This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 89 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 89 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of these is an economic factor in the international environment? A) Tariffs and quotas. B) Inflation and interest rates. C) Cultural preferences. D) Political stability. Show Answer Correct Answer: B) Inflation and interest rates. 2. What political risk must businesses navigate in global markets? A) Increase in product innovation. B) Protectionist policies. C) Free trade agreements. D) None of the above. Show Answer Correct Answer: B) Protectionist policies. 3. 64) Which term refers to two or more companies that share ownership of an FDI? A) Turnkey operation. B) Transnational firm. C) Joint venture. D) Franchise. Show Answer Correct Answer: C) Joint venture. 4. Compared to MNEs, SMIEs usually: A) Have stronger global presence. B) Face more financial and market entry barriers. C) Operate with global standardization. D) Invest heavily in R&D. Show Answer Correct Answer: B) Face more financial and market entry barriers. 5. What are the challenges of managing a multicultural workforce? A) Uniform work ethics across all cultures. B) Simplified communication with a single language. C) Increased productivity due to diverse perspectives. D) Challenges include language barriers, cultural differences, varying work ethics, and potential biases. Show Answer Correct Answer: D) Challenges include language barriers, cultural differences, varying work ethics, and potential biases. 6. Which of the following is a consequence of lower information processing and communication costs for firms? A) Firms are limited to local markets due to higher operational costs. B) Firms can create and manage globally dispersed production systems. C) Firms need to rely more on traditional forms of communication. D) Firms experience a decrease in overall productivity. Show Answer Correct Answer: B) Firms can create and manage globally dispersed production systems. 7. If the currency exchange rate between the U.S. dollar and the British pound were 1 pound to 1.5 U.S. dollars, how many dollars would 500 pounds buy? A) $ 333.33. B) $ 500.00. C) $ 750.00. D) $ 1, 500.00. Show Answer Correct Answer: C) $ 750.00. 8. Australia's biggest export to China is ..... A) Iron Ore. B) Barley. C) Copper. D) Coal. Show Answer Correct Answer: A) Iron Ore. 9. Which strategy is applied when pressure for local responsiveness is high and pressure for cost reduction is low? A) Localization. B) International. C) Global standardization. D) Transnational. Show Answer Correct Answer: A) Localization. 10. What does the term "Supply Chain" mean? A) Process of purchasing goods for personal use. B) Process of sourcing materials for product manufacturing. C) Chain of retail stores. D) Direct sales process to the customer. Show Answer Correct Answer: B) Process of sourcing materials for product manufacturing. 11. Porter argues that a nation's firms gain competitive advantage if ..... A) Their domestic consumers lack technical awareness. B) They function in a labor intensive market. C) The country has abundant supply of unskilled workers. D) Their domestic consumers are demanding. Show Answer Correct Answer: D) Their domestic consumers are demanding. 12. What is the role of UK Export Finance Advisors? A) To provide financial support to UK exporters. B) To offer legal advice to UK businesses. C) To manage the UK's foreign exchange reserves. D) To regulate UK import tariffs. Show Answer Correct Answer: A) To provide financial support to UK exporters. 13. The arrangement between Tata and Starbucks is an example of ..... A) Export. B) Partnership. C) Takeover. D) Joint Venture. Show Answer Correct Answer: D) Joint Venture. 14. Which of the following characterizes a customs union? A) It requires each member to maintain different external policies regarding non-members. B) It imposes common external policies on non-members. C) It integrates the political and economic affairs of a region. D) It permits the free movement of goods and people among its members. Show Answer Correct Answer: B) It imposes common external policies on non-members. 15. Which type of multinational enterprise has a more decentralized approach, with each subsidiary operating independently according to its own country's requirements? A) Multidomestic firm. B) Global firm. C) Transnational firm. D) Multinational firm. Show Answer Correct Answer: D) Multinational firm. 16. A protective tariff is intended to "protect" the A) Domestic consumer from higher prices on foreign goods. B) Domestic consumer from higher priced goods produced within the country. C) Domestic manufacturer from higher priced foreign goods. D) Domestic manufacturer or farmer from lower priced goods imported into the country. Show Answer Correct Answer: D) Domestic manufacturer or farmer from lower priced goods imported into the country. 17. Why might a firm file an anti-dumping complaint with the government? A) To increase its own prices. B) As a signal to competitors that it's time to negotiate. C) To avoid paying taxes. D) To reduce production costs. Show Answer Correct Answer: B) As a signal to competitors that it's time to negotiate. 18. Which of the following would be an example of international business? A) A farmer in Iowa using U.S produced equipment. B) A sales staff in South Carolina representing a foreign producer. C) A restaurant in Chicago offering Asian menu items. D) A retail store in Oregon selling craft items from local artists. Show Answer Correct Answer: B) A sales staff in South Carolina representing a foreign producer. 19. What are the risks associated with international trade? A) Technological advancements and innovation. B) Potential risks such as currency fluctuations, political instability, trade barriers, and legal issues. C) Language barriers and cultural differences. D) Weather conditions and natural disasters. Show Answer Correct Answer: B) Potential risks such as currency fluctuations, political instability, trade barriers, and legal issues. 20. Buying and selling of goods & services across the borders of your national is called: A) Internal Trade. B) External Trade. C) Retail Trade. D) Wholesale Trade. Show Answer Correct Answer: B) External Trade. 21. Reading the image diagonally, most people see the word 'truth'. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 22. The European Union is an example of A) Monetary union. B) Free trade area. C) Common market. D) Economic union. Show Answer Correct Answer: D) Economic union. 23. What are the main components of a global supply chain? A) Retailers and customers only. B) Manufacturers only. C) Logistics providers and suppliers only. D) Suppliers, manufacturers, logistics providers, distribution centers, retailers, customers. Show Answer Correct Answer: D) Suppliers, manufacturers, logistics providers, distribution centers, retailers, customers. 24. A comparison of amount of foreign currency taken into a country versus amount of domestic currency paid out A) Quotas. B) Tariffs. C) Embargo. D) Balance of Payments. Show Answer Correct Answer: D) Balance of Payments. 25. Which of the following would constitute as a technological barrier to trade? A) Product standards. B) A tarrif. C) An import quota. D) Licenses. Show Answer Correct Answer: A) Product standards. ← 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