International Business Management Set 1
On This Page
This set of International Business Management (IBM) Multiple Choice Questions & Answers (MCQs) focuses on International Business Management Set 1
Q1 | Trade between two countries can be useful if cost ratios of goods are:
- Undetermined
- Decreasing
- Equal
- Different
Q2 | The term Euro Currency market refers to
- The international foreign exchange market
- The market where the borrowing and lending of currencies take place outside the country of issue
- The countries which have adopted Euro as their currency
- The market in which Euro is exchanged for other currencies
Q3 | Which of the following theories suggests that firms seek to penetrate new markets over time?
- Imperfect Market Theory
- Product cycle theory
- Theory of Comparative Advantage
- None of the above
Q4 | Dumping refers to:
- Reducing tariffs
- Sale of goods abroad at low a price, below their cost and price in home market
- Buying goods at low prices abroad and selling at higher prices locally
- Expensive goods selling for low prices
Q5 | International trade and domestic trade differ because of:
- Different government policies
- Immobility of factors
- Trade restrictions
- All of the above
Q6 | The margin for a currency future should be maintained with the clearing house by
- The seller
- The buyer
- Either the buyer or the seller as per the agreement between them
- Both the buyer and the seller
Q7 | The following statement with respect to currency option is wrong
- Foreign currency- Rupee option is available in India
- An American option can be executed on any day during its currency
- Put option gives the buyer the right to sell the foreign currency
- Call option will be used by exporters
Q8 | Govt. policy about exports and imports is called:
- Commercial policy
- Fiscal policy
- Monetary policy
- Finance policy
Q9 | Which of the following is international trade:
- Trade between countries
- Trade between regions
- Trade between provinces
- Both (b) and (c)
Q10 | Market in which currencies buy and sell and their prices settle on is called the
- International bond market
- International capital market
- Foreign exchange market
- Eurocurrency market
Q11 | ___ Companies are registered in one country, doing business in others.
- Transnational
- Multinational
- Off-shore
- International
Q12 | The difference between interest rates in Russia and Switzerland stands for about ___per annum.
- 10%
- 5%
- 28%
- 40%
Q13 | It refers to the assumptions, values, and practices of people in the West and some elites in Non-Western cultures.
- Universal Culture
- Global culture
- Organizational culture
- All of the above
Q14 | ___ means the high adaptation of managerial practices to a given culture, and, therefore, high effectiveness.
- Fitness for use
- High fit
- Fit and Fine
- Substitution
Q15 | Erez and Gati proposed that the general model of multi-level analysis could be adopted for understanding the dynamics of ___.
- Culture
- Cultural Change
- Multi-Level analysis
- Both a and b
Q16 | State whether it is true or not: “Around the World, wherever you are, get what you want-fast from our family of Web sites.”
- FALSE
- TRUE
- Incomplete
- Cannot say
Q17 | ___ has become a world-leading marketer of toys.
- California
- UAE
- Japan
- China
Q18 | The main benefits for industrial countries would come from the liberalization of their___ market.
- Mine
- Agriculture
- Domestic
- National
Q19 | The non-tariff barriers are:
- Product standards
- Proliferation
- Both a and b
- Product adaptation
Q20 | What is meant by the phrase CSR?
- Corporate Social Responsibility
- Company Social Responsibility
- Corporate Society Responsibility
- Company Society Responsibility
Q21 | What does Milton Friedman believe to be the sole responsibility of business?
- The only social responsibility of business is to its shareholders
- Managers should act in ways that balance the interest of society and shareholders
- The primary responsibility organizations have is to its employees
- The primary responsibility organizations have is to its stakeholder
Q22 | What is the enlightened self-interest model of CSR?
- That it is in an organization's own best interest to put itself first rather than its ethics
- That it is in an organization's best interest to consider what a shareholder would want
- That it is in an organization's own best interest to act in an ethical way
- That it is in an organization's own best interest to follow the legislation and abide by the law.
Q23 | What does the importance of ethical behaviour, integrity and trust call into question?
- The extent to which managers should attempt to change the underlying beliefs and values of individual followers
- Who does what
- What we do next
- None of these
Q24 | Which of the following would most effectively act as the primary objective of a business organisation?
- To make a profit
- To procure resources
- To communicate with shareholders
- To mediate between the organisation and the environment
Q25 | Which of the following does the term Corporate Social Responsibility relate to?
- Ethical conduct
- Environmental practice
- Community investment
- All of the above