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Year 11 Exam  >  Year 11 Tests  >  Business Studies for GCSE/IGCSE  >  Test: Business & Globalisation - Year 11 MCQ

Test: Business & Globalisation - Year 11 MCQ


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10 Questions MCQ Test Business Studies for GCSE/IGCSE - Test: Business & Globalisation

Test: Business & Globalisation for Year 11 2024 is part of Business Studies for GCSE/IGCSE preparation. The Test: Business & Globalisation questions and answers have been prepared according to the Year 11 exam syllabus.The Test: Business & Globalisation MCQs are made for Year 11 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Business & Globalisation below.
Solutions of Test: Business & Globalisation questions in English are available as part of our Business Studies for GCSE/IGCSE for Year 11 & Test: Business & Globalisation solutions in Hindi for Business Studies for GCSE/IGCSE course. Download more important topics, notes, lectures and mock test series for Year 11 Exam by signing up for free. Attempt Test: Business & Globalisation | 10 questions in 20 minutes | Mock test for Year 11 preparation | Free important questions MCQ to study Business Studies for GCSE/IGCSE for Year 11 Exam | Download free PDF with solutions
Test: Business & Globalisation - Question 1
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What is a key reason why businesses seek to expand internationally as part of globalisation?

Detailed Solution for Test: Business & Globalisation - Question 1
Expanding internationally allows businesses to access new customer bases, leading to increased sales and market share.
Test: Business & Globalisation - Question 2
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How do tariffs typically impact imported goods?

Detailed Solution for Test: Business & Globalisation - Question 2
Tariffs are taxes on imported goods, which increase the cost of these goods, making them more expensive for consumers.
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Test: Business & Globalisation - Question 3
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Which of the following best describes a quota in international trade?

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A quota restricts the amount of a particular product that can be imported into a country, protecting domestic industries from excessive foreign competition.

Test: Business & Globalisation - Question 4
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What is one of the primary roles of Multi National Companies (MNCs) in the global economy?
Detailed Solution for Test: Business & Globalisation - Question 4
MNCs often set up operations in multiple countries, which can lead to job creation and economic development in those regions.
Test: Business & Globalisation - Question 5
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Which of the following is a potential drawback for a country hosting an MNC?
Detailed Solution for Test: Business & Globalisation - Question 5
Hosting an MNC can lead to economic dependence on the MNC’s investment and operations, which may be problematic if the MNC decides to relocate.
Test: Business & Globalisation - Question 6
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How can changes in exchange rates impact an exporting business?
Detailed Solution for Test: Business & Globalisation - Question 6
When the domestic currency weakens, the price of exported goods becomes cheaper for foreign buyers, potentially increasing demand for these exports.
Test: Business & Globalisation - Question 7
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What is one benefit to a country of hosting MNCs?
Detailed Solution for Test: Business & Globalisation - Question 7
MNCs can contribute positively to a country's balance of payments through investment inflows and by increasing exports from the host country.
Test: Business & Globalisation - Question 8
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Which of the following can be a result of imposing tariffs on imports?
Detailed Solution for Test: Business & Globalisation - Question 8
Tariffs increase the cost of imported goods, which often leads to higher prices for consumers who purchase these products.
Test: Business & Globalisation - Question 9
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What can be a significant challenge for MNCs operating in multiple countries?
Detailed Solution for Test: Business & Globalisation - Question 9
MNCs must navigate different cultural and language environments, which can complicate communication and business operations across various countries.
Test: Business & Globalisation - Question 10
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How can an appreciation of a country's currency affect its importers?
Detailed Solution for Test: Business & Globalisation - Question 10
When a country's currency appreciates, it becomes stronger relative to other currencies, making foreign goods cheaper for domestic consumers and businesses.
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Important Questions for Business & Globalisation

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Business & Globalisation MCQs with Answers

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