat dalam bisnis internasional? A) Terpusat, terdesentralisasi, dan aliansi strategis. B) Hierarkis, fungsional, dan matriks. C) Otonom, kolaboratif, dan virtual. D) Tradisional, modern, dan eksperimental. Show Answer Correct Answer: A) Terpusat, terdesentralisasi, dan aliansi strategis. 8. When an MNC builds a new factory in a foreign country, this financial flow is known as: A) Portfolio Investment. B) Foreign Direct Investment (FDI). C) Official Development Assistance. D) Remittance. Show Answer Correct Answer: B) Foreign Direct Investment (FDI). 9. What factors influence foreign exchange rates? A) Weather patterns. B) Interest rates, inflation rates, political stability, economic performance, market speculation, and supply and demand. C) Cultural traditions. D) Historical events. Show Answer Correct Answer: B) Interest rates, inflation rates, political stability, economic performance, market speculation, and supply and demand. 10. A democracy is a political system in which all citizens take part in making the rules that govern them. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 11. In American business English, transported goods are commonly called "freight, " while in British English, the goods themselves are more often referred to as ..... ? A) Shipment. B) Cargo. C) Consignment. D) Merchandise. Show Answer Correct Answer: B) Cargo. 12. The exchange of capital, goods and services across international borders or territories A) Consumer. B) Domestic trade. C) International Trade. D) Subsidy. Show Answer Correct Answer: C) International Trade. 13. What are some of the reasons why companies form joint ventures? A) To share resources and expertise. B) To gain access to new markets. C) To reduce risks and costs. D) All of the above. Show Answer Correct Answer: D) All of the above. 14. In a functional structure, international subsidiaries have full independence in decision-making. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 15. Taxes on imports; also known as custom duties A) Tariff. B) Specific Tariff. C) Valorem Tariff. D) None of the above. Show Answer Correct Answer: A) Tariff. 16. In which type of economic system will productivity be highest! A) Planned. B) No answer. C) Mixed (Semi). D) Free-Market. Show Answer Correct Answer: D) Free-Market. 17. To gain in value. (For example, if you bought a house in 1998 for $ 100, 000 and sold it in 2011 for $ 120, 000) A) Culture. B) Appreciate. C) Depreciate. D) Trade. Show Answer Correct Answer: B) Appreciate. 18. Which of the following is a benefit of investing in education for economic development? A) It lowers the cost of labor. B) It makes the workforce more productive. C) It discourages technological advancements. D) It decreases the need for foreign investment. Show Answer Correct Answer: B) It makes the workforce more productive. 19. What is "Just in Time" ? A) A method of mass production. B) A technique to reduce production time. C) A strategy to reduce inventory by delivering items just when they are needed. D) A business model for technology companies. Show Answer Correct Answer: C) A strategy to reduce inventory by delivering items just when they are needed. 20. Gross National Product-any business that operates across international borders. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 21. IBRD head office is at A) Washington. B) Paris. C) Newyork. D) India. Show Answer Correct Answer: A) Washington. 22. What is the purpose of India's Foreign Trade Policy? A) Promote foreign media. B) Reduce exports. C) Promote exports and regulate imports. D) Ban luxury imports. Show Answer Correct Answer: C) Promote exports and regulate imports. 23. Ultimately ..... was replaced by the ..... on 1st jan 1995. A) GATS, WTO. B) WTO, GATT. C) GATT, WTO. D) IMF, GATT. Show Answer Correct Answer: C) GATT, WTO. 24. What is a focus group? A) A competitor analysis method. B) A market analysis tool. C) A small group interview. D) A type of survey. Show Answer Correct Answer: C) A small group interview. 25. Which company issues the Bill of Lading? A) Shipping Company. B) Airline Company. C) Both a and b. D) None of the above. Show Answer Correct Answer: A) Shipping Company. ← PreviousNext →Related QuizzesClass 11 Business Studies Chapter 10 International Business Quiz 1Class 11 Business Studies Chapter 10 International Business Quiz 2Class 11 Business Studies Chapter 10 International Business Quiz 3Class 11 Business Studies Chapter 10 International Business Quiz 4Class 11 Business Studies Chapter 10 International Business Quiz 5Class 11 Business Studies Chapter 10 International Business Quiz 6Class 11 Business Studies Chapter 10 International Business Quiz 7Class 11 Business Studies Chapter 10 International Business Quiz 8Class 11 Business Studies Chapter 10 International Business Quiz 9Class 11 Business Studies Chapter 10 International Business Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books