Business Environment and International Business MCQ Questions and Solutions with Explanations

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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-5 section-4

Each section contains 100 MCQs on Business Environment and International Business .

The trade theory of absolute advantage was developed by

A) Haberler B) David Ricardo C) Adam Smith D) Alfred Marshall

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

Globalisation can create problems for business because

A) it increases vulnerability to political risk and uncertainty when operating abroad B) it means that they can increase prices C) it can result in more competition D) All of the above

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

Maximization of which of the following should be the main aim of the private organization?

A) Profitability B) Profit C) Social welfare D) Employee welfare

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

International trade theory which provides that capital intensive country should export labour intensive goods and import capital goods is referred to as

A) Leontief Paradox B) Heckscher-Ohlin Theory C) Mercantilism Theory D) Theory of Comparative Advantage

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board

Industry boundaries are blurring at an incredible rate as companies are recognizing that the new opportunities lie at the intersection of two or more industries, it is called:

A) Globalization B) Customization C) Industry convergence D) Acquisition

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

Tax jurisdiction is an example of which environment factor?

A) Social B) Economic C) Political D) Legal

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

DFEC stands for:

A) Direct Foreign Exchange Control B) Direct Finance Exchange Control C) Duty Free Export Credit D) Duty Free Exchange Credit

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

According to Charles Brady at Wellington, the main focus of corporate social responsibility should be

A) providing employees with good jobs and the opportunity to develop B) giving part of the company's profits to worthy charities C) providing free training to local schools and universities D) making sure the company is as 'green' as possible

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

The World Bank is owned by

A) member countries B) United States of America C) Both A and B D) Neither A nor B

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

World Bank grant loans from

A) own funds B) borrowed funds C) by guaranteeing in whole or part loans made by private investors through the investment channels D) All of the above

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

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