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 Apr 2, 2025.

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Question No. 1

A bottle of brandy costs 25 in Country X, including both unit tax and ad valorem tax. These taxes are applied throughout the production process.

Which of the following applies to this particular scenario? Select ALL that apply.

AThe ad valorem tax acts as a sales tax

BBoth taxes can be classed as multi-stage consumption taxes

CThe unit tax is otherwise known as stamp duty

DThe taxes levied on the brandy are charged in a similar way to sales tax in the United States

EThe taxes levied on the brandy are proportional

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Correct Answer: A, B

Question No. 2

What is meant by the term 'mezzanine finance'?

AShort-term loans to help a firm through a cash flow crisis

BFinance that is neither pure debt nor pure equity

CLoans made by non-financial institutions

DLoans made in foreign currency

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Correct Answer: B

Question No. 3

If the production of a good is characterized by significant external social costs, resource allocation can be improved by the government:

Aimposing an indirect tax on the good

Bpaying a subsidy to the producers of the good

Cpaying a subsidy to the consumers of the good

Dincreasing the tax on the profits of the producing firms

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Correct Answer: A

Question No. 4

Miss Ruby designs and makes large ornaments for grand buildings. She is informed that her range of candle sticks have a price elasticity of-1.2

Which of the following plans would be most appropriate?

AProduce more candlesticks

BCreate more ornate candlesticks which have a higher cost per product

CRun an expensive ad campaign in an interior design magazine

DIncrease the price of candle sticks

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Correct Answer: A

Question No. 5

All of the following are arguments for privatizing a public sector industry except which one?

AThe profit motive will make the industry more efficient

BThe industry will respond more to consumer wishes and preferences

CThe industry is a natural monopoly

DCompetition will force the industry to become more efficient

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Correct Answer: C

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