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International Business

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

The Theory of Absolute Cost Advantage is given by

a)

Adam smith

b)

D. Richardo

c)

Raymond Varnoon

d)

Porter

2.

Imitative theory is a theory of

a)

FDI

b)

International trade

c)

Foreign exchange

d)

Export

3.

Knickerbocker's theory suggests that much FDI is explained by imitative behavior by rival firms in an .................... industry

a)

monopolistic

b)

oligopolistic

c)

plastic

d)

perfectly competitive

4.
If your main method of transportation is by boat and air travel for your business, which of the following should you consider?
a)
Geography of the country
b)
Culture & Customs of the people
c)
Economic Development
d)
Political/Legal Concerns
5.
All of the following are benefits of international business except
a)
expanded business opportunities
b)
increased sources of raw materials
c)
decreased competition
d)
improved political relationships
6.

The process of rapid integration or interconnection between countries through free trade, free mobility of capital and labour is called

a)

Foreign trade

b)

Liberalisation

c)

Globalisation

d)

Privatisation

7.

Which type of multinational enterprise combines global efficiency with local responsiveness, integrating operations while also adapting to local market needs?

a)

Multidomestic firm

b)

Global firm

c)

Transnational firm

d)

Regional firm

8.

Which type of multinational enterprise focuses on achieving efficiencies through global integration and offers standardized products across international markets?

a)

Multidomestic firm

b)

Multinational firm

c)

Global firm

d)

Transnational firm

9.

Which type of multinational enterprise operates in multiple countries but adapts its products and services to fit local markets, often with decentralized decision-making?

a)

Multidomestic firm

b)

Multinational firm

c)

Global firm

d)

Transnational firm

10.

IBRD head office is at

a)

Washington

b)

Paris

c)

Newyork

d)

India

11.

THE WORLD BANK WAS FORMED IN THE YEAR _______.

a)

1944

b)

1945

c)

1946

d)

1947

12.

When two or more firms come together to create a new business entity that is legally separate and distinct from its parents it is known as

a)

contract manufacturing

b)

Franchising

c)

Joint ventures

d)

Licensing

13.

Which is the right sequence of a stages of Internationalization

a)

Domestic, Transnational, Global, International, Multinational

b)

Domestic, International, Multinational, Global, Transnational

c)

Domestic, Multinational, International, Transnational, Global

d)

Domestic, International, Transnational, Multinational, Global

14.

Capitalistic, communistic and mixed are the types of

a)

Political system

b)

Economic system

c)

Social system

d)

Cultural attitude

15.

The Theory of Relative Factor Endowments is given by

a)

Ohilin-Hecksher

b)

D. Richardo

c)

Richardo

d)

Porter