This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 90 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 90 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which international organization is primarily responsible for regulating international monetary exchange rates and providing financial assistance to countries in need? A) World Bank. B) IMF. C) WTO. D) UNCTAD. Show Answer Correct Answer: B) IMF. 2. What is the second stage in the "business cycle" model? A) Depression. B) Recovery. C) Boom. D) Recession. Show Answer Correct Answer: D) Recession. 3. A culture in which people prefer to finish one task before starting another is most accurately characterized as which of the following? A) Low-context. B) Monochronic. C) Pragmatic. D) High power distance. Show Answer Correct Answer: B) Monochronic. 4. Which of the following factors does NOT contribute to the rise of nearshoring? A) Lower transportation costs. B) Smaller time zone differences. C) Larger cultural differences. D) Lesser liability of foreignness. Show Answer Correct Answer: C) Larger cultural differences. 5. Administrative policies, such as strict customs rules, most directly serve which role in trade? A) Mandated domestic content levels. B) Direct price support to producers. C) Indirect protection via bureaucracy. D) Negotiated export ceilings. Show Answer Correct Answer: C) Indirect protection via bureaucracy. 6. There are two main categories of international investment ..... and ..... A) Portfolio investment. B) Foreign direct investment (FDI). C) Both a & b. D) None of the above. Show Answer Correct Answer: C) Both a & b. 7. Which statement best describes how a firm's resources contribute to a sustainable competitive advantage in international strategy? A) They are valuable, rare, imperfectly imitable and non-substitutable. B) They are easily transferable between countries and quickly replicated by rivals. C) They consist only of the firm's financial capital. D) They are abundant and replaceable, allowing frequent substitution. Show Answer Correct Answer: A) They are valuable, rare, imperfectly imitable and non-substitutable. 8. What is the most likely outcome of this message " let's finalize this later" A) The task would be completed correctly. B) The projects starts immediately. C) The other party asks for clarification. D) No delay occurs. Show Answer Correct Answer: C) The other party asks for clarification. 9. To accomplish this goal, each firm must develop its individual strategy and approach to ..... A) Lower cost. B) Maximize value. C) Increase profit. D) All the above. Show Answer Correct Answer: D) All the above. 10. What is a company called that operates in multiple countries? A) Exporting business. B) Importing business. C) Multinational enterprise. D) Associated business. Show Answer Correct Answer: C) Multinational enterprise. 11. It refers to the nation's position in factors of production, such as skilled labor or the infrastructure necessary to compete in a given industry. A) Factor Endowments. B) Demand Conditions. C) Related and Supporting Industries. D) None of the above. Show Answer Correct Answer: A) Factor Endowments. 12. Which type of multinational enterprise focuses on achieving efficiencies through global integration and offers standardized products across international markets? A) Multidomestic firm. B) Multinational firm. C) Global firm. D) Transnational firm. Show Answer Correct Answer: C) Global firm. 13. What role does technology play in the expansion of International Business? A) It limits business growth. B) It facilitates communication and transactions. C) It is irrelevant in the global market. D) It only benefits domestic businesses. Show Answer Correct Answer: B) It facilitates communication and transactions. 14. What are international trade policies and agreements? A) Rules and regulations for international trade. B) Guidelines for domestic industries. C) Agreements for local market expansion. D) Regulations for foreign investments. Show Answer Correct Answer: A) Rules and regulations for international trade. 15. Total market value of all goods and services produced in a country in a year. A) Gross Domestic Product. B) Consumer Price Index. C) Gross National Product. D) Gross National Income. Show Answer Correct Answer: A) Gross Domestic Product. 16. What is the full form of EOUs? A) Export Outsourcing Units. B) Export Oriented Units. C) Export Organization Units. D) None of the above. Show Answer Correct Answer: B) Export Oriented Units. 17. The movement to free international trade is most likely to generate short-term unemployment in which industries A) Industries in which there are neither imports nor exports. B) Import-competing industries. C) Industries that sell to domestic and foreign buyers. D) Industries that sell to only foreign buyers. Show Answer Correct Answer: B) Import-competing industries. 18. What is a major driver of globalization? A) Cultural isolation. B) High tariffs. C) Liberalized trade policies. D) Regional wars. Show Answer Correct Answer: C) Liberalized trade policies. 19. What is the role of technology in the international business environment? A) To standardize global practices. B) To limit market access. C) To enhance product adaptation. D) To reduce competition. Show Answer Correct Answer: C) To enhance product adaptation. 20. The principle of 'Host Country culture is the best culture' applicable to which type of international orientation? A) Polycentric. B) Regiocentric. C) Ethnocentric. D) Geocentric. Show Answer Correct Answer: A) Polycentric. 21. It is found in those countries that can produce a good using fewer productive factors than others, and therefore, with a lower production cost than that which could be obtained using it. A) Overproduction. B) Greater demand. C) Absolute advantage. D) \}. Show Answer Correct Answer: C) Absolute advantage. 22. What is the role of technology in international business? A) It complicates business processes. B) It provides a competitive advantage. C) It has no impact. D) It is only relevant for local businesses. Show Answer Correct Answer: B) It provides a competitive advantage. 23. This country has been the birthplace of many innovative companies such as:Electrolux, H&M, IKEA, Spotify, and Skype. A) Sweden. B) Switzerland. C) Germany. D) None of the above. Show Answer Correct Answer: A) Sweden. 24. A country's balance-of-payments accounts keep track of the ..... A) Basic factor endowments and advanced factor endowments that the nation possesses. B) Payments to and receipts from other countries for a particular time period. C) Income taxes paid by domestic firms and the spending on the firms. D) Total value of taxes paid by domestic firms and the spending on the firms. Show Answer Correct Answer: B) Payments to and receipts from other countries for a particular time period. 25. ..... must be concerned when doing business with high context culture. A) Business meeting seat position. B) Meeting agenda. C) Culture diversity. D) Business contract details. Show Answer Correct Answer: A) Business meeting seat position. ← 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