Free Online CIMA CIMAPRA17-BA1-1-ENG Practice Test

Prepare Your CIMA CIMAPRA17-BA1-1-ENG Exam Questions with Free online CIMAPRA17-BA1-1-ENG Practice Test. Get Brilliant BA1 - Fundamentals of Business Economics (2017 SYLLABUS) (Online) Exam Results with Valid CIMAPRA17 BA1 1 ENG Exam Dumps.

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Total 471 Questions | Updated On: May 16, 2024

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Question 1

All of the following are examples of externalities except which one?

A : Pollution resulting from a production process

B : Firms training workers who then move to other employers

C : Some consumers being unable to afford goods because prices have been driven up by the demand from other consumers

D : Road congestion caused by rush hour traffic on the roads

Answer: C

Question 2

A wireless phone manufacturer currently sells 2,000 units per quarter at a price of $400 The estimated price elasticity of demand is -2.5.

The manufacturer is considering an increase in the price to $440

What will this raise (+) or reduce (-) total revenue by? Give your answer in whole numbers.

A : $-140000

B : $-130000

C : $-120000

D : $-110000

Answer: A

Question 3

Which of the following describes a 'spot rate' in foreign currency dealing?

A : It is a short term rate that may change in the immediate future

B : It is the price for a currency that is to be delivered immediately

C : It is the exchange rate minus any commissions or transactions charges

D : It is the exchange rate minus the inflation rate

Answer: B

Question 4

Mrjohnson, the managing director of Brilliant Buys, wants to plot the cumulative sales figures for each store nationwide over the course of a year on a graph. The sales by store are shown below:

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If these figures were plotted on an ogive, what would the line of cumulative frequency look like?

A : Rises until it reaches sales of 900,000 or less on the x axis, then declines

B : Rises until it reaches halfway between sales of 700,000 and 900,000 on the x axis, then declines

C : Rises until it reaches 43 stores on they axis, then declines

D : Rises until it reaches 43 stores on the x axis, then declines

Answer: A

Question 5

Which ONE of the following financial instruments is NOT issued for long term borrowing by the issuer?

A : Treasury bills

B : Equities

C : Treasury bonds

D : Mortgages

Answer: A

Page: 1 / 95

Total 471 Questions | Updated On: May 16, 2024

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