International Business Quiz Questions Part- I
Embark on a journey of global exploration with our "International Business Questions Part I Quiz." This comprehensive test navigates through four topical standards, including International Business Vocabulary and Definitions (Standard I), Examples of International Trade Locally (Standard II), Impact of Geography on International Business (Standard III), and International Business Careers (Standard IV).
Dive into this quiz to broaden your knowledge across these standards, testing your understanding of key concepts essential to navigating the complexities of the international business landscape. Challenge yourself, unravel the intricacies of global commerce, and prepare for a deeper dive into the dynamic world of international business Read morein subsequent quizzes.
Questions and Answers
- 1.
The process of using natural resources, materials, or finished products to satisfy human wants or needs is called.... (Standard I-International Business Vocabulary and Definitions)
- A.
Consumption
- B.
Resources
- C.
Trade
- D.
Export
Correct Answer
A. ConsumptionExplanation
Consumption refers to the process of using natural resources, materials, or finished products to satisfy human wants or needs. It involves the utilization and utilization of resources for personal or societal purposes. This can include the use of goods and services for personal enjoyment, as well as the utilization of resources in the production of goods and services for economic purposes. Consumption plays a crucial role in the economy as it drives demand, production, and economic growth.Rate this question:
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- 2.
A way to measure the impact of a person, product, or process on Earth’s climate; it refers to the amount of greenhouse gases released is called what? (Standard I-International Business Vocabulary and Definitions)
- A.
Human footprint
- B.
Imports
- C.
Tariffs
- D.
Exports
Correct Answer
A. Human footprintExplanation
The term "human footprint" refers to a way of measuring the impact that a person, product, or process has on Earth's climate. It specifically focuses on the amount of greenhouse gases that are released.Rate this question:
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- 3.
On every coin or banknote, there is a denomination. What does denomination mean? (Standard I-International Business Vocabulary and Definitions)
- A.
What religion that country is
- B.
How much it is worth in numbers
- C.
The date when they made it
- D.
The conversion rate
Correct Answer
B. How much it is worth in numbersExplanation
Denomination refers to the monetary value or worth of a coin or banknote. It indicates the specific value assigned to the currency, allowing individuals to determine its purchasing power or exchange rate. The denomination is crucial for conducting financial transactions and calculating the value of money in a particular currency.Rate this question:
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- 4.
Some coins are minted in color.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
Some coins are minted in color means that there are coins that are produced with different colors on them. This statement implies that not all coins are the same and some have added colors to make them more visually appealing or distinct. Therefore, the correct answer is True.Rate this question:
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- 5.
When you see a coin from Canada or Australia with Queen Elizabeth on it, what does that mean about Canada and Australia? (Standard III--Impact of Geography on International Business)
- A.
That Canada and Australia were colonized by England
- B.
That Canada and Australia love Queen Elizabeth
- C.
That Queen Elizabeth is their president
- D.
That Canada and Australia were once one country
Correct Answer
A. That Canada and Australia were colonized by EnglandExplanation
The presence of Queen Elizabeth on coins from Canada and Australia suggests that these countries were colonized by England. This is because Queen Elizabeth is the reigning monarch of England, and her appearance on their currency reflects their historical ties to the British Empire.Rate this question:
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- 6.
A nation’s money—can be in coins or banknotes. For example, yuan, yen, rupee, etc. (Examples of International Trade Locally)
- A.
Currency
- B.
Trade
- C.
Translate
- D.
Culture
Correct Answer
A. CurrencyExplanation
This question is asking for a term that is related to the concept of a nation's money. The term that best fits this description is "currency." Currency refers to the system of money used in a particular country or region, which can be in the form of coins or banknotes. It is the medium of exchange that facilitates trade and economic transactions within a nation.Rate this question:
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- 7.
A person who buys products or services. ( Standard I-International Business Vocabulary and Definitions)
- A.
Consumer
- B.
Entrepreneur
- C.
Seller
- D.
Franchise
Correct Answer
A. ConsumerExplanation
The correct answer is consumer. A consumer is someone who purchases products or services. In the context of business, a consumer is an individual or entity that buys goods or services for personal use or consumption. This term is commonly used in marketing and sales to identify the target audience for a particular product or service.Rate this question:
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- 8.
