Higher Test Marks with Free Online CIMAPRA17-BA1-1-ENG Exam Practice

Assess the CertsIQ’s updated CIMAPRA17-BA1-1-ENG exam questions for free online practice of your BA1 - Fundamentals of Business Economics (2017 SYLLABUS) (Online) test. Our CIMAPRA17 BA1 1 ENG dumps questions will enhance your chances of passing the CIMA Certificate in Business Accounting certification exam with higher marks.

Question 1

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

Options :

A : Mutual savings societies

B : Charities

C : Partnerships

D : Trade Unions

Answer: C

Question 2

Which of the following statements about the sources of stakeholder conflict is true?

Options :

A : Different stakeholders have different objectives

B : The various stakeholders have differing degrees of influence

C : Stakeholder conflict only occurs in not-for -profit organizations

D : Stakeholders with high interest sometimes have limited influence

Answer: A

Question 3

If the government imposed a legal minimum wage that was above the market equilibrium wage, the resulting unemployment would be the greatest when:

Options :

A : the demand for labor and the supply of labor are both price inelastic

B : the demand for labor and the supply of labor are both price elastic

C : the demand for labor is price inelastic and the supply of labor is price elastic

D : the demand for labor is price elastic and the supply of labor is price inelastic

Answer: B

Question 4

If a central bank wished to increase the supply of money and credit in the economy it would:

Options :

A : sell bonds and raise interest rates

B : buy bonds and reduce interest rates

C : sell bonds and reduce interest rates

D : buy bonds and raise interest rates

Answer: B

Question 5

Central banks inspect and sometimes set minimum limits on the reserves held by commercial banks. Which ONE of the following statements is NOT a reason that central banks seek to influence the reserves of commercial banks?

Options :

A : To influence commercial banks' ability to create credit

B : To avoid the commercial banks running out of liquidity

C : To regulate the profits of commercial banks

D : To prevent the collapse of the banking system

Answer: C