This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 96 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 96 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. List two major purposes of supply chain management. A) Improving efficiency and enhancing customer service. B) Increasing product prices and reducing quality. C) Limiting supplier relationships and increasing inventory costs. D) Focusing only on marketing and ignoring logistics. Show Answer Correct Answer: A) Improving efficiency and enhancing customer service. 2. The currency exchange rate is constantly changing. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 3. If the Indent is incomplete, it shall be called as ..... A) Open Indent. B) Closed Indent. C) Shipping Order. D) Shipping Bill. Show Answer Correct Answer: A) Open Indent. 4. Learning effects: A) Tend to be less significant when a technologically complex task is repeated. B) Will be less significant in an assembly process involving 1, 000 complex steps than in one of only 100 simple steps. C) Typically disappear after a while, in spite of the complexity of the task. D) Are more significant after two or three years of the introduction of a new process. Show Answer Correct Answer: C) Typically disappear after a while, in spite of the complexity of the task. 5. Which Hofstede dimension distinguishes societies based on their preference for achievement, assertiveness, and material success versus nurturing and quality of life? A) Individualism-Collectivism. B) Power Distance. C) Masculinity-Femininity. D) Long-term Orientation. Show Answer Correct Answer: C) Masculinity-Femininity. 6. An exporter demands ..... from an importer for the satisfaction about the payment. A) Letter of Credit. B) Bill of Exchange. C) Advance Payment. D) Foreign Currency. Show Answer Correct Answer: A) Letter of Credit. 7. What is franchising? A) It is the practice of using the successful business model of another company. B) International agreements on foreign direct investment. C) All the above. D) None of the above. Show Answer Correct Answer: A) It is the practice of using the successful business model of another company. 8. In a ..... area, barriers to trade among member countries are removed, and a common external trade policy is adopted A) Free trade. B) Customs union. C) Common market. D) Economic union. Show Answer Correct Answer: B) Customs union. 9. ..... is explained in the Indent. A) Name of goods. B) Quality of goods. C) Price of goods. D) All of the above. Show Answer Correct Answer: D) All of the above. 10. What does the term "International Marketing" refer to? A) Marketing within a single country. B) Marketing across national borders. C) Marketing of local products only. D) Marketing of digital products only. Show Answer Correct Answer: B) Marketing across national borders. 11. Which of the following is a macro political risk? A) Government takeover of property. B) Civil disorder affecting a single firm. C) Trade restrictions on specific companies. D) Changes in local tax laws. Show Answer Correct Answer: A) Government takeover of property. 12. Involves selling a good or service in another country with a limited adaptation, there's no need to invest in factories A) Foreign Direct Investment. B) Exporting. C) Licensing. D) Joint Venture. E) Internet. Show Answer Correct Answer: B) Exporting. 13. What are some of the disadvantages of contract manufacturing? A) Loss of control over the manufacturing process. B) Potential for quality issues. C) Dependence on the contract manufacturer. D) All of the above. Show Answer Correct Answer: D) All of the above. 14. Fill in the blankWhat is definition of "Strategic management" ?"The management of an organization's ..... to achieve its goals and objectives" A) Resources. B) Opportunities. C) Unpredictable risks. D) Challenges. Show Answer Correct Answer: A) Resources. 15. When countries join together to eliminate duties and other trade barriers, allow companies to invest freely in each other's country, and allow workers to move freely across borders, they are said to have A) Free-Trade Zones. B) Most favored nation status. C) A free trade agreement. D) A common market. Show Answer Correct Answer: A) Free-Trade Zones. 16. What are the two major trends in the global macro environment in recent years? A) Increased trade barriers and price controls. B) Higher taxes and stricter intellectual property regulations. C) Lower trade barriers and permission for 100% foreign ownership. D) Slower growth and bans on foreign direct investment. Show Answer Correct Answer: C) Lower trade barriers and permission for 100% foreign ownership. 17. UNIT 3:ABOUT WHERE YOU WORK'dialogue'A:There are some good restaurants in Walking Street.B:What's the ..... ? A) Address. B) Basement. C) Nearby. D) None of the above. Show Answer Correct Answer: A) Address. 18. The term 'Bretton Woods Twins' refers to which pair of institutions? A) OECD and BIS. B) World Bank and WTO. C) WTO and UNCTAD. D) World Bank and IMF. Show Answer Correct Answer: D) World Bank and IMF. 19. Which of the following provides subsidies & benefits to exporter? A) IEC No. B) RCMC. C) Certificate of Origin. D) None of these. Show Answer Correct Answer: B) RCMC. 20. Silk is a product created by what type of resource? A) Labor. B) Capital. C) Land. D) None of the above. Show Answer Correct Answer: C) Land. 21. This types of decision is made based on economic logic without consideration for ethics. A) Leadership. B) Personal ethics. C) Decision making process. D) Organozational Culture. Show Answer Correct Answer: C) Decision making process. 22. Wal-Mart makes bulk purchases from its vendors and hence it is able to get better deals than its competitors. This allows Wal-Mart to offer greater discounts to its customers. In this case, Wal-Mart benefits from ..... A) First mover advantage. B) Constant marginal returns. C) Economies of scale. D) Absolute advantage of production. Show Answer Correct Answer: C) Economies of scale. 23. What distinguishes tacit collusion from explicit collusion? A) Tacit collusion involves direct negotiation, while explicit collusion is indirect. B) Tacit collusion involves indirect coordination, while explicit collusion involves direct negotiation. C) Both involve direct negotiation. D) Both involve indirect coordination. Show Answer Correct Answer: B) Tacit collusion involves indirect coordination, while explicit collusion involves direct negotiation. 24. Which method involves asking buyers questions to gather information? A) Environmental Scanning. B) Trade Shows. C) Surveys. D) Focus Groups. Show Answer Correct Answer: C) Surveys. 25. To focus on producing one thing to improve productivity is known as A) International Trade. B) Specilisation. C) Absolute Advantage. D) Supply and Demand. Show Answer Correct Answer: B) Specilisation. ← 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