This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 83 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 83 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Technological advancements that result in lower transportation costs and enhanced global communication networks primarily enable businesses to ..... A) Centralize production in a single location for cost efficiency. B) Expand production within a limited geographical region. C) Disperse production to geographically separate locations. D) Increase reliance on local suppliers for reduced transportation costs. Show Answer Correct Answer: C) Disperse production to geographically separate locations. 2. A functional structure allows strong specialization in specific business areas such as marketing or finance. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 3. Differences among countries require that an international business vary its practices country by country. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 4. Low cost and differentiation are two basic strategies for creating value and attaining a competitive advantage in the industry. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 5. The following are the important to study international business ..... A) Most companies are either international or compete with international companies. B) Global events and competition affect almost all companies, regardless of industry. C) Understanding of IB helps you make better career decisions. D) All of these. Show Answer Correct Answer: D) All of these. 6. The economic and strategic advantages that accrue to early entrants into an industry. A) Second-mover advantages. B) Absolute advantages. C) First-Mover Advantages. D) None of the above. Show Answer Correct Answer: C) First-Mover Advantages. 7. According to the stages models, what is the typical sequence of entry modes from low to high commitment? A) Licensing $\rightarrow$ joint ventures $\rightarrow$ wholly-owned subsidiaries. B) Sporadic exports $\rightarrow$ exports through sales agents $\rightarrow$ sales subsidiary $\rightarrow$ production subsidiary. C) Franchising $\rightarrow$ direct investment $\rightarrow$ exporting. D) Joint ventures $\rightarrow$ sporadic exports $\rightarrow$ licensing. Show Answer Correct Answer: B) Sporadic exports $\rightarrow$ exports through sales agents $\rightarrow$ sales subsidiary $\rightarrow$ production subsidiary. 8. Located in Western Asia on the northeastern coast of the Arabian Peninsula. Also, one of the richest countries in the world. A) Saudi Arabia. B) Pakistan. C) Qatar. D) None of the above. Show Answer Correct Answer: C) Qatar. 9. Which of the following is considered an external environment factor in international business? A) Capital. B) Raw materials. C) Sociocultural environment. D) Personnel. Show Answer Correct Answer: C) Sociocultural environment. 10. It is an easy way to enter markets with high trade restrictions as a company gives the right to use the property to another company in a new market in exchange for a fee A) Foreign Direct Investment. B) Licensing. C) Joint Venture. D) Internet. E) Export. Show Answer Correct Answer: B) Licensing. 11. Which year was NAFTA established? A) 1994. B) 2004. C) 1990. D) 1987. Show Answer Correct Answer: A) 1994. 12. Which organizational mechanism is primarily aimed at promoting knowledge sharing and cross-border coordination among dispersed units? A) High local autonomy with no cross-unit liaison. B) Strict local cost-control performance targets. C) Sole reliance on centralized financial reporting. D) Global product or project teams composed of members from multiple countries. Show Answer Correct Answer: D) Global product or project teams composed of members from multiple countries. 13. Which supply chain perspective is speculative? A) Push. B) Pull. C) All the above. D) None of the above. Show Answer Correct Answer: A) Push. 14. Businesses seeking funding for expansion and growth can approach private equity firms and venture capitalists that invest in promising ventures. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 15. The belief that the concerns of individuals should be placed above the group's welfare is called A) Personalization. B) Self Centricity. C) Individualism. D) Collectivism. Show Answer Correct Answer: C) Individualism. 16. Which organizational structure is characterized by grouping activities based on specialized functions such as marketing, finance, and operations? A) Global corporate form-Product. B) Global corporate form-Geographic regions. C) Global corporate form-Function. D) Matrix organizations. Show Answer Correct Answer: C) Global corporate form-Function. 17. What is an "Inventory" ? A) List of suppliers. B) Record of products and materials available in a company. C) Sales plan. D) Customer database. Show Answer Correct Answer: B) Record of products and materials available in a company. 18. In which orientation are countries grouped and managed with a unified strategy for each region, such as an Asia strategy for India, Pakistan, and Bangladesh? A) Geocentric approach with global uniformity. B) Ethnocentric approach to all subsidiaries. C) Polycentric approach in each host country. D) Regiocentric approach with regional strategy. Show Answer Correct Answer: D) Regiocentric approach with regional strategy. 19. The corporate level is where top management directs: A) All employees for orientation. B) Its efforts to stabilize recruitment needs. C) Overall strategy for the entire organization. D) Overall sales projections. Show Answer Correct Answer: C) Overall strategy for the entire organization. 20. FDI exposes companies to exchange rate risks, which can impact profitability when ..... profits to the home country or during currency conversions. A) Repatriating. B) Investing. C) Borrowing. D) Auditing. Show Answer Correct Answer: A) Repatriating. 21. UNIT 1:ABOUT YOUSimple ExchangesA: ..... B:No, her first name is Lucy. A) Is Ms Gomme's first name Mary?. B) Ms Gomme's first name is Mary. C) Is Ms Gomme's last name Mary?. D) None of the above. Show Answer Correct Answer: A) Is Ms Gomme's first name Mary?. 22. How does outsourcing impact global business? A) Cost reduction. B) Decreased efficiency. C) Isolation from global markets. D) Reduction in innovation. Show Answer Correct Answer: A) Cost reduction. 23. What does the WTO (World Trade Organization) do? A) Lends money to poor countries. B) Makes sure countries follow trade rules. C) Helps fix broken phones. D) Makes phones in many countries. Show Answer Correct Answer: B) Makes sure countries follow trade rules. 24. Foreign debt is: A) The measure of the difference between what a country sells versus what a country buys from other countries. B) The measure of the amount of money a country owes to other countries. C) The measure of the output of products created within a country. D) None of the above. Show Answer Correct Answer: B) The measure of the amount of money a country owes to other countries. 25. Which of the following best describes a trade surplus? A) When a country's exports are less than its imports. B) When a country's exports are greater than its imports. C) When a country's exports equal its imports. D) When a country only imports goods. Show Answer Correct Answer: B) When a country's exports are greater than its imports. ← 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