This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 85 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 85 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is the common currency of French-speaking countries in West Africa? A) CFA franc. B) Euro. C) Dollar. D) Peso. Show Answer Correct Answer: A) CFA franc. 2. What is contract manufacturing? A) A type of outsourcing where a company hires another company to manufacture its products. B) A type of joint venture where two companies share the costs and profits of manufacturing a product. C) A type of licensing agreement where a company grants another company the right to manufacture its product. D) All of the above. Show Answer Correct Answer: A) A type of outsourcing where a company hires another company to manufacture its products. 3. As per ..... theory, firms undertake FDI to exploit resource endowments or assets that are location-specific A) Eclectic paradigm. B) Internationalizationtheory. C) Imitative theory. D) Theory of absolute advantage. Show Answer Correct Answer: A) Eclectic paradigm. 4. The Instruments used to manipulate international trade are the tariff, safeguards, export and import quotas and non-tariff barriers A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 5. Is the following an advantage or a disadvantage of international business locations?"Ethical concerns" A) Advantage. B) Disadvantage. C) All the above. D) None of the above. Show Answer Correct Answer: B) Disadvantage. 6. What primarily determines currency exchange rates? A) Government decrees. B) The World Bank. C) Supply and demand for the currency. D) The price of gold. Show Answer Correct Answer: C) Supply and demand for the currency. 7. If a country has low literacy levels, little to no technology and focuses on agricutlre or mining, that country is considered to be: A) Developing. B) Industrialized. C) Less-Developed. D) None of the above. Show Answer Correct Answer: C) Less-Developed. 8. What is "Hyperinflation" ? A) A period characterized by rapidly falling exports. B) A period characterized by rapidly falling prices. C) A period characterized by rapidly rising prices. D) A period characterized by rapidly rising exports. Show Answer Correct Answer: C) A period characterized by rapidly rising prices. 9. Pressure for local responsiveness declines when ..... A) Consumer tastes and preferences become similar thanks to globalization. B) Infrastructure is different in various countries. C) Distribution channels are not similar. D) All of these choices. Show Answer Correct Answer: A) Consumer tastes and preferences become similar thanks to globalization. 10. Of all the factors that are important to doing business, geography is NOT important to doing business A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 11. Which is the first step of the procedure of import trade? A) Obtaining Import LIcence. B) Trade Enquiry. C) Placing an Order. D) Sending Letter of Credit. Show Answer Correct Answer: B) Trade Enquiry. 12. Profitability can be increase by adding value to the product and raise prices, and selling more products in the existing market. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 13. What is the tense in IBC used most? A) Present simple. B) Future simple. C) Past simple. D) Present perfect. Show Answer Correct Answer: A) Present simple. 14. Which of the following is true regarding business regulations in international markets? A) They are the same across all countries. B) They differ and businesses must adapt to local laws. C) International laws override national regulations. D) Businesses can ignore regulations in international markets. Show Answer Correct Answer: B) They differ and businesses must adapt to local laws. 15. How can companies effectively manage risks in global supply chains? A) Focus exclusively on cost reduction without considering quality. B) Rely solely on a single supplier for all materials. C) Diversify suppliers and implement risk assessment strategies. D) Ignore geopolitical factors when sourcing products. Show Answer Correct Answer: C) Diversify suppliers and implement risk assessment strategies. 16. Finish the sentence:I don't like Italian food very much because ..... A) I can't stand tomatoes!. B) I love tomatoes!. C) I don't mind tomatoes. D) I am 100% neutral about tomatoes. Show Answer Correct Answer: A) I can't stand tomatoes!. 17. Study of consumers and the processes they use to choose, use, and dispose of products and services, including consumers' emotional, mental, and behavioral responses. A) Consumer Behavior. B) Transitional Movement. C) Distribution. D) Demographics. Show Answer Correct Answer: A) Consumer Behavior. 18. ..... refers to the tax imposed on imports. A) Imported tax. B) Tariffs. C) Subsidies. D) Import Quotas. Show Answer Correct Answer: B) Tariffs. 19. During a call, the client says: "That's interesting." What should you NOT assume? A) They are confused. B) They are unsure. C) They fully agree. D) They need more info. Show Answer Correct Answer: C) They fully agree. 20. What does export mean? A) Buying goods from another country. B) Selling goods to another country. C) Storing goods locally. D) Moving goods from one warehouse to another. Show Answer Correct Answer: B) Selling goods to another country. 21. When the value of exports exceeds the value of imports; the opposite of a trade deficit. A) Macroeconomics. B) Microeconomics. C) Trade surplus. D) Factors of production. Show Answer Correct Answer: C) Trade surplus. 22. By entering into international business, a firm expects improvement in A) Marketing. B) All spheres of marketing, operation and finance simultaneously. C) Any or all spheres of marketing, operation and finance. D) Finance only. Show Answer Correct Answer: B) All spheres of marketing, operation and finance simultaneously. 23. A global firm's strategy emphasizes: A) High local responsiveness. B) Global standardization. C) No central control. D) Regional independence. Show Answer Correct Answer: B) Global standardization. 24. Who propounded International Product Life Cycle Theory? A) Adam Smith. B) David Ricardo. C) Michael Porter. D) Raymond Vernon. Show Answer Correct Answer: D) Raymond Vernon. 25. Istilah yang menggambarkan aliran modal jangka pendek yang bertujuan untuk memperoleh keuntungan singkat disebut ..... A) Short Money. B) Patient Money. C) Hot Money. D) Cold Money. Show Answer Correct Answer: B) Patient Money. ← 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