Business Environment and International Business MCQ Questions and Solutions with Explanations

Business Environment and International Business MCQ Questions and Solutions with Explanations | Commerce

Business Environment and International Business MCQ Questions and answers with easy and logical explanations. Commerce provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Business Environment and International Business MCQ is important for exams like B.COM, M.COM, BBA, BBM, CA, CS, CMA, CPA, CFA, UPSC, NET, Banking and other commerce department exam. Page-10 section-1

Which of the following are sources of ethics?
1. Religion
2. Legal system
3. Economic system
4. Culture
5. Family system
Select the correct answer:

A) 1, 2, 3 and 5 B) 1, 2 and 4 C) 1, 4 and 5 D) All of the above

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Answer & Solution

Answer: Option C

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Assertion (A): Internal factors of business environment are controllable factors.
Reason (R): The company can alter or modify such factors to suit the environment.

A) Both (A) and (R) are true B) (A) is correct, but (R) is false C) Both (A) and (R) are false D) (A) is false, but (R) is true

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Answer & Solution

Answer: Option A

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In the context of globalisation,'Levitt Thesis' means

A) Standardisation strategy to respond to the worldwide homogenised market and expand the market through aggressive low pricing B) Customise products to regional markets C) Customise products to meet the national markets D) None of the above

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Answer & Solution

Answer: Option A

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Which of the following can be referred as external factors affecting a business environment?

A) Controllable factors B) Uncontrollable factors C) Relevant factors D) Global factors

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Answer & Solution

Answer: Option B

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Which one among the following is not a part of TRIPS agreement?

A) Industrial Design B) Geographical Indications C) Interior Design D) Layout Designs of Integrated Circuits

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Answer & Solution

Answer: Option C

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When a company takes over another one and clearly becomes a new owner, the action is called

A) Merger B) Acquisition C) Strategic alliance D) None of the above

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Answer & Solution

Answer: Option B

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Match List-I with List-II and select the correct answer:

List I	List II
a. Supply side of international trade	1. David
b. Demand side of international trade	2. Bastable and Alfred Marshall
c. Opportunity cost international trade	3. G. Haberler
d. Real cost theory of international trade	4. Alfred Marshall and Edgeworth

A) a-1, b-4, c-2, d-3 B) a-1, b-4, c-3, d-2 C) a-4, b-1, c-2, d-3 D) a-4, b-1, c-3, d-2

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Answer & Solution

Answer: Option B

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Which one is not an element of internal environment?

A) Marketing capability B) Operational capability C) Money and capital market D) Personnel capability

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Answer & Solution

Answer: Option C

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International trade is theoretically based on which principle?

A) Theory of comparative advantage B) Theory of absolute advantage C) Both A and B D) None of the above

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Answer & Solution

Answer: Option A

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100

Consumer attitudes and beliefs about diet, health and nutrition are infuenced by

A) Economic environment B) Cultural environment C) Social environment D) Natural environment

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Answer & Solution

Answer: Option B

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