This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 99 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 99 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. UNIT 1:ABOUT YOUDIALOGUEA:Hi, ..... B:It's nice to meet you, Tina. A) I'm Tina Awola. B) I'm your manager. C) I'm your supervisor. D) I'm Amanda Awola. Show Answer Correct Answer: A) I'm Tina Awola. 2. A global standardization strategy makes most sense when cost pressures are intense and demands for local responsiveness limited, conversely a localization strategy makes most sense when demand for local responsiveness are high but cost pressures are moderate or low. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 3. Domestic and international businesses differ in respect of the nationalities of the other stakeholders A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 4. Apa tujuan dari regional economic integration? A) Meningkatkan perdagangan internasional. B) Meningkatkan persaingan antar negara. C) Meningkatkan pengaruh politik negara-negara yang terlibat. D) Meningkatkan keamanan nasional negara-negara yang terlibat. E) Meningkatkan keuntungan bagi negara-negara yang terlibat. Show Answer Correct Answer: A) Meningkatkan perdagangan internasional. 5. Starbucks decided to enter the Japanese market via a joint venture with a Japanese company because: A) It wanted to leverage local expertise and cultural understanding. B) It was required by Japanese law. C) It was the only way to enter the market. D) It wanted to avoid competition. Show Answer Correct Answer: A) It wanted to leverage local expertise and cultural understanding. 6. Tienphong Bank is a/an A) Multidomestic company. B) Global company. C) Domestic company. D) Foreign business. Show Answer Correct Answer: D) Foreign business. 7. Which Christmas product caused worldwide shortages in 2014 and became a supply-chain case study? A) Hatchimals. B) PlayStation 4. C) Frozen Elsa dolls. D) GoPro cameras. Show Answer Correct Answer: C) Frozen Elsa dolls. 8. A good is a ..... product that you can see and touch. A) Imitation. B) Physical. C) Imaginary. D) Spiritual. Show Answer Correct Answer: B) Physical. 9. Which of the following is the main principle of mercantilism? A) Protection of domestic industries is not essential for a nation's welfare. B) Government intervention is not required in global trade. C) Countries should encourage absolute free trade. D) It is in a country's best interests to maintain a trade surplus. Show Answer Correct Answer: D) It is in a country's best interests to maintain a trade surplus. 10. A global dependency exists when A) Massive crop failures require buying food from another country. B) A country buys tools from another country because it does not have the technology to make the tools. C) Doctors travel to another country to provide healthcare because there is a shortage of medically-trained professionals in that country. D) All of these. Show Answer Correct Answer: D) All of these. 11. It refers to the systematic reductions in production costs that have been observed to occur over the life of a product. A) Learning effects. B) Economies of scale. C) . Experience curve. D) A Global web. Show Answer Correct Answer: C) . Experience curve. 12. What is the process of selling goods and services to foreign markets known as? A) Importing. B) Trading. C) Exporting. D) Exchanging. Show Answer Correct Answer: C) Exporting. 13. Which of the following is not an example of straw mans approaches. A) Righteous moralist. B) Naive immoralist. C) Cultural relativism. D) Utilitarian Approach. Show Answer Correct Answer: D) Utilitarian Approach. 14. Why might a successful watchmaker want to start selling watches on a foreign planet? A) To compete against Rolex at an intergalactic level. B) To decrease the overall cost of producing watches. C) To reduce risks by expanding beyond Earth. D) To acquire resources and knowledge from the foreign planet. Show Answer Correct Answer: D) To acquire resources and knowledge from the foreign planet. 15. How do tariffs in certain industries affect developing countries in WTO negotiations? A) They may have comparative advantages in those industries. B) They lose all trade opportunities. C) They gain exclusive rights to trade. D) They are exempt from all tariffs. Show Answer Correct Answer: A) They may have comparative advantages in those industries. 16. Which of the following ensures that only good quality products are exported from the country? A) Pre shipment Finance. B) Pre shipment Inspection. C) Certificate of origin. D) Profoma Invoice. Show Answer Correct Answer: B) Pre shipment Inspection. 17. A cultural idea that describes a regular, patterned behavior that is considered characteristic of life in a social system. A) Customs. B) Beliefs. C) Culture. D) Cultural Norms. Show Answer Correct Answer: A) Customs. 18. What is the meaning of Demand Conditions? A) How much the company pays. B) What local consumers want. C) Weather and beaches. D) Where factories are built. Show Answer Correct Answer: B) What local consumers want. 19. Which country celebrates "Noche de las Velitas" by lighting candles and lanterns in the streets? A) Chile. B) Colombia. C) Spain. D) Guatemala. Show Answer Correct Answer: B) Colombia. 20. UNIT 1:ABOUT YOUDIALOGUEA:I'm sorry. B:That's ..... A) Good. B) Great. C) Okay. D) Nice. Show Answer Correct Answer: B) Great. 21. Bank charges A) Servicios bancarios. B) Declaracion bancaria. C) Cargos bancarios. D) None of the above. Show Answer Correct Answer: C) Cargos bancarios. 22. Trade between two or more than two countries is known as ..... A) Internal Business. B) External trade. C) International Trade. D) Unilateral Trade. Show Answer Correct Answer: C) International Trade. 23. One of the major disadvantages of sole proprietorships is unlimited liability. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 24. What are the benefits of cross-border mergers and acquisitions? A) Increased market access, diversification, competitive advantage, synergies, knowledge transfer, and access to new technologies. B) Reduced operational costs. C) Limited geographical reach. D) Increased regulatory hurdles. Show Answer Correct Answer: A) Increased market access, diversification, competitive advantage, synergies, knowledge transfer, and access to new technologies. 25. Benefits of Trade and Foreign Direct Investment include: A) Economic growth and job creation. B) Increased trade barriers. C) Reduced access to global markets. D) Decreased foreign capital inflow. Show Answer Correct Answer: A) Economic growth and job creation. ← 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