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Globalization will have all the following effects on businesses except one. Which ONE is the exception?
Which of the following is most likely to lead an economy to suffer high unemployment?
The business sector will be affected by a contraction in the money supply because
A country's gross national product (GNP) will be higher than gross domestic product (GDP) if:
All of the following items would appear as a credit on the current account of a country's balance of payments accounts except which one?
Which global financial institution is responsible for providing stabilization funding to assist developed and developing countries with short term borrowing needs and needs for foreign currency?
A business based in Country A. agrees to buy a software package from a company based in Country O tor 20.000 Country O dollars 12 months time. At the time of the contract the exchange rate was 1 O dollar (0$) to 1.5 Country A pounds (A£). When payment ism
Rate is O$1 to A£1 4.
What is the exchange rate gain (+) or loss (-) made by the Country A business?
Give your answer to a whole number.
In 201X the market for a crop suffered high prices. According to cobweb theory what was likely to have happened in the following year?
In a recession, the central bank might adopt a policy of low interest rates. The businesses most likely to benefit from this are those which:
All of the following are examples of how e-business can benefit a business organization except one. Which ONE is the exception?
Which THREE of the following businesses are more likely to fare belter during a recession?
Which of the following sets of conditions will lead to greater stability (or convergence) of prices in the Cobweb model (or Cobweb theorem)?
Which ONE of the following would make the market supply of a product price elastic?
When faced with a recession, the appropriate combination of policies for a government in order to generate a recovery is
Which of the following is most likely to increase rather than to reduce market imperfections?
Which ONE of the following best explains the statement 'In not for profit organizations money is a constraint and not a goal'?
Which of the following best describes a project that has a negative Net Present Value?
Country A's tax system is one where every citizen pays tax on earned income over S12,000 per year. The amount of tax paid as a percentage of income rises as individuals income levels rise.
Which of the following describes the nature of the tax paid by individuals in Country A?
Which of the following types of graph uses cumulative frequency distributions to illustrate information?
A bank charges a 4% quarterly interest rate on a personal loan of $10,000
What is the effective annual amount of interest that the borrower pays on this loan? Give your answer to the nearest whole dollar.
Identify from the list below the financial instrument that is not a method of government borrowing:
Which of the following assertions would not be consistent with supply side economics?
A rise in interest rates in an economy would lead to all of the following except which one ?
If a central bank adopted an expansionary monetary policy the effects would include A.
A financial intermediary takes the small deposits of millions of savers and uses them to buy an issue of government (treasury) bills and bonds.
Identify from the list below the principle this illustrates:
The component bar chart displaying sales revenues for different types of product sold by Pills Pharmaceuticals shows that the poorest performing products are its medical devices.
Which of the following may be reasons for this?
Select ALL that apply.
Best for Beer is a brewery based in the UK. In the last year, it has seen its sales decrease by 23%. During the same period, the British Government has launched and run a public health campaign against excessive
alcohol consumption due to the rising number of incidents related to excessive alcohol consumption or 'binge-drinking' in the country.
Which of the following sources would be most relevant for Best for Beer to discover more about the public health campaign's effect on sales?
All of the following are true under a system of floating (flexible) exchange rates except which one?
In the foreign exchange market all of the following are sources of demand for a country's currency except one. Which ONE is the exception?
The Global Banking Crisis showed that banks had failed in all of the following ways except which ONE?
If a country were to join a currency union (for example, the European single currency, the Euro), its businesses would experience all of the following except which one?
The incentive for two countries to trade with each other would be reduced or removed by
(i). people in both countries having similar tastes and preferences
(ii). per capita income being much higher in one country than in the other
(iii). transport costs between the two countries exceeding the output gain from trade
(iv). the industries in both countries suffering from significant decreasing returns to scale
The following figures relate to a particular economy.
From the above information, it can be correctly concluded that each pound was spent an average of
Identify in the following list the statement that does not describe a function of a financial intermediary:
Which of the following is NOT achieved by the price mechanism in a market economy?
Other things remaining equal, which one of the following is likely to increase as a result of the sale by the central bank of a large quantity of government bonds?
All of the following were features of the financial crisis of 2008 except one. Which ONE is the exception?
Calculate the yield to an investor available from the following commercial bill:
Face value$100,000
Market price$98,500
Maturity90 days time
Which of the following might justify a policy of privatization by the government?
