Q. Ownership of intellectual property is recognized in law by granting
✅ Correct Answer: (D)
Patent, copyright or trademark as appropriate.
International Business MCQs and Notes
Q. A contract drafted under civil law differs from that drafted under common law in the following respect
✅ Correct Answer: (B)
It will be shorter and less specific.
Q. In international business cheaper alternatives to litigation is/ are
✅ Correct Answer: (D)
Conciliation and arbitration.
Q. The five forces that affect the level of competition in an industry are
✅ Correct Answer: (A)
Threat of entrants; power of buyers; power of suppliers; threat of substitutes; competitive rivalry.
Q. Porter suggests the following reasons for one nation being more competitive than another
✅ Correct Answer: (C)
Factor conditions; demand conditions; related and supporting industries; and firm strategy, industry strategy and rivalry.
Q. Scenarios are used to
✅ Correct Answer: (D)
Develop a view of an environment which has a high degree of uncertainty, build plausible views of different possible futures and take a long term view of strategy.
Q. In relation to the PESTEL framework, which of the following statements is correct?
✅ Correct Answer: (C)
It can be used as a checklist to understand the different environmental influences in the macro environment.
Q. Analysing the business environment best assists in
✅ Correct Answer: (B)
Auditing macro environmental influences; identifying key competitive forces; identifying competitive position; identifying key opportunities and threats.
Q. Monetary policy relates to controlling
✅ Correct Answer: (C)
money supply, interest rate and exchange rate.
Q. In a business cycle, the phase preceding prosperity is
✅ Correct Answer: (C)
recovery.