This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 95 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 95 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. One major reason companies enter international markets is to: A) Increase domestic competition. B) Decrease global profits. C) Access new markets and customers. D) Avoid foreign trade. Show Answer Correct Answer: C) Access new markets and customers. 2. Which country can you get a moi moi from KFC? A) South Africa. B) Nigeria. C) Malaysia. D) Japan. Show Answer Correct Answer: B) Nigeria. 3. Of the following characteristics, the one that is not typical of a democratic system is that A) Individuals have the freedom to own and operate private businesses. B) Individuals can build a small business into a very large business. C) The economy is usually a command economy. D) Individuals may travel freely to other countries. Show Answer Correct Answer: C) The economy is usually a command economy. 4. The two basic strategies for creating value are ..... A) Value and cost. B) Differentiation and low cost. C) Profitability and profit growth. D) R&D and production. Show Answer Correct Answer: B) Differentiation and low cost. 5. UNIT 2:ABOUT YOUR JOBDirection:Choose the best answer.'Monaco' A) Name. B) Company. C) City. D) Position. Show Answer Correct Answer: C) City. 6. Which Christmas tradition exploded on social media in the 2010s, becoming a multimillion-dollar franchise? A) The Yule Goat. B) The Snowman Parade. C) Elf on the Shelf. D) The Nutcracker Suite. Show Answer Correct Answer: C) Elf on the Shelf. 7. Why is it important to modify existing business principles and practices in international business? A) To understand and adapt to potential differences. B) To adapt to the foreign planet's technology. C) To engage in international business with open eyes. D) To out-compete rivals. Show Answer Correct Answer: A) To understand and adapt to potential differences. 8. ..... means goods that are tangible A) Merchandise. B) Products. C) Import. D) Export. Show Answer Correct Answer: A) Merchandise. 9. Which of the following best defines globalization? A) How businesses or other organizations develop international influence and operate on an international scale. B) The process of removing manufacturing and industrial sites from foreign nations. C) Long periods of recession followed by sharp economic upturn worldwide. D) None of the above. Show Answer Correct Answer: A) How businesses or other organizations develop international influence and operate on an international scale. 10. What is a forward contract? A) Agreement between a firm and a financial institution to trade real estate. B) Agreement between a firm and a financial institution or, between firms to exchange currencies or other assets. C) A contract between a company and a financial institution to buy stocks or bonds. D) An arrangement between a corporation and a financial entity to exchange goods or services. Show Answer Correct Answer: B) Agreement between a firm and a financial institution or, between firms to exchange currencies or other assets. 11. What do you mean by the term of management franchises? A) That it is managed from the regional central offices and will involve the development, management of the network and the coordination of a group of operations for the service or product. B) It is the practice of using the successful business model of another company. C) All the above. D) None of the above. Show Answer Correct Answer: A) That it is managed from the regional central offices and will involve the development, management of the network and the coordination of a group of operations for the service or product. 12. Limits the amount or number of units of products that can be imported to a country. This are worse than import tariffs because when a quota is reached that particular good can no longer be imported or purchased. A) Export Quotas. B) Domestic Content Provision. C) Import Quotas. D) Voluntary Export Restrain. Show Answer Correct Answer: C) Import Quotas. 13. INCOTERMS contain 10 different types of clauses. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 14. A country that lacks ability to logistically transport imports & exports would be concerned with which component of the international business environment? A) Social. B) Environmental. C) Political. D) Economic. Show Answer Correct Answer: D) Economic. 15. What kind of currency is typically used in foreign trade transactions? A) Local currency of the exporting country. B) Foreign currency. C) Cryptocurrency. D) Digital currency. Show Answer Correct Answer: B) Foreign currency. 16. Computers made in China are used by students in the UAE. A) Import. B) Export. C) All the above. D) None of the above. Show Answer Correct Answer: A) Import. 17. What role does cultural diversity play in international business? A) Enhanced creativity and innovation. B) Decreased collaboration. C) Isolation from global markets. D) Reduction in efficiency. Show Answer Correct Answer: A) Enhanced creativity and innovation. 18. This rice cooker is compact, so ..... A) It won't take up a lot of space. B) You should not buy it. C) It is very big. D) It is used to make rice. Show Answer Correct Answer: A) It won't take up a lot of space. 19. Laws designed to prevent companies from fixing prices, sharing markets, and gaining unfair monopoly advantages are called A) Antitrust laws. B) Pro-trust laws. C) Monopoly laws. D) Market-sharing laws. Show Answer Correct Answer: A) Antitrust laws. 20. A trade agreement between Canada, Mexico, and the US A) NAFTA. B) EU. C) WTO. D) ABC. Show Answer Correct Answer: A) NAFTA. 21. When factories moved to Mexico due to the impact of NAFTA, how many jobs in the automobile industry did the USA lose? A) 770 000 jobs. B) 700 000 jobs. C) 800 000 jobs. D) 730 000 jobs. Show Answer Correct Answer: B) 700 000 jobs. 22. How does currency devaluation impact international business? A) It has no impact on international business. B) It leads to a decrease in demand for both domestic and foreign products. C) It makes exports more expensive and imports cheaper. D) It can make exports cheaper and imports more expensive, leading to changes in demand for domestic and foreign products. Show Answer Correct Answer: D) It can make exports cheaper and imports more expensive, leading to changes in demand for domestic and foreign products. 23. Historically, international business A) Is a relatively new concept made possibly by communications technolgy. B) Probably occurred as long as 15, 000 years ago. C) Declined when European countries created colonies on other continents. D) None of these. Show Answer Correct Answer: B) Probably occurred as long as 15, 000 years ago. 24. The most valuable import from Japan to Australia in 2014 was ..... A) Rubber tyres. B) Gold. C) Fuel. D) Passenger vehicles. Show Answer Correct Answer: D) Passenger vehicles. 25. What is the first step when you make Cup Noodle?First, you need to ..... A) Take off the plastic and open the cup. B) Put hot water in the cup. C) Wait three minutes. D) Stir your noodles and enjoy your lunch. Show Answer Correct Answer: A) Take off the plastic and open the cup. ← 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