This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 8 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 8 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which company is MOST LIKELY to adopt a product-based global structure? A) A consultancy firm. B) A global car manufacturer. C) A local grocery chain. D) A logistics SME. Show Answer Correct Answer: B) A global car manufacturer. 2. European Union (EU) A) An alliance that promotes open trade and economic and technical cooperation among member nations throughout asia. B) Strongly held concepts that are present in a culture. Values are connected to powerful emotions. C) A free trade zone encompassing 27 European countries. D) None of the above. Show Answer Correct Answer: C) A free trade zone encompassing 27 European countries. 3. How does comparative advantage influence international trade? A) Comparative advantage leads to specialization and trade, allowing countries to benefit from lower opportunity costs and increased efficiency. B) It encourages countries to produce everything they need domestically. C) Comparative advantage reduces the need for trade between countries. D) Comparative advantage has no impact on a country's economic growth. Show Answer Correct Answer: A) Comparative advantage leads to specialization and trade, allowing countries to benefit from lower opportunity costs and increased efficiency. 4. What is one reason why people all over the world buy the same products? A) Because all products are free. B) Because people have the same tastes and preferences. C) Because companies sell only in their own country. D) Because no one uses technology. Show Answer Correct Answer: B) Because people have the same tastes and preferences. 5. How can imports affect a country's exchange rates? A) They have no effect on exchange rates. B) They always strengthen the domestic currency. C) They can increase demand for foreign currencies. D) They always weaken foreign currencies. Show Answer Correct Answer: C) They can increase demand for foreign currencies. 6. The ..... Declaration of human rights is the common standard of achievement for all peoples and all nations. A) International. B) Global. C) Universal. D) National. Show Answer Correct Answer: C) Universal. 7. The term "consignment" has different meanings in different regions. In Asian business contexts, it often refers to ..... ? A) Goods sent for sale with payment after sale. B) Inventory management and storage. C) International shipping documentation. D) Commission-based sales agreements. Show Answer Correct Answer: B) Inventory management and storage. 8. To lower labour costs A) Benefits. B) Limitations. C) All the above. D) None of the above. Show Answer Correct Answer: A) Benefits. 9. International business refers to exchange of A) Knowledge. B) Skills. C) Resources. D) All the above. Show Answer Correct Answer: D) All the above. 10. Which cultural element is most likely to vary significantly between China and the United States? A) Aesthetics. B) Language. C) Religion. D) Social Organization. Show Answer Correct Answer: D) Social Organization. 11. The first phase of globalization started around 1870 and ended with ..... A) World War I. B) World War II. C) The Establishment of GATT. D) In 1913 when GDP was High. Show Answer Correct Answer: A) World War I. 12. When the value of import is greater than the value of export, it is called ..... A) Trade deficit. B) Trade surplus. C) All the above. D) None of the above. Show Answer Correct Answer: A) Trade deficit. 13. Which element of culture includes the traditional practices, etiquette, and everyday behaviours that are considered appropriate in each society? A) Manners and Customs. B) Aesthetics. C) Social Organization. D) Material Culture. Show Answer Correct Answer: A) Manners and Customs. 14. Which of the following is NOT a form of regional economic integration? A) Economic Union. B) Customs Union. C) Common Market. D) Singular Market. Show Answer Correct Answer: D) Singular Market. 15. Currently, Mexico is ranked ..... in terms of auto exports A) 5. B) 1. C) 4. D) 3. Show Answer Correct Answer: C) 4. 16. A potential drawback of MNCs for the Host Country is 'Crowding Out.' This refers to: A) MNCs employing too many people. B) MNCs taking up too much physical land. C) Local small businesses failing because they cannot compete with the MNC. D) The government running out of tax revenue. Show Answer Correct Answer: C) Local small businesses failing because they cannot compete with the MNC. 17. The item imported the most from Malaysia in 2014 was ..... A) Computers. B) Petroleum. C) Furniture. D) TV's. Show Answer Correct Answer: B) Petroleum. 18. Which of the following is an example of globalization of production? A) Canadian consumers who import food products from Australia. B) A German company which sells car components to British car makers. C) A U.S. company that builds a computer hardware manufacturing facility in India. D) A Swiss watch manufacturer that builds a manufacturing facility in Switzerland. Show Answer Correct Answer: C) A U.S. company that builds a computer hardware manufacturing facility in India. 19. To have import greater than export A) Trade deficit. B) Trade proficite. C) All the above. D) None of the above. Show Answer Correct Answer: A) Trade deficit. 20. How many steps are there in the process of global strategic planning? A) 5. B) 6. C) 7. D) 8. Show Answer Correct Answer: C) 7. 21. Political system in which individuals govern without the support of the people, tightly control people's lives, and do not tolerate opposing viewpoints is a ..... system A) Anarchist. B) Unjust. C) Democratic. D) Totalitarian. Show Answer Correct Answer: D) Totalitarian. 22. Goods transported in bulk by truck, train, ship, or aircraft. A) Transit. B) Freight. C) Cargo. D) Haulage. Show Answer Correct Answer: B) Freight. 23. Which is the most important document used at customs A) Proforma invoice. B) Certificate of origin. C) Commercial invoice. D) None of the above. Show Answer Correct Answer: C) Commercial invoice. 24. How do tariffs and trade barriers affect international marketing strategies? A) International marketing strategies remain unchanged regardless of tariffs. B) Tariffs and trade barriers necessitate adjustments in pricing, distribution, and promotional strategies in international marketing. C) Trade barriers have no impact on pricing strategies. D) Tariffs only affect domestic marketing strategies. Show Answer Correct Answer: B) Tariffs and trade barriers necessitate adjustments in pricing, distribution, and promotional strategies in international marketing. 25. In PESTEL analysis, 'Inflation Rates' and 'Exchange Rates' fall under which category? A) Political. B) Economic. C) Social. D) Technological. Show Answer Correct Answer: B) Economic. ← 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 9Class 11 Business Studies Chapter 10 International Business Quiz 10Class 11 Business Studies Chapter 10 International Business Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books