This word comes from the base “busy” + ness, or the act of being busy with money, financial, transactions, sales, and purchasing. (Standard I-International Business Vocabulary and Definitions)
- A.
Banking
- B.
Business
- C.
Salesperson
- D.
Financial institution
Correct Answer
B. BusinessExplanation
The correct answer is "business" because the word "business" refers to the act of being busy with money, financial transactions, sales, and purchasing. It is derived from the base word "busy" + "ness". This aligns with the definition provided in the source, which states that "business" relates to activities involving money, financial transactions, sales, and purchasing.Rate this question:
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- 9.
Some words that are similar (synonyms) include global, world, worldwide, and foreign.It is also the name of this class. ( Standard I-International Business Vocabulary and Definitions)
- A.
Adidas
- B.
Domestic
- C.
National
- D.
International
Correct Answer
D. InternationalExplanation
The word "international" is the correct answer because it is mentioned in the question that the word is similar to "global," "world," "worldwide," and "foreign." Additionally, it is stated that the word is also the name of this class, implying that the class is focused on international business vocabulary and definitions.Rate this question:
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- 10.
Kavi was a little boy in India who was forced into modern day slavery. What was he forced to make? (Standard III--Impact of Geography on International Business)
- A.
Clothing
- B.
Sarees
- C.
Bricks
- D.
Cricket bats
Correct Answer
C. BricksExplanation
Kavi, a little boy in India, was forced into modern-day slavery and was made to produce bricks.Rate this question:
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- 11.
What is a multi-national coorporation? (Standard IV--International Business Careers)
- A.
A business that makes money by selling food, like McDonald's
- B.
A business that is very popular
- C.
A big business that is located in many states and cities, for example McDonald's, Adidas, Coke
- D.
A big business that is located in many countries, for example McDonald's, Adidas, Coke
Correct Answer
D. A big business that is located in many countries, for example McDonald's, Adidas, CokeExplanation
A multi-national corporation is a big business that is located in many countries. Examples of multi-national corporations include McDonald's, Adidas, and Coke. These companies have operations and presence in multiple countries, allowing them to reach a global market and expand their business internationally.Rate this question:
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- 12.
What is an import (Standard I-International Business Vocabulary and Definitions)
- A.
Product, good or service that is brought into another country
- B.
Product, good or service that is taken out of a country
- C.
Bananas
- D.
Cofee
Correct Answer
A. Product, good or service that is brought into another countryExplanation
The correct answer is "product, good or service that is brought into another country." An import refers to the act of bringing in a product, good, or service from one country to another. It involves the purchase or acquisition of goods or services from a foreign country to meet domestic demand or to be sold in the local market. This helps in increasing the variety of products available and promotes international trade and economic growth.Rate this question:
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- 13.
Which player in cricket stands behind the wickets? (Examples of International Trade Locally)
- A.
Batsman
- B.
Wicket keeper
- C.
Bowler
- D.
Umpires
Correct Answer
B. Wicket keeperExplanation
The player in cricket who stands behind the wickets is called the wicket keeper. The wicket keeper's main role is to catch the ball if it is missed by the batsman and to attempt to run out the batsman by breaking the wickets with the ball. They also provide support to the bowler by giving feedback on the batsman's positioning and movements.Rate this question:
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- 14.
When you are underpaid, you are paid enough to live on. (Standard I-International Business Vocabulary and Definitions)
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
The given statement is false. When you are underpaid, it means you are not paid enough to meet your living expenses. Being underpaid implies that your salary or wages are lower than what is considered fair or reasonable for the work you are doing. This can lead to financial difficulties and a lower standard of living.Rate this question:
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- 15.
What is the capital of Thailand
- A.
Pattaya
- B.
Bangkok
- C.
Hua Hin
- D.
Lop Buri
Correct Answer
B. BangkokExplanation
Bangkok is the correct answer because it is the capital of Thailand. It is a bustling city known for its vibrant street life, ornate temples, and modern skyscrapers. Bangkok is also a major economic and cultural hub in Southeast Asia, attracting millions of tourists each year.Rate this question:
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- 16.
What is a border? (Standard I-International Business Vocabulary and Definitions)
- A.
A line
- B.
A graph
- C.
A division
- D.
