Peter holds his current and savings accounts with Western Mutual.
Which of the following is a benefit that Peter should expect to enjoy from possessing accounts with Western Mutual?
Golden Crisp Cereals plans to build its new factory on the outskirts of Bimbleton, an affluent medium-sized town where its current headquarters is based. The area where they are planning to build the factory was
formerly a country park.
Of the following, which stakeholder would be most likely to protest against the construction of the new Golden Crisp Cereals factory?
The interest rate at TrowBank is currently running at 7%. The number of customers borrowing to invest has fallen drastically.
Which of the following explains why this is the case?
Select ALL that apply.
Quantitative easing, the purchase of government or private securities by the central banks from investors, is an example of
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?
MakeHay are struggling to co-ordinate their different departments so that deadlines are hit. Two managers suggest different ideas to solve this issue.
Manager Smith suggests MakeHay open a new office who is responsible for co-ordinating the different departments, and would also have their own production targets.
Manager Jones suggests that opening another office would increase production, and so ensure deadlines are hit.
Why is neither manager correct?
Betsy's Fish Foods Pic. has issued shares in a prospectus.
Which of the following are benefits of selling shares in this manner?
Select ALL that apply.
Which of the following is a primary objective of a not-for-profit organisation?
Government X has just increased taxes in order to limit spending and hence demand.
Which of the following is most likely to have been the cause of this fiscal policy?
A bottle of brandy costs £25 in Country X, including both unit tax and ad valorem tax. These taxes are applied throughout the production process.
Which of the following applies to this particular scenario? Select ALL that apply.
The managing director of Polly's, a department store, has found that ten of its stores located in the south east of England have seen a significant fall in profit margin.
Which of the following is most likely to be the cause of this?
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.
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?
'The £ has risen against other currencies since August, defying forecasters who thought that the UK's widening trade deficit must cause the £'s exchange rate to fall.'
From the above information, it can be concluded that, since August
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):
Larger companies may benefit from economies of scale due to which THREE of the following?
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 ?
Which of the following describes the slope of a normal supply curve?
Conflict between the objectives of shareholders and those of management in a company may anse because
Which THREE of the following are examples of supply-side policies?
Company GHI wishes to develop a linear model for forecasting tractor sales based on the number of sales people it employs. In the model, tractor sales will be the dependent variable and the number of sales people the independent variable
The company has collected sales data from each of its branches over the past year which has been reported below:
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:
Based on the past twenty months, an event decorating company develops a trend equation for forecasting sales revenue (y) where y = 4.38 + 1.32x.
If month 21 has a seasonal factor of times 1.07, then what is the forecast for the month, using a multiplicative model? Give your answer to two decima places.
Which of the following are the likely consequences, in the domestic of a county, of an increase in interest rates?
1. A rise in demand for capital goods
2. A fall in demand for consumer good.
3. A fall in demand for housing
4. A rise in the exchange rate.
Setting a minimum wage above the equilibrium wage
For a typical business, which of the following is NOT a potential benefit of globalisation?
Which of the following is a feature of nol-for-profit organisations (NFPs)?
Which of the following is correct regarding data?
Data can be recorded as:
(1) numbers.
(2) symbols.
(3) raw facts.
Which of the following are not classed as a non-bank financial intermediary?
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
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?
Following a 10% reduction in the value of its currency, the volume of imports into the country falls by 10%, whilst the volume of exports rises by 15%.
Which of the following effects will occur?
Which theory of the firm is described by the following statement?
'The decisions of management are the result of a political maneuvering of the various stakeholders connected to the organization.'
Which one of the following methods of government borrowing is most likely to be inflationary?
The sale of:
The Global Banking Crisis showed that banks had failed in all of the following ways except which ONE?
The euro currency market is
A business could meet a short term financial need by all of the following except one. Which ONE is the exception?
The International Monetary Fund uses the funds at its disposal to
The real rate of interest is
Central banks fulfill all of the following functions except which?
Select the best definition of the corporate governance of a company from the list below.
Calculate the yield to an investor available from the following commercial bill:
Face value$100,000
Market price$98,500
Maturity90 days time
Country Y and country Z both impose tariffs on goods imported from each other. Which of the following would likely to be a long-term effect of the imposition of such tariffs?
Which of the following statements about macroeconomic policy objectives is correct?
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?
When the economy is in recession, which of the following is least likely to reduce unemployment?
The level of national income in the circular flow will remain constant if
Which ONE of the following is NOT required in calculating the EPS of ABC plc?
Which of the following would result from a depreciation in the exchange rate for a country's currency?
i. A fall in the foreign exchange price of that country's exports.
ii. A rise in the foreign exchange price of that country's imports.
iii. A rise in production costs for businesses using imported inputs.
iv. A worsening in that country's terms of trade.
v. A fall in the domestic prices of that country's imports.
vi. A rise in the domestic price of that country's exports.
Which global financial institution is responsible for making long term loans to assist developing countries to invest and develop?
A country's gross national product (GNP) will be higher than gross domestic product (GDP) if:
Which of the following statements best describes a private firm?
Which of the following statements about the difference between profit and shareholder wealth is false?
Which of the following is not taken into account by the discount factor applied to future earnings when calculating shareholder value?
Which of the following economic conditions is likely to lead to demand-pull inflation?
Which of the following will be characteristics of the stakeholders most able to influence the management of an organization?
Which of the following is likely to cause the demand curve of margarine to shift to the left?
Why do monopoly market structures charge higher prices than would be charged by more competitive market structures?
A market is in equilibrium. If the government imposes a minimum price above the equilibrium price, there will be:
Which of the following sets of conditions will lead to greater stability (or convergence) of prices in the Cobweb model (or Cobweb theorem)?
Merit goods are typically characterized by
Firms in competitive markets can earn only normal profit in the long run because:
A market for a normal good is in equilibrium. What will happen in this market if there was an increase in consumer incomes?
Which ONE of the following conditions would lead to instability over time in the incomes of producers of primary products?
Which of the following statements about public goods is correct?
All of the following are examples of externalities except which one?
If the production of a good is characterized by significant external social costs, resource allocation can be improved by the government:
When the government intervenes in the market economy to correct a market failure
Which of the following are examples of long run internal economies of scale?
i. Mass production using robot machine tool technology
ii. Obtaining lower prices when buying raw materials in bulk
iii. Long run technical change in the industry
iv. The emergence of specialized training institutions for the industry
v. Lower borrowing costs for large firms
vi. The spreading of fixed costs over a larger output
Which ONE of the following statements best describes the impact of a government minimum price established above free market price?