CIMA CIMAPRO17-BA1-X1-ENG BA1 – Fundamentals of Business Economics Question Tutorial Online Training
CIMA CIMAPRO17-BA1-X1-ENG Online Training
The questions for CIMAPRO17-BA1-X1-ENG were last updated at Apr 22,2024.
- Exam Code: CIMAPRO17-BA1-X1-ENG
- Exam Name: BA1 - Fundamentals of Business Economics Question Tutorial
- Certification Provider: CIMA
- Latest update: Apr 22,2024
Which of the following will NOT affect the price elasticity of supply?
- A . The time period considered.
- B . Production costs.
- C . The level of stocks.
- D . Proportion of income spent.
Which of the following is a primary objective of a not-for-profit organization?
- A . To satisfy the needs of a particular sector of society.
- B . To maintain the growth of the organization.
- C . To make a profit.
- D . To continue to exist.
Quantitative easing, the purchase of government or private securities by the central banks from investors, is an example of:
- A . contractionary monetary policy.
- B . contractionary fiscal policy.
- C . expansionary fiscal policy.
- D . expansionary monetary policy.
A commercial airline uses its database to develop the following regression model to predict the cost of a flight Y (in dollars) by number of passengers:
Y = 1,570 + 40.7x
Which of the following statements is correct in relation to the airline?
- A . The cost of a flight will increase by $40.7 when an additional passenger is added to the flight.
- B . The regression model makes accurate predictions for this commercial airline, therefore it will provide good forecasts for other commercial airlines.
- C . The positive intercept in the model indicates a positive relationship between the cost of a flight and the number of passengers.
- D . If each pair of data points is plotted on a graph with Y on the vertical axis and X on the horizontal axis, there will be a downward sloping line.
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)
FILL BLANK
A business analyst has computed a trend regression for the sales of company X. The following table reports the ratios between the actual quarterly sales of company X and the calculated trend, for a period of four years.
What is the seasonal component in the fourth quarter? Give your answer to three decimal places.
A business has a contractual requirement to pay a sum of $6m in a foreign currency in 12 months time. It takes out a forward foreign exchange contract for this sum.
This is an example of:
- A . translation risk avoidance
- B . economic risk reduction
- C . arbitrage
- D . hedging
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.
HOTSPOT
The economy of Country V is initially in equilibrium at a level of national income and employment denoted by Y at price level denoted by P1.
If there is an increase in aggregate demand, indicate on the graph below the new equilibrium point in the economy.
A trade agreement that removes all import tariffs between member countries, sets up common external tariffs against non-members, but does not advance toward economic integration is called:
- A . an economic union.
- B . a customs union.
- C . a free trade area.
- D . a common market.
Latest CIMAPRO17-BA1-X1-ENG Dumps Valid Version with 60 Q&As
Latest And Valid Q&A | Instant Download | Once Fail, Full Refund
