FREE Master of International Business MCQ Questions and Answers

Question 1

Around 1870, the first stage of globalization began, and it ended with _______ .

Accepted Answer

World War I

Answer

In 1913 when GDP was High

Answer

World War II

Answer

The Establishment of GATT

Question 2

International Bank for Reconstruction and Development, or IBRD, is another name for ______ .

Accepted Answer

World Bank

Answer

International Bank

Answer

International Monetary fund

Answer

Exim Bank

Question 3

In the end, the _________ was changed to the _________ on January 1st, 1995.

Accepted Answer

GATT, WTO

Answer

IMF, GATT

Answer

WTO, GATT

Answer

GATS, WTO

Question 4

Which steps of internationalization should be completed in what order?

Accepted Answer

Domestic, International, Multinational, Global, Transnational

Answer

Domestic, International, Transnational, Multinational, Global

Answer

Domestic, Multinational, International, Transnational, Global

Answer

Domestic, Transnational, Global, International, Multinational

Question 5

For policy, subsidiaries take the local environment into account. Strategy development is referred to as

Accepted Answer

Regiocentric Approach

Answer

Geocentric Approach

Answer

Ethnocentric Approach

Answer

Polycentric Approach

Question 6

This notion claimed that a nation's wealth consisted primarily of its gold-based treasure assets.

Accepted Answer

Mercantilism

Answer

Hecksher Theory

Answer

Ricardo Theory

Answer

Gold Theory

Question 7

The Absolute Cost Theory Benefit is provided by

Accepted Answer

Adam Smith

Answer

David Ricardo

Answer

Ohlin and Heckscher

Answer

F W Taylor

Question 8

According to the theory of relative factor endowments,

Accepted Answer

Ohlin and Hecksher

Answer

F W Taussig

Answer

Adam Smith

Answer

David Ricardo

Question 9

A __ considers the global market to be a collection of domestic marketplaces.

Accepted Answer

Polytechnic managers

Answer

Regional manager

Answer

Ethnocentric managers

Answer

None of the above

Question 10

The use of information to redraw the limits of international business

Accepted Answer

Technology

Answer

Economy

Answer

Society

Answer

Cultural Values