(i). Privatization inevitably reduces monopoly power and exploitation in the economy
(ii). Privatization may be expected to increase the efficiency and competitiveness of the economy
(iii). Revenue raised from privatization can reduce the public sector borrowing requirement
(iv). Privatization helps to promote an enterprise culture amongst the population
When central banks adopt a policy of 'quantitative easing' this means that they:
The World Bank is an international financial institution, controlled by governments, that lends money to developing nations to allow them to afford to build infrastructure and industries that will enable them to become richer countries over the following decades.
Identify the function being performed by the World Bank.
The burden of an indirect tax on a good will fall most heavily on the producer when
If a group of countries have adopted:
(i). Free trade in goods and services between member states,
(ii). Free movement of capital and labor between member states,
(iii). A common external tariff policy,
This would be an example of a(n)
A country's currency depreciates (falls) on the foreign exchange market. All of the following would be the effects of this on businesses within the country except which one?
In a given economy of every $1 of additional income:
$0.68 is spent on consumption of domestically produced goods
$0.13 is spent on imported goods
$0.15 is taxed by government
What is the value of the multiplier in this economy?
A promoter has arranged a large outdoor concert. All the costs are fixed and there are no variable costs associated with the number of spectators attending.
Which of the following statements about the profit maximizing price is FALSE?
Which of the following are known as automatic stabilizers because they tend to reduce the fluctuations in economic activity associated with the business cycle?
(i). Progressive income taxes
(ii). Unemployment benefits
(iii). Means-tested welfare benefits
(iv). Regressive taxation
Which of the following pairings of policy instruments and policy objectives is correct?
In the short run, which of the following would result from a depreciation of the country's exchange rate?
(i). Increased competitiveness of the country's exports
(ii). Increased quality competitiveness of the county's imports
(iii). A worsening of the country's terms of trade
(iv). Increased energy and raw material costs for the country's manufacturing firms
PlusTech is a video games company with staff based in Los Angeles, California, London, UK, and Berlin, Germany. PlusTech currently employs 20 people to develop and market its games, while the distribution is
handled by RPGInternational, a separate company.
Why should PlusTech adopt multiple business structures in order to succeed in the video games industry?
Select ALL that apply.
Which of the following is a primary objective of a not-for-profit organisation?
The graph shows house prices in Lingford, a large urban town in a prosperous region.
Which of the following would be the equilibrium price for houses in Lingford?
The following table provides the frequency distribution and cumulative frequencies of the cost of monthly rent for 120 apartments. What is the percentage of apartments whose monthly rent is less than $510?
Company X's government has seen the the balance of payments deficit steadily rising while they have been in power.
Which of the following would be a good policy to implement to counteract this?
Pills Pharmaceuticals has founded a new department which focuses on big data analysis. The organisation plans to perform this analysis using data collected by two subsidiaries, one based in London and the other in San Francisco.
Which of Gartner's 'Three Vs' is applicable to this scenario?
RubTech has decided to build a new rubber production facility just outside the semi-rural town of Pettisbury. The majority of workers at the plant are to be sourced from abroad.
Which of the following could potentially be negative externalities of the decision to build the production facility?
Brian has 80 bonds with a total market value of £2400. The interest rate on these bonds is 2.34%.
Using these figures, which of the following is the running yield of each of Brian's bonds?
The government has set a maximum house price due to a massive house price rise in the last decade. This is denoted by the line Q1Q2 on the graph.
Which of the following may occur in light of the introduction of the maximum house price as it appears on the graph?
Select ALL that apply.
Quantitative easing, the purchase of government or private securities by the central banks from investors, is an example of
PetsPlus Pic. has outsourced its marketing operations to the recently established marketing firm MarketMe. MarketMe has devised and distributed an online survey on behalf of PetsPlus Pic, asking customers to
evaluate the products they purchase from the company.
An example of a question from the survey is as follows:
'What do you think of PetsPlus's decision to outsource its marketing operations to a marketing firm?
Which of the following best describes why this question will not yield good information for PetsPlus?
TrowPlan Ltd. is planning on growing their business through expanding their real estate holdings. In order to do this, they have taken out a bank loan of £2 million. This loan is to be repaid by TrowPlan Ltd. over a period of
14 years with an interest rate of 10%. However, there are rumours of recession in the banking sector, and the economic uncertainty caused by Britain's vote to leave the EU continues to decrease the value of pound
sterling.
In these circumstances, which of these options would be the least suitable course of action for TrowPlan Ltd. to take?
Select ALL that apply.
Other things being equal, an increase in a country's balance of payments deficit on current account means that
The economy of Country V is initially in equilibrium at a level of national income and employment denoted by Y, at price level denoted by P If there is an increase in aggregate demand, indicate on the graph below the new equilibrium point in the economy.