Start or end of something and is invisible, like a boundary or limit
Correct Answer
D. Start or end of something and is invisible, like a boundary or limitExplanation
A border refers to the start or end of something and is invisible, like a boundary or limit. It signifies the point where one thing ends and another begins, creating a separation or division between two entities. This can be seen in various contexts, such as national borders separating countries or borders within a document or image delineating different sections or elements. The term "border" implies an intangible demarcation that sets the limits or boundaries of a particular entity or concept.Rate this question:
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- 17.
What is a market? (Standard I-International Business Vocabulary and Definitions)
- A.
A place where you sell or buy goods
- B.
WalMart
- C.
Baker's
- D.
EBay
Correct Answer
A. A place where you sell or buy goodsExplanation
The correct answer is "a place where you sell or buy goods". This definition aligns with the traditional understanding of a market as a physical location where individuals or businesses come together to exchange goods and services. It does not specifically mention any specific marketplaces like Walmart, Baker's, or eBay, but rather provides a general definition applicable to any place where buying and selling occur.Rate this question:
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- 18.
What is India's main sport? ( Standard III--Impact of Geography on International Business)
- A.
Cricket
- B.
Soccer
- C.
Basketball
- D.
Field hockey
Correct Answer
A. CricketExplanation
Cricket is considered India's main sport due to its immense popularity and cultural significance in the country. Cricket has a long history in India and is widely played and followed by millions of people. The Indian cricket team has achieved great success in international competitions, further boosting the sport's popularity. Additionally, cricket has a strong influence on Indian society, with players often becoming national heroes and the sport being deeply ingrained in the country's social fabric.Rate this question:
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- 19.
It takes 6 tankers of what to make one U.S. baby's supply of diapers (Examples of International Trade Locally)
- A.
Crude oil
- B.
Wood
- C.
Plastic
- D.
Huggies
Correct Answer
A. Crude oilExplanation
Crude oil is the correct answer because diapers are made from petroleum-based products, such as plastics and synthetic fibers. Crude oil is the raw material used in the production of these materials, and it takes approximately 6 tankers of crude oil to make one U.S. baby's supply of diapers. This highlights the importance of international trade in sourcing the necessary raw materials for diaper production.Rate this question:
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- 20.
What is the currency of all of Europe?
- A.
Euro
- B.
Yen
- C.
Yuan
- D.
U.S. Dollar
Correct Answer
A. EuroExplanation
The correct answer is euro. The euro is the currency used by most of the countries in Europe. It was introduced in 1999 and is currently used by 19 out of the 27 member states of the European Union. The euro is also used by several non-EU countries and territories in Europe. It is the second most traded currency in the world after the U.S. dollar.Rate this question:
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- 21.
In cricket, what does a bowler do?
- A.
Bowl the ball
- B.
Hit the ball
- C.
Catch the ball
- D.
All of the above
Correct Answer
A. Bowl the ballExplanation
A bowler in cricket is responsible for delivering the ball to the batsman. They run towards the pitch and release the ball with the intention of getting the batsman out or restricting their scoring opportunities. The bowler uses various techniques and strategies to deceive the batsman and take wickets. Therefore, the correct answer is "bowl the ball."Rate this question:
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- 22.
What is the United States' main import? ( Standard III--Impact of Geography on International Business)
- A.
Beverages
- B.
Cars
- C.
Textiles
- D.
Shoes
Correct Answer
A. BeveragesExplanation
The United States' main import is beverages. This means that the country primarily imports drinks such as alcohol, soft drinks, and other beverages. This information is relevant in the context of the impact of geography on international business, as it highlights the specific type of product that the United States relies on other countries for.Rate this question:
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- 23.
Harsha Boghle said that the game of cricket has changed. How has it changed? (Examples of International Trade Locally)
- A.
Went from being a game of 5 days to a game of Twenty20 (a shorter game)
- B.
It was an English game and now it is a Indian sport
- C.
They used to have 11 players and now they have 12 players
- D.
They never had a wicket keeper before
Correct Answer
A. Went from being a game of 5 days to a game of Twenty20 (a shorter game)Explanation
The game of cricket has changed from being a 5-day long format to a shorter format called Twenty20. This change has made the game more fast-paced and exciting, appealing to a larger audience. The shorter format allows for more aggressive batting and bowling strategies, resulting in higher scores and more thrilling matches. This change has also led to the rise of various domestic T20 leagues around the world, showcasing the popularity and commercialization of the sport.Rate this question:
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- 24.
