This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 97 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 97 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Free trade is ..... A) The ability for countries to trade with one another without restrictions. B) The ability for countries to trade with one another with restrictions. C) The ability for countries to trade with one another with MANY restrictions. D) Countries can't trade with each other. Show Answer Correct Answer: A) The ability for countries to trade with one another without restrictions. 2. What are the two types of international distribution channels discussed in the material? A) Direct versus indirect. B) Standard versus country-specific. C) Push versus pull. D) Global versus regional. Show Answer Correct Answer: A) Direct versus indirect. 3. The Dutchman would experience that there is a weaker hierarchy in this country than in his own country. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 4. The negotiating team should not be too large, it should not exceed ( ). A) 4. B) 5. C) 6. D) None of the above. Show Answer Correct Answer: B) 5. 5. Climate and terrain are two examples of ..... conditions that influence international business. A) Geographic. B) Economic. C) Political and legal. D) Cultural and social. Show Answer Correct Answer: A) Geographic. 6. What are the implications of globalization for local businesses? A) Globalization has no impact on local businesses whatsoever. B) Globalization restricts local businesses to their regional markets. C) Globalization increases competition but also offers access to larger markets for local businesses. D) Globalization eliminates competition for local businesses. Show Answer Correct Answer: C) Globalization increases competition but also offers access to larger markets for local businesses. 7. The Foreign Exchange Regulation Act (FERA) was legislation passed in India during ..... A) 1993. B) 1983. C) 1973. D) 2003. Show Answer Correct Answer: C) 1973. 8. How does favorable geography contribute to a country's economic development? A) It limits a country's ability to engage in trade. B) It encourages trade and market-based economic growth. C) It leads to higher government control of markets. D) It reduces the need for investment in infrastructure. Show Answer Correct Answer: B) It encourages trade and market-based economic growth. 9. Corporate social responsibility (CSR) is a concept that can contribute to successful business operations by: A) Enhancing a company's reputation and building customer trust. B) Focusing solely on maximizing short-term profits. C) Ignoring environmental and social concerns. D) Reducing employee engagement and morale. Show Answer Correct Answer: A) Enhancing a company's reputation and building customer trust. 10. What is one key risk of FDI? A) Lack of access to international markets. B) Over-reliance on domestic sales. C) Political instability and regulation. D) None of the above. Show Answer Correct Answer: C) Political instability and regulation. 11. How does the EU's Single Market benefit businesses? A) By limiting access to foreign goods. B) By promoting the free flow of goods and services. C) By encouraging higher trade tariffs. D) None of the above. Show Answer Correct Answer: B) By promoting the free flow of goods and services. 12. Which model of internationalization explains that this is a process with stages in engagement in foreign markets: A) SIMULTAN. B) NETWORK. C) UPPSALA. D) COASE. Show Answer Correct Answer: C) UPPSALA. 13. A company that invests in a controlling interest in a foreign company is best described as engaging in which of the following? A) International investment. B) Foreign portfolio investment. C) Foreign indirect investment. D) Foreign direct investment. E) None of the answers are correct. Show Answer Correct Answer: D) Foreign direct investment. 14. Apa yang dimaksud dengan arsitektur organisasi dalam konteks bisnis internasional? A) Desain fisik bangunan perusahaan. B) Struktur organisasi dan elemen-elemen pendukungnya. C) Proses pemasaran dan penjualan di pasar global. D) Pengaturan tugas dan tanggung jawab di unit bisnis internasional. Show Answer Correct Answer: B) Struktur organisasi dan elemen-elemen pendukungnya. 15. What is a key economic factor that impacts global trade? A) Exchange rates. B) Government taxes. C) Legal disputes. D) None of the above. Show Answer Correct Answer: A) Exchange rates. 16. What is the nature of a WTO ruling? A) A recommendation but not an order. B) A legally binding order. C) A financial penalty. D) A trade agreement. Show Answer Correct Answer: A) A recommendation but not an order. 17. A tariff and import quota will both ..... A) Increase the quantity of imports and raise domestic price. B) Increase the quantity of imports and lower the domestic price. C) Reduce the quantity of imports and raise the domestic price. D) Reduce the quantity of imports and lower the domestic price. Show Answer Correct Answer: C) Reduce the quantity of imports and raise the domestic price. 18. Which index is calculated as the sum of squared market shares of all players in a market? A) Price Index. B) Herfindahl-Hirschman Index. C) Consumer Price Index. D) Market Growth Index. Show Answer Correct Answer: B) Herfindahl-Hirschman Index. 19. Why might a successful watchmaker want to expand into interplanetary markets? A) To decrease the overall cost of producing watches. B) To acquire resources and knowledge from the foreign planet. C) To reduce risks by expanding beyond Earth. D) To compete against Rolex at an intergalactic level. Show Answer Correct Answer: C) To reduce risks by expanding beyond Earth. 20. What is the World Trade Organization (WTO)? A) A cooperative banking institution with 189 member countries. B) An international bank that makes short-term loans. C) A powerful successor to GATT that facilitates world trade. D) An independent agency of the U.S. government. Show Answer Correct Answer: C) A powerful successor to GATT that facilitates world trade. 21. Apa dampak dari regional economic integration terhadap investasi asing langsung? A) Menurun. B) Meningkat. C) Tidak berpengaruh. D) Tergantung pada negara yang terlibat. E) Tidak ada jawaban yang benar. Show Answer Correct Answer: B) Meningkat. 22. The total value added from domestic and foreign sources claimed by residents of a country. A) Gross Domestic Product. B) Purchasing Power Parity. C) Gross National Product. D) International Monetary Fund. Show Answer Correct Answer: C) Gross National Product. 23. What is a price leader in an industry? A) A firm that follows the prices set by competitors. B) A firm that has a dominant market share and sets 'acceptable' prices and margins. C) A firm that only sells at the lowest price. D) A firm that avoids competition. Show Answer Correct Answer: B) A firm that has a dominant market share and sets 'acceptable' prices and margins. 24. How has the internet impacted international business? A) It has made international business opportunities more limited. B) It has made international business opportunities more expensive. C) It has expanded international business opportunities. D) It has made international business opportunities more difficult. Show Answer Correct Answer: C) It has expanded international business opportunities. 25. WTO was established on: A) 1st July 1995. B) 1st Jan 1995. C) 1st April 1995. D) None of these. Show Answer Correct Answer: B) 1st Jan 1995. ← 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