CIMA CIMAPRA17-BA1-1-ENG BA1 – Fundamentals of Business Economics (2017 SYLLABUS) (Online) Online Training
CIMA CIMAPRA17-BA1-1-ENG Online Training
The questions for CIMAPRA17-BA1-1-ENG were last updated at May 10,2025.
- Exam Code: CIMAPRA17-BA1-1-ENG
- Exam Name: BA1 - Fundamentals of Business Economics (2017 SYLLABUS) (Online)
- Certification Provider: CIMA
- Latest update: May 10,2025
If a country joined an economic union (for example, the European Union) its business sector could benefit from all of the following except which one?
- A . Higher profit margins due to a reduction in transport costs.
- B . Economies of scale as it gained access to a larger market.
- C . Lower input costs as imports from other member states would become cheaper.
- D . Reduced costs as a result of access to a wider supply of factors of production.
Which of the following statements about supply-side economics is correct?
- A . Supply-side policies are part of aggregate demand management policies.
- B . Fiscal policy cannot be used as a part of supply-side policy
- C . Supply-side economists always reject the use of policy to expand demand
- D . Supply-side policies are used to improve the economy’s efficiency and competitiveness
Which ONE of the following is NOT required in calculating the EPS of ABC plc?
- A . The market price of ABC’s share
- B . The number of shares ABC has in issue
- C . The most recent earnings after interest and tax of ABC
- D . The dividend payment made to holders of preference shares
A surplus on the current account of the balance of payments can be financed by
- A . An inflow of capital on the capital account.
- B . Lending abroad on the capital account.
- C . A fall in the foreign exchange reserves
- D . A surplus on the government budget.
Which global institution is concerned with co-coordinating economic policies and agreeing banking and financial regulations?
- A . The IMF
- B . The World Bank
- C . The World Trade Organization
- D . The G20
All of the following are regarded as objectives of profit seeking organizations except one.
Which ONE is the exception?
- A . Raising shareholder wealth
- B . Long term growth in sales
- C . Meeting regulatory, accounting and reporting standards
- D . Maximizing profit
The equilibrium level of national income in an economy is the level of income at which
- A . Full employment occurs
- B . There is zero inflation
- C . Total planned spending equals the supply of output available
- D . The government’s budget and the balance of payments are both exactly balanced
CORRECT TEXT
A business has fixed costs of $200. Its total variable costs at different levels of output are as follows:
The business can always sell its output at a price of $100 per unit
The profit maximizing level of output is
Which of the following is not taken into account by the discount factor applied to future earnings when calculating shareholder value?
- A . Shareholders rate of time preference for money
- B . The amount of earnings that will be lost as taxation
- C . The amount of risk the investment is subject to
- D . The rate of inflation
All of the following would result from a shift from direct to indirect taxes except which one?
- A . An increase in the prices of products due to inflation.
- B . A reduction in the disincentive to work and effort.
- C . A more progressive taxation system.
- D . A shift in the burden of taxation towards lower income groups.
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