Bihar Board Class 12 (Commerce) International Business — practice questions
53 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice Bihar Board Class 12 (Commerce) International Business in the app →Trade in goods, services and capital across national borders is called what?A company with operations in several countries is known as a what?Which Canadian economist pioneered theories on why firms become multinational?In Dunning's OLI paradigm, what does the letter O stand for?Selling a product in a national market other than where it is made is what?In which entry mode does an independent contractor prepare the plant and hand it over ready to run?What does a licensee usually pay for rights to use intangible property?Which foreign entry mode is a specialized form of licensing?What ownership split do most joint ventures have between the two partners?A firm that owns 100 percent of the stock of a foreign company has what?A resident of one country providing a service to another country makes which transaction?A good produced in one country and sold into another is called what?In an export deal, the foreign buyer is known as the what?Buying and receiving goods produced in another country is called what?Which entry mode do many manufacturing firms use first when going global?Laws and practices protecting domestic products from foreign competition are called what?Which group limits trade in nuclear weapons and associated goods?What is a firm called that makes goods under another company's brand name by contract?Which risk arises when a firm shares its formulas with a contract manufacturer?Why does contract manufacturing reduce capital cost for the hiring firm?What is an area where goods are imported, handled and re-exported generally free of customs duty?In which year was the US Foreign-Trade Zones Act passed?Which zone is set up in developing countries to promote industrial exports?A passive investment in a foreign country's shares or bonds is called what?Controlling ownership of a business in one country by an entity from another is what?FDI made in one country mainly to export to a third country is called what?Which is a method by which a foreign investor can acquire control?Whose 1960 work gave the first theory specific to foreign direct investment?The WTO succeeded which agreement on tariffs and trade?What is the highest decision-making body of the WTO?How often does the WTO Ministerial Conference usually convene?Where was the 13th WTO Ministerial Conference held?Which WTO body manages day-to-day business, made up of member representatives?Which WTO agreement deals with intellectual property rights?Which WTO agreement covers trade in services?Which GATT round extended the system to services and intellectual property?Which GATT round brought an anti-dumping agreement in the mid-sixties?How many rounds of negotiations took place under GATT before the Uruguay Round?A duty imposed on imported goods by a government is called what?Who normally pays a tariff on imported goods?Who pays an export tax levied on raw materials leaving a country?What is a tariff called when its amount changes with the price of goods?What effect on imported goods' prices is a tariff designed to have?The record of money flowing into and out of a country over a period is its what?In which balance of payments account are exports and imports recorded?Mercantilists believed that accumulating what made a country wealthier?Which payment tool gives an exporter a guarantee from a creditworthy bank?What are documents called that do not comply with the terms of a letter of credit?The exchange of capital, goods and services across borders is called what?Compared with domestic trade, international trade is typically what?What is the business practice of licensing a business model to another company?Two firms pooling resources to form a separate jointly owned entity create what?Which is one of two macro factors driving globalization?