What is the resource that makes your cell phone small (hint it is from DRC)? ( Standard III--Impact of Geography on International Business)
- A.
Coltan
- B.
Silver
- C.
Gold
- D.
Lead
Correct Answer
A. ColtanExplanation
Coltan, also known as columbite-tantalite, is a crucial resource that is used in the production of cell phones. It is primarily found in the Democratic Republic of Congo (DRC). Coltan is a mineral that contains both tantalum and niobium, which are essential for the miniaturization of electronic devices like cell phones. Tantalum is used in the creation of capacitors, which are responsible for storing electric charge in small spaces. Therefore, coltan plays a significant role in making cell phones small and compact.Rate this question:
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- 25.
How many people are trapped in modern day slavery now?
- A.
14,000
- B.
14 million
- C.
27 million
- D.
27 billion
Correct Answer
C. 27 millionExplanation
There are currently an estimated 27 million people trapped in modern-day slavery. This includes various forms of exploitation such as forced labor, human trafficking, and debt bondage. This high number reflects the prevalence and severity of this issue worldwide, highlighting the urgent need for awareness, prevention, and intervention efforts to combat modern-day slavery.Rate this question:
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- 26.
How many outs are there in cricket? (Examples of International Trade Locally)
- A.
One per batsman (10 per team)
- B.
Unlimited
- C.
3 per inning
- D.
11
Correct Answer
A. One per batsman (10 per team)Explanation
In cricket, an "out" refers to a dismissal of a batsman. When a batsman is out, he is removed from the field and cannot continue batting. Each batsman can be dismissed only once, so there is one out per batsman. In a team, there are usually 10 batsmen, hence there are 10 outs per team.Rate this question:
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- 27.
What car is made of 100% U.S. parts and assembled in the U.S.? ( Standard III--Impact of Geography on International Business)
- A.
Ford
- B.
Chevrolet
- C.
Toyota
- D.
None
Correct Answer
D. NoneExplanation
None of the options provided (Ford, Chevrolet, Toyota) are made of 100% U.S. parts and assembled in the U.S. Therefore, the correct answer is "none".Rate this question:
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- 28.
What is one thing that the Human Footprint video did NOT cover, yet we consume it? (Examples of International Trade Locally)
- A.
Diapers
- B.
Beauty products
- C.
Air
- D.
Water
Correct Answer
C. AirExplanation
The Human Footprint video did not cover air, yet we consume it. While the video focused on the impact of human consumption on various aspects like diapers, beauty products, and water, it did not specifically address the consumption of air. However, air is essential for human survival and we constantly consume it through breathing.Rate this question:
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- 29.
In what continent is India?
- A.
Europe
- B.
Asia
- C.
China
- D.
South America
Correct Answer
B. AsiaExplanation
India is located in the continent of Asia.Rate this question:
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- 30.
What is trafficking? (Standard I-International Business Vocabulary and Definitions)
- A.
Lots of cars moving slowly
- B.
Transporting of illegal items such as people or drugs
- C.
Exports
- D.
Imports
Correct Answer
B. Transporting of illegal items such as people or drugsExplanation
The correct answer is "transporting of illegal items such as people or drugs." Trafficking refers to the illegal trade or transportation of goods, typically involving items such as drugs, people, weapons, or contraband. It is a serious criminal offense that involves the organized movement of these illegal items across borders or within a country. Trafficking can have severe social, economic, and humanitarian consequences, and efforts are made globally to combat and prevent it.Rate this question:
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- 31.
What is the U.S.'s main export? ( Standard III--Impact of Geography on International Business)
- A.
Cotton
- B.
Horses
- C.
Meat
- D.
Cars
Correct Answer
D. CarsExplanation
The U.S.'s main export is cars because the automotive industry is a significant sector in the country's economy. The United States is known for producing a wide range of vehicles, including passenger cars, trucks, and SUVs. American car manufacturers have a strong presence both domestically and internationally, with brands such as Ford, General Motors, and Chrysler being well-known globally. The export of cars contributes significantly to the U.S. trade balance and supports numerous jobs in the automotive industry.Rate this question:
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- 32.
