This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 88 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 88 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Host countries may feel that MNEs hold significant economic power, leading to what potential issue? A) Power imbalance, which can lead to tension and unease about potential exploitation. B) Increased cultural exchange and mutual understanding. C) Reduction in foreign direct investment opportunities. D) Improved local governance and transparency. Show Answer Correct Answer: A) Power imbalance, which can lead to tension and unease about potential exploitation. 2. In Poland, casual clothing can be considered inappropriate in public. For example, one would rarely be seen barefoot in public. People tend to dress neatly. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 3. The term "Distribution" refers to: A) Product advertising. B) Transportation and delivery of products to different sales points. C) Revenue generation through sales. D) Mass production of goods. Show Answer Correct Answer: B) Transportation and delivery of products to different sales points. 4. What are the key differences between licensing and franchising? A) Licensing requires a franchise fee; franchising does not require any fees. B) Licensing is only for software; franchising is only for restaurants. C) Licensing involves selling products; franchising involves sharing profits. D) Licensing is about using intellectual property; franchising is about operating a business model. Show Answer Correct Answer: D) Licensing is about using intellectual property; franchising is about operating a business model. 5. The amount by which revenue from ..... exceeds costs in a business is known as profit margin. A) Sales. B) Selling Price. C) Gross Profit. D) Cost. Show Answer Correct Answer: A) Sales. 6. Pressures for global integration-highpressures for local responsiveness-high A) International strategy. B) Global strategy. C) Multidomestic strategy. D) Transnational strategy. Show Answer Correct Answer: D) Transnational strategy. 7. Which of the following is a common challenge companies face in emerging markets? A) Lack of legal regulations. B) Over-regulated digital privacy laws. C) Infrastructure and bureaucratic hurdles. D) High purchasing power of customers. Show Answer Correct Answer: C) Infrastructure and bureaucratic hurdles. 8. Which of the following best describes a product-based global corporate structure? A) Organized by customer segments. B) Organized by product lines across countries. C) Organized by geographic regions. D) Organized by corporate functions. Show Answer Correct Answer: B) Organized by product lines across countries. 9. Which of the following is not an economic factor? A) Quality of Living. B) Government Stability. C) Employee Benefits. D) Infrastructure. Show Answer Correct Answer: B) Government Stability. 10. ..... is the buying of products made in other countries for use or resale in one's own country. A) Exporting. B) Importing. C) Merchandising. D) Transporting. Show Answer Correct Answer: B) Importing. 11. A tax imposed by the government of a country or by a supranational union on imports or exports of goods. A) Licensor. B) Tariff. C) Franchisor. D) Landlord. Show Answer Correct Answer: B) Tariff. 12. What is one advantage of going global in terms of access to customers? A) Limited access to customers due to economic pressures. B) Immediate access to a wide range of customers in areas with more available spending. C) Reduced product range due to cultural differences. D) Dependence on the local market for sales. Show Answer Correct Answer: B) Immediate access to a wide range of customers in areas with more available spending. 13. What does a Tariff do? A) Destroys the product it comes in contact with. B) Places a tax on a product when it crosses the border. C) Charges people money to be in the area of a company. D) Charges people money to enter into a store. Show Answer Correct Answer: B) Places a tax on a product when it crosses the border. 14. How do trade agreements facilitate regional economic integration? A) Trade agreements facilitate regional economic integration by reducing trade barriers and promoting economic cooperation. B) Trade agreements eliminate all forms of economic cooperation. C) Trade agreements isolate economies from global markets. D) Trade agreements increase tariffs and reduce trade volume. Show Answer Correct Answer: A) Trade agreements facilitate regional economic integration by reducing trade barriers and promoting economic cooperation. 15. "Strategic" industries are the ones that usually require high start-up costs and investments in innovations and research. A) Yes. B) No. C) All the above. D) None of the above. Show Answer Correct Answer: A) Yes. 16. A major benefit of globalization to consumers is: A) Limited product variety. B) Higher prices for goods. C) Access to a wider range of products. D) Reduced innovation. Show Answer Correct Answer: C) Access to a wider range of products. 17. Aspect of globalization are A) Capital & investment. B) Migration. C) Both a & b. D) None of the above. Show Answer Correct Answer: C) Both a & b. 18. The ASEAN Free Trade Area was signed in this country in 1992. Further, this country is known for its highly developed free-market economy.- A) Vietnam. B) Singapore. C) China. D) None of the above. Show Answer Correct Answer: B) Singapore. 19. Which factor is unique to international business but not present in domestic business? A) Cultural diversity among customers. B) Sales within one country. C) Single currency used for transactions. D) Consistent legal regulations. Show Answer Correct Answer: A) Cultural diversity among customers. 20. G-8 is A) The worlds 8 most powerful countries. B) The worlds 8 least powerful countries. C) The next developing 8 nations. D) None of the above. Show Answer Correct Answer: A) The worlds 8 most powerful countries. 21. In network internationalization model late starter has ..... : A) LITTLE KNOWLEDGE ABOUT THE FOREIGN MARKET. B) EASY ACCESS TO INTERNATIONALIZED NETWORK RESOURCES. C) LITTLE OPERATING EXPERIENCE. D) FOCUS ON EXPANSION INTO CLOSE MARKETS. Show Answer Correct Answer: B) EASY ACCESS TO INTERNATIONALIZED NETWORK RESOURCES. 22. Currently how many members are in the SAARC organisation? A) 6. B) 7. C) 8. D) 10. Show Answer Correct Answer: C) 8. 23. What is the primary focus of the ecological environment in international business? A) Technological advancements. B) Political stability. C) Cultural practices. D) Environmental sustainability. Show Answer Correct Answer: D) Environmental sustainability. 24. How does globalization impact sustainable development growth in international business? A) It encourages local businesses to remain isolated. B) It promotes uniformity and reduces cultural diversity. C) It provides opportunities for growth while requiring adaptation to new sustainability practices. D) It restricts the availability of global resources. Show Answer Correct Answer: C) It provides opportunities for growth while requiring adaptation to new sustainability practices. 25. "I couldn't agree more" is: A) Strong agreement. B) Weak agreement. C) Strong disagreement. D) Weak disagreement. Show Answer Correct Answer: A) Strong agreement. ← 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