CIMA Fundamentals of Business Economics 認定 BA1 試験問題:

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

2. As the process of globalization increases, typical businesses will

A) Have to raise more capital from internal sources.
B) Have less need to increase their international competitiveness.
C) Be more and more affected by changes in exchange rates.
D) Depend more and more on their domestic markets.

3. In 201X the market for a crop suffered high prices. According to cobweb theory what was likely to have happened in the following year?

A) Price will fall as consumers find cheaper substitutes to the high-priced crop
B) Price will fall because the high price in 201X gave an incentive to farmers to plant more and flood the market with extra supply
C) Price will stay high as farmers restrict supply to make extra profits
D) Price will rise further as buyers stockpile the new harvest to avoid suffering higher prices for a second year

4. Which of the following are not classed as a non-bank financial intermediary?

A) Investment exchanges
B) Finance houses
C) Building societies
D) Life insurance companies

5. A business has a contractual requirement to pay a sum of$6m in a foreign currency in 12 months time. It takes out a forward exchange contract from this sum.

A) This is an example of
B) Translation risk avoidance
C) hedging
D) Arbitrage

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