Kavi helped his dad and mom make bricks but he would have rather been doing what?
- A.
School and playing with his farm (plant)
- B.
School and making shoes
- C.
Cricket and making carpets
- D.
Cricket and school
Correct Answer
D. Cricket and schoolExplanation
Kavi helped his dad and mom make bricks, but he would have rather been playing cricket and going to school. This implies that Kavi finds more enjoyment and interest in playing cricket and attending school than in making bricks.Rate this question:
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- 33.
If 5 U.S. Dollars equals to 269.00 Indian Rupees, then how many rupees is equal to 10 U.S. dollars? (Examples of International Trade Locally)
- A.
539 Indian Rupees
- B.
538 Indian Rupees
- C.
560 Indian Rupees
- D.
537 Indian Rupees
Correct Answer
B. 538 Indian RupeesExplanation
If 5 U.S. Dollars equals to 269.00 Indian Rupees, then the exchange rate can be calculated as 269.00 Indian Rupees divided by 5 U.S. Dollars, which equals 53.80 Indian Rupees per U.S. Dollar. To find out how many rupees are equal to 10 U.S. dollars, we multiply 10 U.S. Dollars by the exchange rate of 53.80 Indian Rupees per U.S. Dollar. This gives us 538 Indian Rupees.Rate this question:
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- 34.
If 10 U.S. Dollars equals to 84.00 South African Rand then how many rand is equal to 30 U.S. dollars? (Examples of International Trade Locally)
- A.
252 South African Rand
- B.
251 South African Rand
- C.
250 South African Rand
- D.
253 South African Rand
Correct Answer
A. 252 South African RandExplanation
Since 10 U.S. dollars is equal to 84.00 South African Rand, we can find the exchange rate by dividing 84.00 by 10, which gives us 8.40 Rand per U.S. dollar. To find out how many Rand is equal to 30 U.S. dollars, we can multiply the exchange rate (8.40 Rand per U.S. dollar) by 30. This calculation gives us 252 South African Rand. Therefore, the correct answer is 252 South African Rand.Rate this question:
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- 35.
If 7 U.S. Dollars equals to 97 Mexican Pesos then how many Mexican Pesos is equal to 28 U.S. dollars? (Examples of International Trade Locally)
- A.
388 Mexican Pesos
- B.
378 Mexican Pesos
- C.
368 Mexican Pesos
- D.
398 Mexican Pesos
Correct Answer
A. 388 Mexican PesosExplanation
Since 7 US Dollars is equal to 97 Mexican Pesos, we can find the exchange rate by dividing 97 by 7. This gives us an exchange rate of 13.8571 Mexican Pesos per US Dollar. To find out how many Mexican Pesos are equal to 28 US Dollars, we multiply 28 by the exchange rate. This gives us 388 Mexican Pesos.Rate this question:
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- 36.
If 2 U.S. Dollars equals to 168 Kenyan Shillings then how many Kenyan Shillings is equal to 10 U.S. dollars? (Examples of International Trade Locally)
- A.
830 Kenyan Shillings
- B.
835 Kenyan Shillings
- C.
840 Kenyan Shillings
- D.
850 Kenyan Shillings
Correct Answer
C. 840 Kenyan ShillingsExplanation
The exchange rate between U.S. Dollars and Kenyan Shillings is 1 USD = 84 KES. Therefore, if 2 USD is equal to 168 KES, then 1 USD is equal to 84 KES. To find out how many KES is equal to 10 USD, we multiply 10 by 84, which equals 840 KES. Therefore, the correct answer is 840 Kenyan Shillings.Rate this question:
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- 37.
If 1 U.S. Dollar equals to 6.32 Chinese Yuan Renminbi, then how many Chinese Yuan Renminbi is equal to 6 U.S. dollars? (Examples of International Trade Locally)
- A.
37.92 Chinese Yuan Renminbi
- B.
97.32 Chinese Yuan Renminbi
- C.
72.93 Chinese Yuan Renminbi
- D.
29.37 Chinese Yuan Renminbi
Correct Answer
A. 37.92 Chinese Yuan RenminbiExplanation
If 1 U.S. Dollar equals to 6.32 Chinese Yuan Renminbi, then to find out how many Chinese Yuan Renminbi is equal to 6 U.S. dollars, we need to multiply the exchange rate (6.32) by the amount of U.S. dollars (6). This gives us 37.92 Chinese Yuan Renminbi, which is the correct answer.Rate this question:
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- 38.
