This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 87 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 87 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which are the two countries with which India trades? A) China and Japan. B) USA and Japan. C) USA and China. D) China and Canada. Show Answer Correct Answer: B) USA and Japan. 2. Which is NOT a reason why firms engage in international business? A) Access to new markets. B) Diversification of risk. C) Exploitation of domestic monopolies abroad. D) Avoidance of innovation. Show Answer Correct Answer: D) Avoidance of innovation. 3. If McDonald's changes its menu in India to exclude beef due to religious beliefs, this is a response to which PESTEL factor? A) Social/Cultural. B) Technological. C) Legal. D) Environmental. Show Answer Correct Answer: A) Social/Cultural. 4. Taxes on imports; also known as custom duties. Comes in two forms:Specific and Valorem. A) Preferential Duties. B) Custom Duties. C) Tariffs. D) Import Quotas. Show Answer Correct Answer: C) Tariffs. 5. What is supply chain management (SCM)? A) Supply chain management (SCM) involves the coordination and optimization of all activities within the supply chain to ensure seamless flow, efficient operations, and cost-effective performance. B) SCM is only about transporting goods from one place to another. C) SCM focuses solely on the marketing of products to customers. D) SCM is the process of hiring employees for a company. Show Answer Correct Answer: A) Supply chain management (SCM) involves the coordination and optimization of all activities within the supply chain to ensure seamless flow, efficient operations, and cost-effective performance. 6. The two-way flow of exports and imports of goods (merchandise trade) and services (service trade). A) International business. B) Trade. C) Outsourcing. D) Offshoring. Show Answer Correct Answer: B) Trade. 7. Which of the following is a benefit of entering a foreign market on a large scale? A) Lower financial risk. B) High strategic flexibility. C) Easier to capture first-mover advantages. D) Less competition from local firms. Show Answer Correct Answer: C) Easier to capture first-mover advantages. 8. Which was the main economic source of South Africa in 2017? A) Mining. B) Construction. C) Agriculture. D) Tourism. Show Answer Correct Answer: C) Agriculture. 9. The speaker expressed the belief that jokes do not always translate well across languages and cultures. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 10. Which statement best describes the current trend in international markets? A) National markets are becoming more distinct and separate. B) Trade barriers are increasing, making it harder to sell globally. C) Historically distinct and separate national markets are merging into a global market. D) Consumers' tastes and preferences are diverging, creating unique national markets. Show Answer Correct Answer: C) Historically distinct and separate national markets are merging into a global market. 11. Salah satu faktor utama yang sejak tahun 1970 menjadi motor penggerak revolusi jasa keuangan sehingga semakin maju dengan memfasilitasi hubungan langsung antar benua adalah ..... A) Teknologi Komunikasi. B) Teknologi Pemrosesan Data. C) Teknologi Informasi. D) Teknologi Transfer. Show Answer Correct Answer: A) Teknologi Komunikasi. 12. Which type of business happens when buying and selling crosses borders A) Domestic business. B) International business. C) None ya business. D) None of the above. Show Answer Correct Answer: B) International business. 13. What is the most important trade agreement for Mexico by its amount of operations? A) Transpacific. B) Pacific Alliance. C) European Union FTA. D) USMCAN. Show Answer Correct Answer: D) USMCAN. 14. When items are too expensive to ship, businesses build factories abroad. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 15. The UAE has free trade agreements with neighboring Arab states. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 16. The study of how a country manages its affairs by using its political, economic, and legal systems. A) Political Analysis. B) Political Economy. C) Political Dilemma. D) Political Management. Show Answer Correct Answer: B) Political Economy. 17. Which of the following is NOT a member-specific function of the G20? A) Coordinating macroeconomic policy among major economies. B) Addressing global financial stability. C) Setting legally binding trade rules. D) Discussing sustainable development issues. Show Answer Correct Answer: C) Setting legally binding trade rules. 18. What is the main challenge of a matrix structure? A) Lack of innovation. B) High communication cost. C) Dual reporting lines leading to conflicts. D) No specialization. Show Answer Correct Answer: C) Dual reporting lines leading to conflicts. 19. This is a situation with uncertaintly about what is right to do from a moral or ethics perspective. A) Ethics. B) Business ethics. C) Ethical Dilemma. D) Ethical strategy. Show Answer Correct Answer: C) Ethical Dilemma. 20. Which of the following factors, according to Porter's national Diamond, is most likely to give a country competitive advantage over another country? A) Natural resources. B) Climate. C) Skilled labor. D) Demographics. Show Answer Correct Answer: C) Skilled labor. 21. ..... is the payment method most often used in International Trade which offers the exporter the best assurance of being paid for the products sold internationally. A) Bill of lading. B) Letter of credit. C) Open account. D) Drafts. Show Answer Correct Answer: B) Letter of credit. 22. The speaker ends the presentation with a quote from Carl Jung emphasizing self-awareness through understanding others. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 23. Which of the following is considered a controllable factor in international marketing? A) Cultural environment. B) Political stability. C) Economic conditions. D) Product. Show Answer Correct Answer: D) Product. 24. ONE OF THE REASONS WHY THIS WAS FORMULATED IS BECAUSE OF INDUSTRIALIZATION A) THEORY OF ABSOLUTE ADVANTAGE. B) THEORY OF COMPARATIVE ADVANTAGE. C) PROTECTIONISM. D) BALANCE OF PAYMENT. E) TRADE BARRIERS. Show Answer Correct Answer: E) TRADE BARRIERS. 25. What defines an international strategy? A) Leveraging core competencies in foreign markets with minimal adaptation. B) Extensive customization of products for local markets. C) High integration and standardization. D) Balancing global efficiency and local responsiveness. Show Answer Correct Answer: A) Leveraging core competencies in foreign markets with minimal adaptation. ← 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