This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 84 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 84 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Global Economy refers to ..... A) A world economy with movement of products and labors across international borders. B) The entire world creating and using the same currency. C) A snow globe for sale. D) A snow globe with fake money inside. Show Answer Correct Answer: A) A world economy with movement of products and labors across international borders. 2. Discuss the concept of franchising and its role in international business. A) Franchising does not require any knowledge of the local market and culture. B) Franchising allows companies to expand into new markets with the help of local entrepreneurs who have knowledge of the local market and culture. C) Franchising is only suitable for domestic business expansion. D) Franchising is a method of selling products directly to consumers. Show Answer Correct Answer: B) Franchising allows companies to expand into new markets with the help of local entrepreneurs who have knowledge of the local market and culture. 3. Which of these is the least integrated level of economic integration? A) A common market. B) An economic union. C) A customs union. D) A free trade area. Show Answer Correct Answer: D) A free trade area. 4. UNIT 1:ABOUT YOUTELEPHONE NUMBERSTwo five seven oh double eight nine double 4 A) 257088044. B) 257089944. C) 257188944. D) 257088944. Show Answer Correct Answer: D) 257088944. 5. What was a major factor that led to the democratic revolution in the late 1980s and early 1990s? A) Successful economic progress under totalitarian regimes. B) A decline in the size of the middle class. C) The widespread use of new information and communication technologies. D) Increased government control over the economy. Show Answer Correct Answer: C) The widespread use of new information and communication technologies. 6. The speaker has referred to the Rakhal Chur as a way to define the collective programming of the human mind. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 7. Modes of operations in international business as below EXCEPT ..... A) Licensing. B) Domestic business. C) FDI. D) Import & export. Show Answer Correct Answer: B) Domestic business. 8. The General Agreement on Tariffs and Trade (GATT) expanded considerably into a multilateral trading system called ..... A) EU. B) NAFTA. C) UN. D) WTO. Show Answer Correct Answer: D) WTO. 9. A strategy that uses the same product and marketing strategy worldwide would be a A) Multinational strategy. B) Secret strategy. C) Worldwide strategy. D) Global strategy. Show Answer Correct Answer: D) Global strategy. 10. Domestic Company is A) Is a company that conducts business across national borders. B) Is a company that conducts business in only one country, which is known as the home country. C) A permanent global institution to promote international trade and to settle international trade disputes. D) None of the above. Show Answer Correct Answer: B) Is a company that conducts business in only one country, which is known as the home country. 11. How does globalization influence international business practices? A) Globalization influences international business practices by expanding markets, promoting competition, and encouraging the adoption of international standards. B) Globalization eliminates competition among businesses. C) Globalization isolates local businesses from global markets. D) Globalization reduces the need for international trade. Show Answer Correct Answer: A) Globalization influences international business practices by expanding markets, promoting competition, and encouraging the adoption of international standards. 12. It is a tax that the country charges when importing a product. A) Custom tariff. B) Subsidy. C) Legal norm. D) Bonus. Show Answer Correct Answer: A) Custom tariff. 13. In a ..... economy certain sectors of the economy are left to private ownership and free market mechanisms. A) Mixed. B) Market. C) Planned. D) Common. Show Answer Correct Answer: A) Mixed. 14. International business has no branches A) False. B) True. C) All the above. D) None of the above. Show Answer Correct Answer: A) False. 15. What is the primary role of a "Supplier" ? A) To buy goods for resale. B) To provide necessary materials or services for production. C) To manage the company's inventory. D) To transport products to customers. Show Answer Correct Answer: B) To provide necessary materials or services for production. 16. There are 4 shipping terms, they are these below except, A) FAS. B) FOB. C) CIF. D) FOG. E) CAF. Show Answer Correct Answer: D) FOG. 17. These are the steps for the Solving situations at work A) 1. Identify the problem2.Explore information and create ideas3.Select the best ideas4. Build and test ideas5.Evaluate the results. B) *MRM, at its core, is divided into 5 business processes / methodical concepts:*Planning and Budgeting.*Business Process Management.*Approval.*Reusability.*Measurement. C) All the above. D) None of the above. Show Answer Correct Answer: A) 1. Identify the problem2.Explore information and create ideas3.Select the best ideas4. Build and test ideas5.Evaluate the results. 18. Profit growth can be achieved through ..... A) Increase cost. B) Decrease cost. C) Add value and raise prices. D) Enter new markets. Show Answer Correct Answer: D) Enter new markets. 19. Raymond Vernon's 'Product Life Cycle Theory' suggests that as a product matures (e.g., a smartphone), production often shifts from: A) Developing countries to the innovating country. B) The innovating country to lower-cost developing countries. C) Rural areas to urban areas. D) The private sector to the public sector. Show Answer Correct Answer: B) The innovating country to lower-cost developing countries. 20. What is the role of multinational corporations in international trade? A) Multinational corporations primarily focus on local markets. B) Multinational corporations facilitate international trade by enhancing efficiency, accessing diverse markets, and contributing to economic development. C) They hinder international trade by creating trade barriers. D) Multinational corporations have no impact on economic development. Show Answer Correct Answer: B) Multinational corporations facilitate international trade by enhancing efficiency, accessing diverse markets, and contributing to economic development. 21. ..... provides the basic framework of policy and strategy for promoting exports and trade. A) Domestic trade policy. B) Global trade policy. C) Foreign Trade policy. D) None of the above. Show Answer Correct Answer: C) Foreign Trade policy. 22. Country X is in the process of transforming from a command economy to a market economy. This process most likely involves A) Standardized procedures implemented by the state. B) High economic growth rates for the long term. C) Privatization of many factors of production. D) Violent political and legal upheaval. Show Answer Correct Answer: C) Privatization of many factors of production. 23. To lose value. For example, if you bought a new Toyota Corolla in 2001 for $ 30, 000, the value of the car decreased and you can now only sell it for $ 11, 000. A) Ethics. B) Translate. C) Depreciate. D) Appreciate. Show Answer Correct Answer: C) Depreciate. 24. A person who starts his or her own business in hope of earning a profit. A) Consumer. B) Currency. C) Manufacture. D) Entrepreneur. Show Answer Correct Answer: D) Entrepreneur. 25. Business transactions between parties from more than one country are known as international business. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. ← 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