Self Studies

International Business Test - 1

Result Self Studies

International Business Test - 1
  • Score

    -

    out of -
  • Rank

    -

    out of -
TIME Taken - -
Self Studies

SHARING IS CARING

If our Website helped you a little, then kindly spread our voice using Social Networks. Spread our word to your readers, friends, teachers, students & all those close ones who deserve to know what you know now.

Self Studies Self Studies
Weekly Quiz Competition
  • Question 1
    1 / -0

    Trade between people of many countries is called as ______.

    Solution

    International trade is the exchange of capital, goods, and services across international borders or territories. It is the exchange of goods and services among nations of the world.

     

  • Question 2
    1 / -0

    W.T.O is the only organization dealing with the:

    Solution

    The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations.

     

  • Question 3
    1 / -0

    Permitting another party in a foreign country to produce and sell goods under your trademarks, patents or copy rights in lieu of some fee is another way of entering into international business. This is through _________

    Solution

    Under a franchise, the owner (franchisor) retains control of the brand and licenses (that is, grants permissions to) the franchise to use its successful business model and brand. In exchange, the franchisee puts up the initial capital for the business, helps to promote the brand and pays a licenses.

     

  • Question 4
    1 / -0

    Outsourcing a part of or entire production and concentrating on marketing operations in international business is known as

    Solution

    Contract manufacturing is a type of outsourcing in international business where a firm enters into a contract with a single or a few local manufacturers in foreign countries to get certain components or goods produced as per its given specifications. 

     

  • Question 5
    1 / -0

    To avoid disputes exchanges rates are fixed in advance preferably at time of:

    Solution

    The import order should be carefully drafted so as to avoid any ambiguity and conseqdent conflict between the importer and exporter.

     

  • Question 6
    1 / -0

    Which one of the following is not a part of export documents?

    Solution

    Bill of entry is not a part of export documents. Bill of entry An account of goods entered at a customhouse, of imports and exports, detailing the merchant, quantity of goods, their type, and place of origin or destination. It is issued by the customs presenting the total assigned value and the corresponding duty charged on the cargo.

     

  • Question 7
    1 / -0

    Import trade procedure starts with______________.

    Solution

    Trade enquiry is a written request by an importer to the exporter for supply of required information. Import trade procedure starts with Trade enquiry.

     

  • Question 8
    1 / -0

    Which of the following is not an advantage of exporting?

    Solution

    The firms which are engaged in exporting activities generally work primary in their domestic nation so it is understood that they have a limited presence in foreign market that signifies their disadvantage in foregin market not advantage. 

     

  • Question 9
    1 / -0

    In which of the following modes of entry, does the domestic manufacturer give the right to use intellectual property such as patent and trademark to a manufacturer in a foreign country for a fee

    Solution

    Licensing refers to permitting another party in a foreign country to produce and sell goods under trademarks. patents or copy rights in lieu of some fee. Example: Lay's are produced and sold all over the world by local retailers in foreign countries through licensing. 

     

  • Question 10
    1 / -0

    The document containing the guarantee of a bank to honour drafts drawn on it by an exporter is _____

    Solution

    A letter of credit is a guarantee issued by the importer's bank that it will honour up to a certain amount the payment of export bills to the bank of the exporter. 

     

Self Studies
User
Question Analysis
  • Correct -

  • Wrong -

  • Skipped -

My Perfomance
  • Score

    -

    out of -
  • Rank

    -

    out of -
Re-Attempt Weekly Quiz Competition
Self Studies Get latest Exam Updates
& Study Material Alerts!
No, Thanks
Self Studies
Click on Allow to receive notifications
Allow Notification
Self Studies
Self Studies Self Studies
To enable notifications follow this 2 steps:
  • First Click on Secure Icon Self Studies
  • Second click on the toggle icon
Allow Notification
Get latest Exam Updates & FREE Study Material Alerts!
Self Studies ×
Open Now