If out of every £20 million increase in national income, £2 million is saved, £4 million is spent on imports and £4 million is paid to the government in taxation, an increase in exports of £40 million will lead to an eventual increase in national income of
A trade agreement that removes all import tariffs between member countries, sets up common external tariffs against non-members, but does not advance toward economic integration is called
As a result of a period of rapid economic growth, an economy is likely to experience all of the following except which one?
A company in Country M owns a subsidiary in Country O valued at OS200 million. The rate of exchange between the Country M dollar (M$) and the Country O dollar (OS) is OS1 - MS6
If the Country M S depreciated by 10% what would be the increase or decrease in the MS valuation of the subsidiary?
Give your answer in whole millions and indicate whether it is an increase or decrease.
An investor has bought a financial asset that pays a variable interest rate at the end of a three-year period At the same time, the invest forward rate agreement (FRA) on an agreed forward rate of 3% at the asset's maturity. What is the advantage of the FRA?
Complete the table inputting the relevant effect for each of the scenarios listed.
Which of the following would tend to make the market supply of a good price inelastic?
A company currently sells 10,000 bottles of "bright pink" nail varnish every year at $5 per bottle If the price is reduced to $4.50 per bottle it is expected that the company will sell an extra 2,000 bottles
What is the price elasticity of demand of the nail varnish?
The following table reports are for five hotels belonging to the same hotel chain, the rank in terms of sales performance (with 1 - best average score obtained in customer reviews, and the rank in terms of average score from customer reviews (with 1 = best average ..
Calculate the Spearman's rank correlation coefficient to one decimal place:
The government of Country Z imposes a tariff on all imports of coal from other countries Which THREE of the following are possible effects of this decision in Country?
Company A uses the trend equation, y = a + bt, to forecast sales, where y are sales and t are time periods measured in units At time period zero, sales were $865,000 In period 5. sales have increased to $1.245.000 Calculate coefficient b (without any decimal points):
Which TWO of the following would be objectives for internal stakeholders in a profit-seeking organisation?
Which of the following describes the effect an interest rate rise may have on a company?
A business has a short-term problem with its payments exceeding its receipts. Which TWO of the following would be appropriate for meeting this financial shortfall?
If the production of a good involves an external social cost, resource allocation could be improved by:
Firms may suffer from X-inefficiency because of organizational slack. All of the following would lead to organizational slack except which one?
Why do monopoly market structures charge higher prices than would be charged by more competitive market structures?
All the following statements about small firms are correct except one. Which statement is incorrect?
If a manufacturing firm contributes to global warming as a byproduct of its production process, this is an example of
When a minimum price is imposed on a good by the government, which is above the equilibrium price:
All of the following statements about a firms total revenue curve are true except which ONE?
The average price of recorded music CDs has been declining for several years. Which of the following changes in market conditions would NOT be a cause of this?
Which of the following events might cause the demand curve for chicken meat to shift to the right?
Which ONE of the following statements does NOT describe a position of profit maximization?
A shift in the supply curve for a good will have the biggest effect on the market price when the demand curve for the good
In a market economy the market mechanism can achieve all the following except one. Which is the exception?
Porter describes differentiation as a firm having a unique product or service that is valued by the customer. Which ONE of the following is NOT a factor in the higher prices and profits from differentiated products?
.phone, a smartphone manufacturer, currently dominates the smartphone market.
Which of the following may explain why this is beneficial for the smartphone industry?
A business analyst has configured a trend regression for the sales of company X. The following table reports the ratios between the actual quarterly sales of company X and the calculated trend, for the period of four years.
What is the seasonal component in the fourth? Give your answer to the decimal places.
The managing director of Polly's has been given a pie chart showing the current proportion of sales across the chain's five stores.
Which of the below are the most significant reasons why the pie chart is an inappropriate way of expressing this data?
Select ALL that apply.
A firm is considering a large capital investment project. It is considering delaying it in case the government introduces special tax breaks for investment that will reduce the tax the firm pays. In which stage of the trade cycle is the government least likely to reduce taxation?
Which ONE of the following should NOT be classed as an agent of a firm's shareholder?
All the following statements relate to an increase in government spending which is not accompanied by an increase in taxation. Which statement is NOT correct?
Which ONE of the following is an External stakeholder in a state-owned energy provider?
In a recession which ONE of the following would be likely to experience the largest fall in demand for its products?
TESTED 16 May 2024
