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Fundamentals of Business Economics Questions and Answers

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Question 1

The graph shows house prices in Lingford, a large urban town in a prosperous region.

Which of the following would be the equilibrium price for houses in Lingford?

Options:

£390,000

£400,000

£410,000

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Question 2

Select the best definition of the corporate governance of a company from the list below.

Options:

The structure and functions of the Board of a firm

The systems by which companies are directed and controlled

The composition and duties of the management of a company

The financial and non-financial performance of a company

Question 3

In a market economy the market mechanism can achieve all the following except one. Which is the exception?

Options:

Signaling changes in consumer tastes

Causing supply to respond to changes in demand

Eliminating excess supply and demand

Ensuring a socially fair distribution of goods and services

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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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Fortinet

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