International Business MCQ with Answers

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Online MCQ Quiz of International Business MCQ with Answers

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International Business

1 / 20

Q: International business does not result in the following

A. innovation is encouraged.

B. international cooperation is encouraged.

C. imports are rendered cheap.

D. consumption is minimized.

2 / 20

Q: Theory of Mercantilism propagates

A. encourage exports and imports

B. encourage exports and discourage imports

C. discourage exports and imports

D. discourage exports and encourage imports

3 / 20

Q: By entering into international business, a firm expects improvement in

A. marketing.

B. all spheres of marketing, operation and finance simultaneously.

C. any or all spheres of marketing, operation and finance.

D. finance only

4 / 20

Q: Business across several countries with some decentralization of management decision making to subsidiaries is

A. global business.

B. multinational business.

C. transnational business.

D. multi-regional business.

5 / 20

Q: ___corporation produces in the home country or in a single country and focuses on marketing these products globally or vice a versa.

A. global

B. international

C. transnational

D. none of the above

6 / 20

Q: Removing barriers or restrictions set by the government is called:

A. liberalisation

B. investment

C. favorable trade

D. free trade

7 / 20

Q: If a German manufacturer of household appliances wants to take advantage of the cheaper labor available in the Czech Republic, which of the following actions will not serve that purpose?

A. build a manufacturing subsidiary there and employ czech workers.

B. build a plant in the czech republic and send all german workers to operate it.

C. license a czech firm to produce its products under its own label.

D. contract for a czech firm to do some of the processing for it.

8 / 20

Q: A multinational is a firm that controls and manages production facilities in

A. both developed and developing countries

B. at least two countries

C. one country but relies on multiple markets for the consumption of goods it produces

D. at least two developed countries and one developing country

9 / 20

Q: The Theory of Relative Factor Endowments is given by

A. david ricardo

B. adam smith

C. c. f w taussig

D. ohlin and hecksher

10 / 20

Q: The first phase of globalization started around 1870 and ended with___

A. world war i

B. world war ii

C. the establishment of gatt

D. in 1913 when gdp was high

11 / 20

Q: Key controllable factors in global marketing are:

A. government policy and legislation

B. social and technical changes

C. marketing activities and plans

D. all of the above.

12 / 20

Q: ___is the payment method most often used in International Trade which offers the exporter bestassurance of being paid for the products sold internationally.

A. bill of lading

B. letter of credit

C. open account

D. drafts

13 / 20

Q: Country A has an absolute advantage in

A. product x

B. product y

C. neither x nor y

D. both x and y

14 / 20

Q: If a nation has an open economy it means that the nation:

A. allows private ownership of capital.

B. has flexible exchange rates

C. has fixed exchange rates

D. conducts trade with other countries

15 / 20

Q: What was the first economic theory of international trade to be developed?

A. the theory of mercantilism

B. the theory of comparative advantage

C. the theory of absolute advantage

D. the heckscher-ohlin theory

16 / 20

Q: International Trade is most likely to generate short-term unemployment in:

A. industries in which there are neither imports nor exports

B. import-competing industries

C. industries that sell to domestic and foreign buyers.

D. industries that sell to only foreign buyers

17 / 20

Q: Transportation cost of trade affects:

A. pattern of trade

B. boundaries between tradable and non-tradable goods

C. global supply chains

D. all of the above

18 / 20

Q: A no-trade world will have which of the following characteristics:

A. countries will have same relative endowments of production factors

B. consumers across countries will have identical and homogenous tastes

C. there will be no distortions or externalities

D. all of the above

19 / 20

Q: The Heckscher- Ohlin model is principally focused on what aspect of economics?

A. international trade

B. supply and demand

C. normative economics

D. production possibility frontier

20 / 20

Q: What are the four factor endowments?

A. national resources, labor, physical capital and human capital

B. types of technology

C. material inputs used up in the Process of production

D. international differences in climate

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