This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 78 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 78 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. As of January 2015, this country was the last (19th) country to adopt the Euro as its currency. A) Lithuania. B) Italy. C) France. D) None of the above. Show Answer Correct Answer: A) Lithuania. 2. ..... refers to a world economy with movement of products and labor across international borders. A) International business. B) Global economy. C) Domestic business. D) None of the above. Show Answer Correct Answer: B) Global economy. 3. What is one way open trade can benefit consumers? A) Open trade allows consumers access to a wide range of products at competitive prices, enhancing their purchasing power and providing diverse choices. B) Open trade restricts the variety of products available to consumers. C) Open trade increases the prices of goods for consumers. D) Open trade limits consumers to only locally produced goods. Show Answer Correct Answer: A) Open trade allows consumers access to a wide range of products at competitive prices, enhancing their purchasing power and providing diverse choices. 4. When capital and labour are moved internationally, it will help in developing ..... A) More gains from income. B) More gains from trade. C) Capital gain. D) Economic gain. Show Answer Correct Answer: A) More gains from income. 5. What does GWP stand for? A) Gross World Production. B) Gross Work Productivity. C) Gross World Product. D) Gross Wage Process. Show Answer Correct Answer: C) Gross World Product. 6. A global supply chain involves: A) Distributing goods only within one country. B) Managing the flow of goods across multiple countries. C) Hiring local employees for domestic sales. D) Limiting production to one location. Show Answer Correct Answer: B) Managing the flow of goods across multiple countries. 7. The speaker claims that Germans have a structured and planned approach to project management. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 8. What is the main goal of a stability strategy? A) To expand market share. B) To guard against change. C) To increase profits. D) To reduce costs. Show Answer Correct Answer: B) To guard against change. 9. 1) The widening set of interdependent relationships among people from different parts of the world is known as ..... A) Globalization. B) Offshoring. C) Franchising. D) Outsourcing. Show Answer Correct Answer: A) Globalization. 10. Which of the following is a common criticism of globalization? A) It can widen the gap between rich and poor countries. B) It improves local employment stability. C) It increases global cooperation. D) It promotes cultural diversity. Show Answer Correct Answer: A) It can widen the gap between rich and poor countries. 11. What are the key components of a global supply chain? A) Suppliers, manufacturers, distributors, retailers, and customers. B) Manufacturers, distributors, wholesalers, and customers. C) Suppliers, producers, wholesalers, and retailers. D) Producers, wholesalers, transporters, and consumers. Show Answer Correct Answer: A) Suppliers, manufacturers, distributors, retailers, and customers. 12. No nation is either completely individualist or completely collectivist in its cultural orientation A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 13. Which type of business seeks to derive significant competitive advantage from the use of resources and the sale of outputs in multiple countries from inception? A) Born globals. B) Domestic firms. C) Local retailers. D) Family-owned businesses. Show Answer Correct Answer: A) Born globals. 14. How many commodity boards are working at present in India? A) 5. B) 6. C) 7. D) 8. Show Answer Correct Answer: C) 7. 15. Salah satu resiko dalam mencari modal di pasar internasional adalah situasi mata uang yang menggunakan sistem floating, karena apabila nilai mata uang lokal perusahaan anjlok, maka hutang akan melonjak drastis, seperti yang terjadi pada tahun 1997/1998 yang disebut ..... A) International Capital Crisis. B) European Financial Crisis. C) Asian Financial Crisis. D) Foreign Exchange Crisis. Show Answer Correct Answer: C) Asian Financial Crisis. 16. Which of the following is not a characteristic of international business? A) Deals with multiple currencies. B) Operates within one country's borders. C) Involves cultural diversity. D) Subject to international laws. Show Answer Correct Answer: B) Operates within one country's borders. 17. Apa yang dimaksud dengan voluntary export restraint (VER)? A) Kuota yang ditentukan oleh negara pengimpor. B) Kuota yang ditentukan oleh negara pengekspor. C) Tarif yang ditentukan oleh negara pengimpor. D) Subsidi yang diberikan oleh negara pengekspor. Show Answer Correct Answer: B) Kuota yang ditentukan oleh negara pengekspor. 18. A multinational enterprise in a host country needs to operate within the host country's economic, social, and legal constraints. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 19. The following factor does not differentiate international business from domestic business A) Different Currencies. B) Product Quality. C) Product Mobility. D) Trade Policies. Show Answer Correct Answer: B) Product Quality. 20. (a) is the belief that ownership of the means of production belongs in the hands of individuals and private businesses A) A. Capitalism. B) Communism. C) Socialism. D) None of the above. Show Answer Correct Answer: A) A. Capitalism. 21. Which of the following is NOT a member of Mercosur? A) Argentina. B) Brazil. C) Paraguay. D) Chile. Show Answer Correct Answer: D) Chile. 22. UNIT 2:ABOUT YOUR JOBDirection:Choose the best answer.'Ottawa' A) Name. B) Company. C) City. D) Position. Show Answer Correct Answer: C) City. 23. Resources available = 200 units for each countryProduction in GhanaCocoa = 10 tonsRice = 5 tonsProduction in South KoreaCocoa = 2.5 tonsRice = 10 tonsQuestion:After specialization, which country will import Cocoa? A) Ghana. B) South Korea. C) All the above. D) None of the above. Show Answer Correct Answer: B) South Korea. 24. The best starting point to improve ethical decision-making in a multinational firm is to better understand how individuals make decisions that can be considered ethical or unethical in an organizational environment. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 25. Which of the following is not the objectives of import trade? A) To meet consumer demand. B) To improve the standard of living. C) To speed up industrialisation. D) To earn foreign exchange. Show Answer Correct Answer: C) To speed up industrialisation. ← 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