Business Environment and International Business MCQ Questions and Solutions with Explanations

Section 1 Section 2 Section 3 Section 4 Section 5 Section 6 Section 7

41.
The trade theory of absolute advantage was developed by

A. Haberler

B. David Ricardo

C. Adam Smith

D. Alfred Marshall

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42.
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

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43.
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

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44.
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

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45.
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

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46.
Tax jurisdiction is an example of which environment factor?

A. Social

B. Economic

C. Political

D. Legal

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47.
DFEC stands for:

A. Direct Foreign Exchange Control

B. Direct Finance Exchange Control

C. Duty Free Export Credit

D. Duty Free Exchange Credit

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48.
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

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49.
The World Bank is owned by

A. member countries

B. United States of America

C. Both A and B

D. Neither A nor B

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50.
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

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

41. The trade theory of absolute advantage was developed by

Answer & Solution

42. Globalisation can create problems for business because

Answer & Solution

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

Answer & Solution

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

Answer & Solution

45. 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:

Answer & Solution

46. Tax jurisdiction is an example of which environment factor?

Answer & Solution

47. DFEC stands for:

Answer & Solution

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

Answer & Solution

49. The World Bank is owned by

Answer & Solution

50. World Bank grant loans from

Answer & Solution

Read More Section(Business Environment and International Business)

41.
The trade theory of absolute advantage was developed by

42.
Globalisation can create problems for business because

43.
Maximization of which of the following should be the main aim of the private organization?

44.
International trade theory which provides that capital intensive country should export labour intensive goods and import capital goods is referred to as

45.
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:

46.
Tax jurisdiction is an example of which environment factor?

47.
DFEC stands for:

48.
According to Charles Brady at Wellington, the main focus of corporate social responsibility should be

49.
The World Bank is owned by

50.
World Bank grant loans from