Free BA1 Questions for CIMA Fundamentals of Business Economics BA1 Exam as PDF & Practice Test Engine
Which of the following statements about the difference between profit and shareholder wealth is false?
Correct Answer: C
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Which of the following is an invisible import for a country?
Correct Answer: D
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Which THREE of the following are characteristics of good information?
Correct Answer: A,B,E
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All of the following are functions of central banks except which one?
Correct Answer: D
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Which of the following is NOT a suitable way for a manufacturing company to finance buying assets?
Correct Answer: A
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Real GDP per capita in an economy is directly affected by
(i). The quantity of resources located in the economy
(ii). How efficiently the economy uses resources when producing goods and services (iii). The size of the working population (iv). The flow of investment income from abroad
(i). The quantity of resources located in the economy
(ii). How efficiently the economy uses resources when producing goods and services (iii). The size of the working population (iv). The flow of investment income from abroad
Correct Answer: D
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Which of the following would result from a depreciation in the exchange rate for a country's currency?
i. A fall in the foreign exchange price of that country's exports.
ii. A rise in the foreign exchange price of that country's imports.
iii. A rise in production costs for businesses using imported inputs.
iv. A worsening in that country's terms of trade.
v. A fall in the domestic prices of that country's imports.
vi. A rise in the domestic price of that country's exports.
i. A fall in the foreign exchange price of that country's exports.
ii. A rise in the foreign exchange price of that country's imports.
iii. A rise in production costs for businesses using imported inputs.
iv. A worsening in that country's terms of trade.
v. A fall in the domestic prices of that country's imports.
vi. A rise in the domestic price of that country's exports.
Correct Answer: A
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The average price of recorded music CDs has been declining for several years. Which of the following changes in market conditions would NOT be a cause of this?
Correct Answer: D
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Which ONE of the following was NOT a contributor to the Global Banking Crisis after 2007?
Correct Answer: C
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All of the following could cause the onset of a recession except which one?
Correct Answer: C
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Firms may suffer from X-inefficiency because of organizational slack. All of the following would lead to organizational slack except which one?
Correct Answer: A
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Conflict between the objectives of shareholders and those of management in a company may anse because
Correct Answer: B
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Select the best definition of a regressive tax from the options below:
Correct Answer: C
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