CIMAPRA17-BA1-1-ENG

Which ONE of the following should NOT be classed as an agent of a firm's shareholder?A . A non-executive directorB . An executive directorC . The chair of the companyD . The firm's bankerView AnswerAnswer: D

As the process of globalization increases, typical businesses willA . Depend more and more on their domestic markets.B . Have to raise more capital from internal sources.C . Have less need to increase their international competitiveness.D . Be more and more affected by changes in exchange rates.View AnswerAnswer: D

Which of the following best describes a project that has a negative Net Present Value?A . A loss making projectB . A project that doesn't make enough profit to pay the interest on the money borrowed to invest in itC . A project that doesn't make sufficient returns to fully...

If a government adopted a fiscal policy of cutting its budget deficit, the aggregate demand and supply model shows that the result would be:A . a shift in the aggregate demand curve to the right, a fall in output and employment and a rise in the price levelB . a...

The distinguishing feature of a transnational (multinational) company is thatA . it exports its products to more than one country.B . its production process uses inputs from more than one country.C . it has production facilities in more than one country.D . it has shareholders in more than one country.View...

Which of the following economic conditions is likely to lead to demand-pull inflation?A . An increase in interest rates and a rise in the world price of oilB . An increase in government spending and firms operating at full capacityC . Increased monopoly power in goods and labor marketsD ....

In a customs union member countriesA . Meet to agree tariff increases affecting internal trade between themselvesB . Trade freely with each other and impose their own national restrictions on trade with the rest of the worldC . Trade freely with each other and accept a common external tariff for...

As a result of a period of rapid economic growth, an economy is likely to experience all of the following except which one?A . An improving overseas trade balance.B . Falling levels of unemployment.C . Increased inflationary pressure.D . Rising government tax receipts.View AnswerAnswer: A

The Phillips curve shows that the governmentA . cannot use monetary policy to reduce the level of unemployment without causing a rise in interest rates.B . can only use fiscal policy to reduce the rate of unemployment in the short run but not in the long run.C . can only...

Which of the following is an invisible import for a country?A . Expenditure in its shops by foreign diplomats based in the countryB . The country's contribution to foreign aidC . A foreign company signing a contract guaranteeing to invest in a new factory in the countryD . Repayment of...