This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 79 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 79 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Why is it important to take a class in international business? A) To learn about domestic business. B) To become an exchange student in another country. C) To understand the differences in doing business across borders. D) To learn how to translate languages. Show Answer Correct Answer: C) To understand the differences in doing business across borders. 2. A major benefit of international business is: A) Decreased market reach. B) Higher local taxes. C) Access to global talent and resources. D) Cultural uniformity. Show Answer Correct Answer: C) Access to global talent and resources. 3. A manufacturing firm based in country C buys in raw materials from country A and sells the finished goods to country B. The firm could gain if country C's currency: A) Depreciated against both other currencies. B) Depreciated against currency A but appreciated against currency B. C) Appreciated against currency A but depreciated against currency B. D) Appreciated against both currencies. Show Answer Correct Answer: C) Appreciated against currency A but depreciated against currency B. 4. What is the major natural resource of the Middle East? A) Diamonds. B) Apples. C) Gold. D) Oil. Show Answer Correct Answer: D) Oil. 5. Which element of culture refers to the way individuals and groups are organized and the roles and relationships within a society? A) Social Organization. B) Material Culture. C) Religion. D) Language. Show Answer Correct Answer: A) Social Organization. 6. David Ricardo's theory of comparative advantage explains international trade in terms of international differences in political environments. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 7. Scenario:Maria is studying geography, and she learns about how different countries exchange goods and services with each other. She sees how products from all over the world are available in her local supermarket. Question:What concept is Maria learning about? A) Foreign Exchange. B) Trade Deficit. C) Import Tariffs. D) Global Trade. Show Answer Correct Answer: D) Global Trade. 8. USA and China are the two world largest economies because their actions always affect to global economic directly, is this statement true or false? A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 9. If the U.S. set a 12% tariff on imported automobiles, a Toyota that cost the equivalent of $ 13, 000 in Japan would be priced at: A) $ 15, 420 plus shipping in the U.S. B) $ 14, 200 plus shipping in the U.S. C) $ 16, 280 plus shipping in the U.S. D) $ 14, 560 plus shipping in the U.S. Show Answer Correct Answer: D) $ 14, 560 plus shipping in the U.S. 10. When visiting another country for business, you may need a(n) ..... to help you communicate in the other language A) Translator. B) Sign-language interpreter. C) Local citizen. D) Wakeel. Show Answer Correct Answer: A) Translator. 11. The idea of establishing Aibus by 4 European governments is an example of A) Strategic trade theory. B) Product life cycle trade theory. C) All the above. D) None of the above. Show Answer Correct Answer: A) Strategic trade theory. 12. Which of the following best describes international marketing? A) Marketing strategies applied only within a single country. B) Global marketing strategies and tactics used to reach international customers. C) Marketing practices that are exclusively digital. D) Domestic marketing strategies applied to international markets. Show Answer Correct Answer: B) Global marketing strategies and tactics used to reach international customers. 13. Which of the following is a criticism of the Kyoto Protocol and the Paris Agreement? A) They are widely criticized for lacking tangible commitments. B) They provide loans for infrastructure projects. C) They promote business process outsourcing. D) They reduce tariffs on manufactured goods. Show Answer Correct Answer: A) They are widely criticized for lacking tangible commitments. 14. What key factor is transforming global markets? A) Local trade practices. B) Digital integration and emerging technologies. C) Traditional manufacturing methods. D) None of the above. Show Answer Correct Answer: B) Digital integration and emerging technologies. 15. Is the following an advantage or a disadvantage of international business locations?"Communication problems" A) Advantage. B) Disadvantage. C) All the above. D) None of the above. Show Answer Correct Answer: B) Disadvantage. 16. Manfaat pasar modal terhadap peminjam adalah bahwa mereka memberikan kesempatan suplai uang yang lebih luas dan mengurangi ..... A) Biaya Modal (Cost of Capital). B) Biaya Pinjaman (Cost of Debt). C) Biaya Kesempatan (Opportunity Cost). D) Biaya Operasional (Operational Cost). Show Answer Correct Answer: A) Biaya Modal (Cost of Capital). 17. Mercantilism evolved in Europe A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 18. Pressure of cost reduction required ..... ? A) The firm to change the design of their product. B) The firm to higher unit cost. C) The firm to lower unit cost. D) The customer to pay less for the price. Show Answer Correct Answer: C) The firm to lower unit cost. 19. Nations engage in international trade because most countries do not have the factors of production needed to produce all the goods and services needed by their population. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 20. Globalization is driven only by technology and innovation. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 21. Free trade is the ability for countries to trade with one another with restrictions. A) False. B) True. C) All the above. D) None of the above. Show Answer Correct Answer: A) False. 22. Which of these is an advantage of economic protectionism? A) Increase importation. B) Improve international relationships. C) Protect national market. D) Diversify production. Show Answer Correct Answer: C) Protect national market. 23. The 4 Ps pf Marketing are the uncontrollable factors in International Marketing A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 24. A strategic business model that involves promoting products and services in various markets around the world and adapting the product/service to the cultural norms, taste preferences, and religious customs of the various markets. A) Multi-National Strategy. B) Multi-Domestic Strategy. C) Comparative Advantage. D) Uni-Lateral Strategy. Show Answer Correct Answer: B) Multi-Domestic Strategy. 25. Items we sell to other countries A) Importing. B) Exporting. C) Foreign Exchange Market. D) Exchange Rate. Show Answer Correct Answer: B) Exporting. ← 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