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IBM

Total questions: 35

Worksheet time: 18mins

Name
Class
Date
1.

IBM Stands for

a)

International business management

b)

International business marketing

c)

International business model

2.

GATT Stands for

a)

General agreement on tariffs and trade

b)

General agreement on trade and taxes

c)

General agreement on

trade and transport

3.

IMF Stands for

a)

International monitoring funds

b)

International marketing funds

c)

International monetary funds

4.

How many types of FDI

a)

6

b)

4

c)

8

5.

GATT Started in

a)

1945

b)

1949

c)

1947

d)

1944

6.

FDI Can be in the form of

a)

Greenflow investment

b)

Greenfield investment

c)

Initial investment

7.

Globalization is beneficial for firms because

a)

It protects them against foreign competition

b)

It opens up new market opportunities

c)

It increases the risk and uncertainty of operating in a globalizing world economy.

8.

Liberalization means

a)

Reducing number of reserved industries from 17 to 8

b)

Liberating the industry, trade and economy from unwanted restrictions

c)

Free determination of interest rates

9.

When was WTO (World Trade Organization) established?

a)

1948

b)

1995

c)

1995

10.

According to this theory, the holdings of a country's treasure primarily in the form of gold constituted its wealth

a)

Ohlin and Heckscher

b)

F W Taylor

c)

Adam Smith

11.

The ————company produces, markets, invests and operates across the world

a)

Multinational

b)

Transnational

c)

International

12.

______is the first step in the internationalization process.

a)

License

b)

Export

c)

Foreign Investment

13.

When was GATT replaced by WTO

a)

1995

b)

1997

c)

1992

14.

Mercantilism theory was given by

a)

David Hume

b)

Thomas Mann

c)

Adam Smith

15.

Concentrated marketing does not involve

a)

Micro targeting marketing

b)

Multi segment marketing

c)

Niche Marketing

16.

FDI Stands for

a)

Foreigns direct investment

b)

Foreign direct investments

c)

Foreign directs investment

17.

Which year has high GDP after world war

a)

1918

b)

1913

c)

1920

18.

A contractual agreement that involves grant of right by I party to use technology, trademark and patents in reten far agred payment for a catain period of time.

a)

Joint venture

b)

Liensing

c)

Franchising

19.

Setting up a wholly owned new firm in the foreigs land is otherwise called as

a)

Green Field venture

b)

Brown Field venture

c)

Contract manufactering

20.

An economic theory where the gout. sells to regulate

the economy and trade in older to promote

domestic trade- offten at the expense of other countries

a)

MERCHANTILISM

b)

Absolute aduantage theory

c)

Product life cycle

21.

who is the father of Absolute adwantage theory?

a)

Adam Smith

b)

Michael Porter

c)

David Ricarolo

22.

PLC consists of how many phases (product bared)

a)

5

b)

3

c)

4

23.

In the following which one is not a feature of capitalistic economy?

a)

profit orientation

b)

competition

c)

Strategic acquisition

24.

In the following which one is in concentrates marketing

a)

content marketing

b)

Micro targeting

c)

multisegment marketing

25.

Which investment occurs when a firm invest directly in a new facilities to produce or market in a foreign country

a)

international funds

b)

Foreign direct investment

c)

Foriegn assets

26.

Types of politics include democrazy, political rights and civil liberty, theocrazy and ____?

a)

monarchies

b)

authoritarian

c)

Totalitarianism

27.

Which one is not a stage of internalisation?

a)

multinational company

b)

national business

c)

international company

28.

Social and cultural factors which affect international business?

a)

human resource

b)

marriage

c)

investment

29.

___ is a mode to enter international business

a)

stock

b)

importing

c)

joint venture

30.

Is Political risk barrier or advantage to IB?

a)

advantage

b)

Barrier

c)

Benefit

31.

corruption is an __to IB

a)

advantage

b)

benefit

c)

disadvantage

32.

High cost of transportation is drivers of:

a)

Domestic business

b)

International business

c)

Business Trade

33.

which is not economic factor

a)

Communication

b)

Natural resources

c)

law

34.

which economic system is practiced in India

a)

Mixed

b)

capitalist

c)

Communist

35.

Globalization means that world trade and financial markets are becoming more integrated.’

a)

True

b)

False