This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 82 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 82 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What does the exporter need to do after agreeing on sales terms? A) Find new customers. B) Provide the products or services. C) Complete the transaction. D) Meet the needs of customers. Show Answer Correct Answer: B) Provide the products or services. 2. How does political stability in Canada affect foreign direct investment (FDI)? A) It discourages investment. B) It has no effect. C) It provides a favorable climate for investment. D) It complicates investment processes. Show Answer Correct Answer: C) It provides a favorable climate for investment. 3. What does voluntary exchange in a free market involve? A) Forced transactions. B) Exchange by a willing buyer and seller. C) Government-mandated trades. D) Barter system only. Show Answer Correct Answer: B) Exchange by a willing buyer and seller. 4. Which economic system allows private ownership but with significant government regulation? A) Command economy. B) Market economy. C) Mixed economy. D) Traditional economy. Show Answer Correct Answer: C) Mixed economy. 5. In the 5C analysis, analysis must be made of the products, positioning, marketing share, strengths and weaknesses of what? A) Competition. B) Customers. C) Collaborators. D) Context. Show Answer Correct Answer: A) Competition. 6. Whattaburger, Wendys, Sonic, KFC, Taco Bell and McDonalds are all examples of what? A) Licensing. B) Franchising. C) Joint Venture. D) Places to take your date on Prom night. Show Answer Correct Answer: B) Franchising. 7. *Employee development benefits your company-as well as the employees who are offered training or other unique team-building experiences.THIS IS ..... ? A) Health Options. B) Productivity over presence. C) Enrichment. D) None of the above. Show Answer Correct Answer: C) Enrichment. 8. Which macro-environmental factor most significantly affects market entry decisions? A) Cultural differences. B) Political and legal environment. C) Technological readiness. D) All of the above. Show Answer Correct Answer: D) All of the above. 9. Which statement best describes a tariff in international trade? A) A tax on goods crossing borders. B) A subsidy for domestic exporters. C) A ban on specific foreign products. D) A license to sell imported goods. Show Answer Correct Answer: A) A tax on goods crossing borders. 10. In which of the following types of economic integration systems will the establishment of a common currency be possible? A) Customs union. B) Economic union. C) Free trade area. D) Common market. Show Answer Correct Answer: B) Economic union. 11. Although most international trade and investment is still conducted by large firms, many medium-size and small businesses are becoming increasingly involved in international trade and investment. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 12. According to factor proportions theory, factors that were in great supply relative to demand would be cheaper. A) YES. B) NO. C) All the above. D) None of the above. Show Answer Correct Answer: A) YES. 13. International investing can be contrasted with ..... investing A) Global. B) Domestic. C) Both a & b. D) None of them. Show Answer Correct Answer: B) Domestic. 14. Marketing strategy means ..... A) How and where a company advertises their product. B) What day a company advertises their product. C) Who a company advertises their product to. D) What time a company advertises their product. Show Answer Correct Answer: A) How and where a company advertises their product. 15. Pada tahun berapakah bank komersil akhirnya dapat melaksanakan fungsi yang sama dengan bank investasi? A) 1993. B) 1995. C) 1997. D) 1999. Show Answer Correct Answer: D) 1999. 16. What is the term for the situation where a country is having deficit in both current and capital account? A) Twin deficit. B) Stagnant deficit. C) Current account deficit. D) Capital account deficit. Show Answer Correct Answer: A) Twin deficit. 17. Which trading bloc imposes no trade barrier amongst themselves but imposes trade barrier on outside countries? A) BRICS. B) Economic Unions. C) Free Trade Area. D) Common market. Show Answer Correct Answer: C) Free Trade Area. 18. Why is understanding culture important for international businesses? A) It increases taxes. B) It allows firms to adapt strategies and avoid misunderstandings. C) It reduces the need for market research. D) It helps predict political elections. Show Answer Correct Answer: B) It allows firms to adapt strategies and avoid misunderstandings. 19. What is the primary focus of international and global product design in international markets? A) Product standardization versus product adaptation. B) Pricing strategies for international markets. C) Advertising strategies for cross-cultural contexts. D) Distribution channels in international markets. Show Answer Correct Answer: A) Product standardization versus product adaptation. 20. What role do tariffs play in global trade agreements? A) Tariffs are solely imposed to protect domestic industries from foreign competition. B) Tariffs influence global trade agreements by being negotiated to reduce trade barriers, promoting increased trade between countries. C) Tariffs have no impact on trade negotiations between countries. D) Tariffs are only used to increase government revenue. Show Answer Correct Answer: B) Tariffs influence global trade agreements by being negotiated to reduce trade barriers, promoting increased trade between countries. 21. Perusahaan Start-Up dari Israel yang melakukan IPO di bursa NASDAQ Amerika dan berhasil mengumpulkan 165 Juta Dolar di bawah ini adalah ..... A) Xerox. B) Zerox. C) Nanox. D) TechEx. Show Answer Correct Answer: C) Nanox. 22. MNEs are firms with affiliates in multiple countries and engage in international business. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 23. A country's strategy for dealing with other countries is called its ..... A) Foreign policy. B) National interest. C) Guidelines. D) Goals. Show Answer Correct Answer: A) Foreign policy. 24. When entering China, how did Uber adapt to the local market? A) Increased pricing to match U.S. standards. B) Customized its vehicle types and app features to suit local users. C) Operated independently without local involvement. D) Focused solely on English-speaking users. Show Answer Correct Answer: B) Customized its vehicle types and app features to suit local users. 25. Apa yang dimaksud dengan free trade area? A) Wilayah bebas perdagangan antara negara-negara yang terlibat. B) Wilayah bebas pajak antara negara-negara yang terlibat. C) Wilayah bebas imigrasi antara negara-negara yang terlibat. D) Wilayah bebas keamanan antara negara-negara yang terlibat. E) Wilayah bebas budaya antara negara-negara yang terlibat. Show Answer Correct Answer: A) Wilayah bebas perdagangan antara negara-negara yang terlibat. ← 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