Free CIMA CIMAPRA17-BA1-1-ENG Exam Questions

Become CIMA Certified with updated CIMAPRA17-BA1-1-ENG exam questions and correct answers

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Total 471 Questions | Updated On: Feb 18, 2025

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Question 1

Which of the following influences explains why the average costs of a firm will rise in the short run?

A : economies of scale

B : ing unit costs

C : minishing marginal returns

D : minishing returns to scale

Answer: C

Question 2

The main purpose of government competition policy is to

A : event mergers between large companies

B : trict anti-competitive behavior by firms

C : mit the ability of firms to secure long run excess profits

D : force competition by breaking up large firms

Answer: B

Question 3

In a recession which ONE of the following would be likely to experience the largest fall in demand for its products?

A : manufacturer of industrial machine tools

B : chain of supermarket grocery stores

C : motor insurance company

D : toothpaste manufacturer

Answer: A

Question 4

Since its release. Bob Aker's 'Cooking to Go' has sold the following number of copies each Q1:

(i). 2X13:200

(ii). 2X14:430

(iii). 2X15:530

(iv).2X16:450

Using these figures and the equation, y (trend) = 500 + 20x, which of the following is the mean seasonal average of sales of Bob Aker's 'Cooking to Go' for Q1 over the last four years?

Calculate all the final and answer and all intermediate workings to 2 dp.

A : 0.77

B : 0.85

C : 1.02

D : 4.5

E : 0.63

Answer: A

Question 5

Bishops Financial Services has outsourced its HR Department to Resources4U.

Which of the following is most likely to be considered when deciding to outsource parts of the business to another company?

A : ources4U's lack of business history

B : cost of increasing the number of staff on the payroll

C : small size of Bishops Financial Services as a business

D : possibility of contract renegotiation at a future date

Answer: A

Page: 1 / 95

Total 471 Questions | Updated On: Feb 18, 2025

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