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All of the following are advantages of a system of floating (flexible) exchange rates except one. Which ONE is the exception?
When central banks adopt a policy of 'quantitative easing' this means that they:
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?
If a firm reduces the price of its good from $10 to $8 and, as a result, sales rise from 20,000 per month to 22,000 per month, the price elasticity of demand for its good must be
Every year a household allows its bank account to become overdrawn for 3 months to pay for its annual holiday. Which one of the following statements correctly describes this?
Which of the following best describes a project that has a negative Net Present Value?
Company X is a wholesaler. It sells the majority of its products in bulk to a small number of restaurants and cafes in the local area.
Which of the following will Company X experience in light of this?
Select ALL that apply.
Which of the following are reasons why the principal-agent problem is so critical for businesses? 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?
The government of Vencia has set out in its Budget a restrictive set of fiscal policies. These include raising VAT and the basic rate of income tax to 25%. The Bank of Vencia must now implement this Budget as monetary
policy.
Which of the following best outlines how the Bank of Vencia might do this?
Brine Bank is facing a liquidity crisis.
Which of the following should the central bank NOT do in response to this?
Select all that apply.
Jacob's Tobacconists have recently been hit by the increase in tax on tobacco products in the UK. The graph shows the drop in demand after the tax was applied to these products.
What might the amount denoted by the difference between PO and P1 on the graph be used for?
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.
West Morton Rail has calculated that the number of passengers travelling on their railway increases during school holidays, while the inverse is true for most other railways in the country.
Which of the following is the most likely reason for this unusual correlation?
A commercial airline uses its database to develop the following regression model to predict the cost of a flight Y (in dollars) by number of passengers:
Y = 1,570 +40 7x
Which of the following statements is correct in relation to the airline'?
The manger of a branch of retailer Brilliant Buys wants to calculate the correlation between employee happiness and productivity. He has ranked each of the 10 employees at his branch in both fields, as shown to the left.
What degree of correlation is there between productivity and happiness at Brilliant Buys, using Spearman's coefficient?
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
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?
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?
A government issues a security which promises to pay $100 per year indefinitely. What is it worth if the required rate of return is..
The following table shows the profits of a business and an index of the general price level for 4 years
How does the level of real (inflation adjusted) profits in 20X4 compare to those of 20X1 ?
The use of hedging is to reduce or eliminate exposure to which of the following?
1. Credit risk
2. Economic risk
3. Transaction risk
4. Transition risk.
Based on historical time series data, a chemicals company uses sales ($million) as the y variable and time (year) as the x variable and equation.
y = - 3935 47 + 2 02x
Using the equation, what is the company's predicted sales for the year 2020? Give your answer to the nearest million.
A business sells 10,000 units of its product pet month at a unit price of $10 It reduces the pnce to $88,000 per unit As a result its total reviewed $88,000 per month. What is the price elasticity of demand for this product?
A manufacturing company is considering a new investment project.
Which TWO of the following would reduce the net present value of the investment to the business?
According to the principle of comparative advantage which of the following explains how country V may benefit from international trade?
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?
In recent years, consumer groups have become more vocal in calling for the boycott of producers whose suppliers do not comply with international regulations on workplace safety and child labour A fashion company that outsources its production to low labour cost countries should include this phenomenon in which part of their PESTEL framework?
A hairdressing salon can either invest in
1. New. more comfortable chairs at a cost of $5,000
2. New shop windows at a cost of $4,000
Over the next five years. Investment 1 will generate an additional amount of profit whose present value is $6,000. while Investment 2 additional amount of profit whose present value is $5,500
What is the net present value of the best project? Give your answer to the nearest whole dollar.
industrial action is more likely to occur within a large organisation than a small organisation, due to senior management becoming re managers becoming complacent, as well as shop floor hostility. The effect of this will be an increasing average cost as production
The statement above is most closely describing an example of which of the following?
Firms in competitive markets can earn only normal profit in the long run because:
Which of the following statements most accurately describes the role of an agent as defined in principal-agent theory?
Which of the following is most likely to increase rather than to reduce market imperfections?
If the government imposed a legal minimum wage that was above the market equilibrium wage, the resulting unemployment would be the greatest when:
Which of the following events might cause the demand curve for chicken meat to shift to the right?
All of the following statements about a firms total revenue curve are true except which ONE?
XYZ plc has relocated its head office to a new site which enjoys better road communications and is close to a training college that teaches the skills needed to work at XYZ plc. Why will XYZ's costs fall?
All of the following factors contribute to the instability of agricultural prices except which ONE?
All of the following would provide justification for government competition authorities to investigate the businesses involved except one. Which ONE is the exception?
Which of the following is likely to cause the demand curve of margarine to shift to the left?
£100 of new cash is issued, which is then deposited in a bank which is part of a banking system operating a cash ratio of 10%. The maximum possible increase in the money supply which can follow from this transaction, additional to the initial deposit, is
A business could meet a short term financial need by all of the following except one. Which ONE is the exception?
Which ONE of the following was NOT a consequence of the Global Banking Crisis that began in 2007?
Why was the Global Banking Crisis of 2007 followed by a credit crunch of low lending?
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?
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 will be characteristics of the stakeholders most able to influence the management of an organization?
In a recession which ONE of the following would be likely to experience the largest fall in demand for its products?
In a fully employed economy, which one of the following would lead to demand pull inflation?
In which of the stages of the trade cycle should the management accountant consider forecasting lower sales than in the previous 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:
The consequences of globalization for national economies include all of the following 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?
TESTED 05 May 2024