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CIMAPRO17-BA1-X1-ENG Online Practice Questions and Answers

Questions 4

DRAG DROP

Complete the table inputting the relevant effect for each of the scenarios listed.

Select and Place:

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Questions 5

Which of the following is correct in relation to businesses?

In order to maximize shareholder wealth, the primary objective of a business can be reflected in:

(1)

higher investment

(2)

higher sales revenue

(3)

higher share prices

(4)

higher dividend payments.

A.

(1) and (3)

B.

(3) and (4)

C.

(1) and (2)

D.

(2) and (4)

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Questions 6

Which THREE of the following businesses are more likely to fare better during a recession? (Choose three.)

A. A construction company specializing in road infrastructure.

B. A producer of rice, a staple good.

C. A producer of automobiles, a durable good.

D. A producer of security equipment, a counter-cyclical good.

E. A retailer specializing in fashion, a cyclical good.

F. A construction company specializing in private residential accommodation.

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Questions 7

Organizations are able to achieve more than individuals can achieve because they allow people to do which THREE of the following? (Choose three.)

A. To devolve decision-making

B. To pool resources

C. To share skills and knowledge

D. To specialize

E. To earn profits

F. To create hierarchies

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Questions 8

Which of the following organizational arrangements is an example of a multinational corporation (MNC)?

A. An insurance company based in Country E opens a sales office in Country F in order to service the local market.

B. A music production company based in Country C signs a contract with an artist's management company based in Country D.

C. A retailer based in Country G uses an online retail platform in order to sell goods to customers in Country H.

D. A chain of restaurants based in Country signs a franchise agreement with a company that intends to open restaurants in Country A.

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Questions 9

The following table shows the profits of a business and an index of the general price level for 4 years.

How does the level of real (inflation adjusted) profits in 20X4 compare to those of 20X1?

A. + $18m

B. + $12.5m

C. + $3m

D. + $0.6m

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Questions 10

A business sells soft drinks at $3 a bottle and its current sales are 20,000 bottles per month. The price elasticity of demand for this product is -2. If the price is reduced to $2.70, the change in the total revenue for the business will be:

A. -$3,300

B. +$4,800

C. -$16,800

D. +$4,000

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Questions 11

According to the principle of comparative advantage which of the following explains how country V may benefit from international trade?

A. Specialization and international trade will only be successful if tariffs are used to protect country V's economy.

B. Jobs historically done by country V's nationals have been off-shored to countries with cheaper labour costs.

C. Country V can specialize in exporting oil which it can produce relatively cheaply, and import goods.

D. Country V will only benefit from international trade if another country loses.

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Questions 12

A binding financial contract that can be used to hedge exchange rate risks by fixing the rate of exchange at a fixed date, and can be traded in financial markets, is known as:

A. an option

B. a managed floating system

C. a future

D. a forward exchange contract

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Questions 13

FILL BLANK

Company GHI wishes to develop a linear model for forecasting tractor sales based on the number of sales people it employs. In the model, tractor sales will be the dependent variable and the number of sales people the independent variable.

The company has collected sales data from each of its branches over the past year which has been reported below:

Based on this data calculate the slope of the line (b) to two decimal places. b =

A. 17.90

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Exam Name: BA1 - Fundamentals of Business Economics Question Tutorial
Last Update: Mar 18, 2024
Questions: 60
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