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CIMAPRO17-BA1-X1-ENG Exam Questions & Answers

Exam Code: CIMAPRO17-BA1-X1-ENG

Exam Name: BA1 - Fundamentals of Business Economics Question Tutorial

Updated: Apr 25, 2024

Q&As: 60

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Practice These Free Questions and Answers to Pass the CIMA Certifications Exam

Questions 1

DRAG DROP

Complete the table inputting the relevant effect for each of the scenarios listed.

Select and Place:

Show Answer
Questions 2

The following scatter diagram displays the total life expectancy in years on the X axis and GDP per capita (constant 2000 $) on the Y axis, in Country S for the past 40 years. Which of the following statements is true in respect of the graph?

A. A perfect positive linear relationship is shown in the diagram.

B. In most years, the samples shows a clear negative trend in the diagram.

C. There is no correlation between the level of GDP per capita and life expectancy.

D. In some years, the level of GDP per capita and life expectancy moved in opposite directions.

Show Answer
Questions 3

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? (Choose two.)

A. A bank overdraft

B. A bill of exchange

C. A mortgage

D. Issuing shares

E. A leasing arrangement

Show Answer
Questions 4

Which THREE of the following are characteristics of good information? (Choose three.)

A. Accuracy

B. Confidentiality

C. Verifiability

D. Accessibility

E. Trustworthiness

F. Relevance

Show Answer
Questions 5

Country A's tax system is one where every citizen pays tax on earned income over $12,000 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?

A. Progressive

B. Regressive

C. Retentive

D. Proportional

Show Answer

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