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BA1 Exam Dumps : Fundamentals of Business Economics

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Fundamentals of Business Economics Questions and Answers

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Question 1

Which ONE of the following is regarded as a general characteristic of an organization?

Options:

A.

Controlled performance of its activities

B.

Social goals towards society

C.

Collective goals towards society

D.

Social arrangement of people

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Question 2

'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

Options:

A.

UK exports have become less price competitive

B.

The UK inflation rate has increased

C.

UK interest rates must have increased

D.

The strengthening pound has improved the UK balance of payments on current account

Question 3

One of the features of an oligopoly market is that the pricing strategy of producers

Options:

A.

is conditioned by the expected reaction of rival producers

B.

tends to ignore expectations about consumer reactions

C.

is constrained by the absence of barriers to entry into the industry

D.

is largely determined by government competition rules

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