Most Recent CIMAPRA17-BA1-1 Exam Dumps

Prepare for the CIMA BA1 - Fundamentals of Business Economics exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.

QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the CIMAPRA17-BA1-1 exam and achieve success.

The questions for CIMAPRA17-BA1-1 were last updated on Feb 22, 2025.

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Question No. 1

In a fully employed economy, which one of the following would lead to demand pull inflation?

AA reduction in the rate of income tax

BA rise in value added tax

CAn increase in the world price of oil

DA rise in interest rates

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Correct Answer: A

Question No. 2

All of the following are examples of how e-business can benefit a business organization except one. Which ONE is the exception?

ACheaper procurement via on line search and ordering

BReduced transport costs from internet buying

CLower entry barriers by reducing the need for expensive premises

DReduced transactions costs leading to low variable costs

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Correct Answer: B

Question No. 3

Setting a minimum wage above the equilibrium wage

Ahas no effect on unemployment, and setting a minimum wage below the equilibrium wage results in increased unemployment

Bresults in increased unemployment, and setting a minimum wage below the equilibrium wage has no effect on unemployment.

Cresults in decreased unemployment, and setting a minimum wage below the equilibrium wage results in increased unemployment.

Dresults in increased unemployment, and setting a minimum wage below the equilibrium wage results in decreased unemployment

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Correct Answer: A

Question No. 4

One of the features of an oligopoly market is that the pricing strategy of producers

Ais conditioned by the expected reaction of rival producers

Btends to ignore expectations about consumer reactions

Cis constrained by the absence of barriers to entry into the industry

Dis largely determined by government competition rules

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Correct Answer: A

Question No. 5

DigiRecords is an international retailer of CDs and DVDs. It has, however, started selling BluRoy players and discs.

Which of the following may have had an impact on DigiRecords' decision to begin selling BluRay players and discs?

AThe increase in demand for BluRay and the subsequent decrease in demand for DVDs

BThe inexpensive nature ofBluRays compared with DVDs

CA decrease in the number ofBluRays being sold

DAn increase in the number of DVDs being sold

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Correct Answer: A

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