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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 of the following are external stakeholders for an organization?

i. Shareholders

ii. Customers

iii. Government

iv. Trade Unions

v. Pressure groups

vi. Employees

Options:

A.

(i), (ii) and (iii) only

B.

(ii), (iii) and (iv) only

C.

(iii), (iv) and (v) only

D.

(i), (v) and (vi) only

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Question 2

Which of the following describes a 'spot rate' in foreign currency dealing?

Options:

A.

It is a short term rate that may change in the immediate future

B.

It is the price for a currency that is to be delivered immediately

C.

It is the exchange rate minus any commissions or transactions charges

D.

It is the exchange rate minus the inflation rate

Question 3

Oxfam is a charity established to provide aid to the poor. Which ONE of the following statements about Oxfam is FALSE?

Options:

A.

It is a private sector organization

B.

It pursues social goals

C.

It is a not-for-profit organization

D.

It is responsible to its shareholders

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