Wool is mostly exported from what country? (Examples of International Trade Locally)
- A.
Australia
- B.
Mexico
- C.
Canada
- D.
New Zealand
Correct Answer
A. AustraliaExplanation
Australia is the correct answer because it is one of the largest producers and exporters of wool in the world. The country has a long history of sheep farming and has favorable conditions for sheep rearing, such as vast grazing lands and a temperate climate. Australia's wool industry is well-established and renowned for producing high-quality wool, making it a major player in the global wool market.Rate this question:
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- 39.
Flowers are mostly exported from what country? (Examples of International Trade Locally)
- A.
United States
- B.
Sweden
- C.
Argentina
- D.
Thailand
Correct Answer
D. ThailandExplanation
Thailand is the correct answer because it is well-known for its flower exports. The country has a favorable climate and fertile soil, making it an ideal location for flower cultivation. Thai flowers, such as orchids and roses, are highly sought after in international markets due to their quality and variety. Thailand's flower industry has experienced significant growth over the years, and it has become one of the largest exporters of flowers globally.Rate this question:
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- 40.
McDonald's alters its menu according to culture and geography of a country. What is NOT on the menu in India? (Standard III--Impact of Geography on International Business)
- A.
Beef
- B.
Lamb
- C.
Chicken
- D.
Curry
Correct Answer
A. BeefExplanation
McDonald's does alter its menu according to the culture and geography of a country. In India, where the majority of the population practices Hinduism, cows are considered sacred and beef is not consumed. Therefore, beef is not on the menu in India.Rate this question:
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- 41.
McDonald's alters its menu according to culture and geography of a country. What is often on the menu in Japan? (Standard III--Impact of Geography on International Business)
- A.
Shrimp or fish
- B.
Green Tea milkshakes
- C.
Both Green Tea milkshakes with shrimp or fish
Correct Answer
C. Both Green Tea milkshakes with shrimp or fishExplanation
McDonald's alters its menu according to the culture and geography of a country. In Japan, it is common to find both Green Tea milkshakes and dishes with shrimp or fish on the menu. This shows how McDonald's adapts its offerings to cater to the preferences and tastes of the local market in Japan.Rate this question:
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- 42.
How many continents are there?
- A.
5
- B.
6
- C.
7
- D.
8
Correct Answer
C. 7Explanation
There are seven continents on Earth: Africa, Antarctica, Asia, Europe, North America, Australia, and South America. Each continent is a large, distinct landmass that is surrounded by water. This classification is widely accepted and recognized by geographers and scientists.Rate this question:
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- 43.
What is the differenct between domestic and International trade?
- A.
International trade is country-to-country while domestic trade is within a nation's borders.
- B.
International trade is country-to-country while domestic trade is within a nation's houses.
- C.
International trade is within one country's borders while domestic trade is between two countries.
- D.
They are the same; there is no difference
Correct Answer
A. International trade is country-to-country while domestic trade is within a nation's borders.Explanation
The correct answer explains that international trade involves the exchange of goods and services between different countries, while domestic trade refers to the buying and selling of goods and services within the borders of a single nation. This answer accurately distinguishes between the two types of trade based on the geographical scope of their operations.Rate this question:
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- 44.
In what continent is Peru?
- A.
South Africa
- B.
South Pole
- C.
South America
- D.
South Carolina
Correct Answer
C. South AmericaExplanation
Peru is located in South America. South Africa is a separate country in the continent of Africa, while the South Pole is a geographic point in Antarctica. South Carolina is a state in the United States. Therefore, the correct answer is South America.Rate this question:
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- 45.
What kind of companies are McDonald's, Adidas, and Coca-Cola?
- A.
Food companies
- B.
Ethical companies
- C.
Multi-national companies
- D.
All of the above
Correct Answer
C. Multi-national companiesExplanation
McDonald's, Adidas, and Coca-Cola are considered multi-national companies because they have a presence and operate in multiple countries around the world. These companies have expanded their operations globally and have established a strong international presence, making them multi-national in nature.Rate this question:
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Current Version
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Dec 12, 2023Quiz Edited by
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May 13, 2012Quiz Created by
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