This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 92 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 92 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Knickerbocker's theory suggests that much FDI is explained by imitative behavior by rival firms in an ..... industry A) Monopolistic. B) Oligopolistic. C) Plastic. D) Perfectly competitive. Show Answer Correct Answer: B) Oligopolistic. 2. What is the term for the process of customizing products and marketing strategies to suit the unique preferences and needs of consumers in different countries? A) Globalization. B) Standardization. C) Localization. D) Homogenization. Show Answer Correct Answer: C) Localization. 3. Absolute advantage theory was proposed by ..... in 1776. A) David Ricardo. B) Adam Smith. C) John Dunning. D) Karl Marx. Show Answer Correct Answer: B) Adam Smith. 4. Why might a company choose to diversify its operations internationally? A) To increase political risk. B) To complicate their supply chain. C) To reduce dependence on a single market. D) To avoid learning about other cultures. Show Answer Correct Answer: C) To reduce dependence on a single market. 5. Stability strategy is a ..... strategy A) Corporate level. B) Business level. C) Functional level. D) Strategic level. Show Answer Correct Answer: A) Corporate level. 6. What is one of the macro-scale factors driving globalization? A) Decreased technology use. B) Reduced international cooperation. C) Elimination of trade barriers. D) Increased tariffs. Show Answer Correct Answer: C) Elimination of trade barriers. 7. The economic environment in international business includes all of the following EXCEPT: A) Inflation rates. B) Cultural traditions. C) Exchange rates. D) Economic policies. Show Answer Correct Answer: B) Cultural traditions. 8. Which international organization is primarily responsible for providing financial assistance to developing countries? A) IMF. B) WTO. C) World Bank. D) UNCTAD. Show Answer Correct Answer: C) World Bank. 9. Which of the following refers to the potential negative impacts that arise from differences in cultural practices and values? A) Cultural Awareness. B) Cultural Risk. C) Cultural Compatible Resources Deployment. D) Strategic Planning. Show Answer Correct Answer: B) Cultural Risk. 10. Which is not a benefit of a joint venture? A) Sharing raw materials. B) Sharing production facilities. C) Sharing profits. D) Sharing shipping facilities. Show Answer Correct Answer: C) Sharing profits. 11. How does FDI contribute to economic growth in Canada? A) By decreasing productivity. B) By increasing competition. C) By reducing technology transfer. D) By limiting foreign investment. Show Answer Correct Answer: B) By increasing competition. 12. Political risk in international business refers to: A) Risk of losing customers due to competition. B) Risk arising from changes in government policies. C) Risk of natural disasters. D) Risk from exchange rate fluctuations. Show Answer Correct Answer: B) Risk arising from changes in government policies. 13. Which strategy of international business is applied when both pressure for local responsiveness and reducing cost are low? A) International Strategy. B) Transnational strategy. C) Global standardization strategy. D) Localization strategy. Show Answer Correct Answer: A) International Strategy. 14. Cryptocurrency or virtual currency is- A) A form of physical currency used in online transactions. B) A type of currency that is regulated by a government. C) A digital currency that is only used for gaming purposes. D) A type of digital currency that uses cryptography and operates independently of a central authority. Show Answer Correct Answer: D) A type of digital currency that uses cryptography and operates independently of a central authority. 15. What is the definition of licensing? A) Selling the right to use some type of intangible property. B) The right to use a company's processes and/or business name. C) An agreement between two or more companies to share a business project. D) A tax that a government places on certain imported products. Show Answer Correct Answer: A) Selling the right to use some type of intangible property. 16. Which of the following is a characteristic of less-developed countries (LDCs)? A) High per-capita income. B) More economically advanced. C) Potentially huge & profitable markets. D) Predominantly service-based economies. Show Answer Correct Answer: C) Potentially huge & profitable markets. 17. The use of trade barriers to protect a nation's industries from foreign competition A) Balance of trade. B) NAFTA. C) Quotas. D) Protectionism. Show Answer Correct Answer: D) Protectionism. 18. The term special economic zone can include A) Free trade zone. B) Export processing zones. C) Both the above. D) None of them. Show Answer Correct Answer: C) Both the above. 19. Perkembangan yang begitu masif terhadap teknologi menyebabkan munculnya ..... dimana perusahaan jasa keuangan dapat melaksanakan perdagangan selama 24 jam penuh. A) Advanced International Capital Market. B) Digital International Capital Market. C) Integrated International Capital Market. D) Electronic International Capital Market. Show Answer Correct Answer: C) Integrated International Capital Market. 20. It is rude to write on a Japanese business card. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 21. Which of the following is an example of regional economic integration? A) The European Union. B) The British Commonwealth. C) The Cingular and AT&T merger. D) The Commonwealth of Independent States. Show Answer Correct Answer: A) The European Union. 22. Which trade theory suggests that a country should specialize in producing and exporting goods that it can produce more efficiently and import goods that it cannot produce as efficiently? A) Opportunity Cost. B) Comparative Advantage. C) Absolute Advantage. D) Balance of Trade. Show Answer Correct Answer: B) Comparative Advantage. 23. What does globalization in marketing aim to achieve? A) Localized product development. B) Standardized products and marketing worldwide. C) Ignoring global trends. D) Unique marketing for each country. Show Answer Correct Answer: B) Standardized products and marketing worldwide. 24. "Soundtrack of your ride" is partnership between ..... A) Ikea and Lego. B) Uber and Spotify. C) Tata and Nestle. D) None of the above. Show Answer Correct Answer: B) Uber and Spotify. 25. What is the last step in the market-and site-screening process? A) Measure Market Or Site Potential. B) Assess The National Business Environment. C) Identify Basic Appeal. D) Select The Market Or Site. Show Answer Correct Answer: D) Select The Market Or Site. ← 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