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CIMA BA1 - Fundamentals of Business Economics

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Page: 13 / 14
Total 468 questions

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

In a recession which ONE of the following would be likely to experience the largest fall in demand for its products?

A.

A manufacturer of industrial machine tools

B.

A chain of supermarket grocery stores

C.

A motor insurance company

D.

A toothpaste manufacturer

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

All of the following are objectives of not-for-profit organizations except one. Which ONE is the exception?

A.

Value for money

B.

Maximization of financial surpluses

C.

Serving the public interest effectively

D.

Efficient use of physical and human resources

All of the following are features of an economic union (for example, the European union) except which one?

A.

A fixed exchange rate relative to non union currencies.

B.

Free movement of goods and services between member states.

C.

A common external tariff.

D.

Free movement of factors of production between member states.

The level of national income in the circular flow will remain constant if

A.

injections are greater than withdrawals

B.

injections are equal to withdrawals

C.

injections are equal to savings

D.

injections plus withdrawals are equal to savings plus investment

Which ONE of the following is an External stakeholder in a state-owned energy provider?

A.

The industry regulator

B.

A firm selling equipment to the energy provider

C.

Customers of the energy provider

D.

The government

A government might increase its budget deficit in order to reduce

A.

Demand-deficient or cyclical unemployment

B.

Frictional unemployment

C.

Technological unemployment

D.

Classical or real-wage unemployment

Which one of the following policies to correct a balance of payments current account deficit is an example of an expenditure reducing policy?

A.

Depreciation of the currency.

B.

The imposition of an import tax.

C.

Increased income tax.

D.

The use of import quotas.

All of the following items would appear as a credit on the current account of a country's balance of payments accounts except which one?

A.

Interest payments on financial assets held overseas.

B.

Exports of manufactured goods.

C.

Outflows of capital.

D.

Expenditure by visiting foreign tourists.