CIMAPRA17-BA1-1-ENG 시험 - CIMA실제시험문제와 답 - 468문항

Question No : 1

Which of the following best describes a project that has a negative Net Present Value?

A.A loss making project
B.A project that doesn't make enough profit to pay the interest on the money borrowed to invest in it
C.A project that doesn't make sufficient returns to fully compensate investors for the funds they invest in it
D.A project that will only start making profits after the present year has finished

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Question No : 2

Which ONE of the following should NOT be classed as an agent of a firm's shareholder?

A.A non-executive director
B.An executive director
C.The chair of the company
D.The firm's banker

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Question No : 3

If a government adopted an expansionary fiscal policy of cutting direct taxes, the businesses that would benefit most would be those whose products:

A.Are largely bought on credit
B.Are largely exported
C.Have a high price elasticity of demand
D.Are sold mainly to individual consumers

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Question No : 4

As a result of a period of rapid economic growth, an economy is likely to experience all of the following except which one?

A.An improving overseas trade balance.
B.Falling levels of unemployment.
C.Increased inflationary pressure.
D.Rising government tax receipts.

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Question No : 5

The business sector will be affected by a contraction in the money supply because

A.Interest rates will tend to fall, thus reducing business costs.
B.Inflation will fall and thus demand in the economy will expand.
C.Consumer credit will contract thus reducing consumer demand.
D.The exchange rate will fall thus making business more internationally competitive.

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Question No : 6

Inflation is undesirable for all of the following reasons except which one?

A.Inflation decreases the international competitiveness of the business sector.
B.Inflation distorts the price system and the process of resource allocation.
C.Inflation shifts wealth from debtors to creditors in an arbitrary fashion.
D.Inflation makes business forecasting and planning more difficult.

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Question No : 7

All of the following could cause the onset of a recession except which one?

A.A significant appreciation of the exchange rate
B.A decline in business investment
C.A significant fall in personal savings rates
D.An increase in the government budget deficit

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Question No : 8

When faced with a recession, the appropriate combination of policies for a government in order to generate a recovery is

A.Tax cuts, reduced public expenditure and lower interest rates.
B.Monetary expansion, increases in public expenditure and an appreciation of the exchange rate.
C.Reduction of the fiscal deficit and increased money supply.
D.Tax cuts, monetary expansion and a depreciation of the exchange rate.

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Question No : 9

At which stage of the trade cycle should management anticipate a rise in interest rates?

A.Recession
B.Depression
C.Recovery
D.Boom

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Question No : 10

A business would benefit most from an appreciation in the currency of the country in which it is based if:

A.it exports to other countries a significant proportion of its output
B.it imports a high proportion of the raw materials and components it uses
C.in its domestic market it faces competition from imports
D.its production costs are largely domestic labor costs

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Question No : 11

All of the following would lead to fall in the circular flow of national income except which one ?

A.A fall in business investment
B.A fall in personal savings rates
C.A reduction in the level of government expenditure
D.A rise in the marginal propensity to save

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Question No : 12

All of the following are examples of structural unemployment except which one?

A.Redundancies in shipbuilding caused by competition from abroad.
B.Falling employment in manufacturing industry resulting from a decline in consumer incomes.
C.Unemployment in coal mining caused by the advent of new energy sources.
D.Above average unemployment rates among low skilled workers.

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Question No : 13

Which ONE of the following increases the price of the shares in ABC plc?

A.A fall in interest rates
B.Falling demand for some of ABC's key products
C.Constant ROCE at ABC plc
D.News of better economic outlook in ABC's home country

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Question No : 14

The distinguishing feature of a transnational (multinational) company is that

A.it exports its products to more than one country.
B.its production process uses inputs from more than one country.
C.it has production facilities in more than one country.
D.it has shareholders in more than one country.

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Question No : 15

Which of the following assertions would not be consistent with supply side economics?

A.Lower taxation increases national income by reducing disincentives to work and invest
B.High interest rates may reduce investment expenditure and so harm national income growth
C.Increasing aggregate demand will not affect national income or the price level
D.Aggregate supply creates its own demand

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CIMA CIMAPRA17-BA1-1-ENG 시험