Free CIMA CIMAPRA17-BA1-1-ENG Exam Questions
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CIMA CIMAPRA17-BA1-1-ENG Exam Questions
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Provided By: CIMA
- Exam: BA1 - Fundamentals of Business Economics (2017 SYLLABUS) (Online)
- Certification: CIMA Certificate in Business Accounting
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Total Questions: 471
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Updated On: Jan 26, 2025
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Rated: 4.9 |
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Online Users: 942
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Question 1
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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 $440What will this raise (+) or reduce (-) total revenue by? Give your answer in whole numbers.
Answer: A
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Question 2
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ToyTown, a soft toy manufacturer, produces what it claims to be the cheapest teddy bears on the market. The graph shows the current price of a ToyTown teddy bear and its relationship to the demand for ToyTown teddybears.If the price of ToyTown teddy bears were to increase, what would happen to the demand?
Answer: A
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Question 3
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Based on historical time series data, a chemicals company uses sales ($million) as the y variable and time (year) as the x variable and equation.y = - 3935 47 + 2 02xUsing the equation, what is the company's predicted sales for the year 2020? Give your answer to the nearest million.
Answer: A
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Question 4
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Organisations are able to achieve more than individuals can achieve because they allow people to do which THREE of the following?
Answer: A,C
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Organisations are able to achieve more than individuals can achieve because they allow people to do which THREE of the following?
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Question 5
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Which of the following are the likely consequences, in the domestic of a county, of an increase in interest rates?1. A rise in demand for capital goods2. A fall in demand for consumer good.3. A fall in demand for housing4. A rise in the exchange rate.
Answer: D
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