Cima spoto sure Pass Exam Ba1 Pdf by Winter q187 vce pdf

Page: 16 / 17

Exam Name:	Fundamentals of Business Economics
Exam Code:	BA1 Dumps
Vendor:	CIMA	Certification:	CIMA Certificate
Questions:	468 Q&A's	Shared By:	winter

Question 64

Pills Pharmaceuticals has founded a new department which focuses on big data analysis. The organisation plans to perform this analysis using data collected by two subsidiaries, one based in London and the other in San Francisco.

Which of Gartner's 'Three Vs' is applicable to this scenario?

Options:

Variety

Volume

Velocity

Verification

Discussion

Question 65

In fiscal policy, the term automatic stabilizer refers to any factor that

Options:

Operates to reduce cyclical fluctuations in output without active government policy.

That causes aggregate demand to rise in recession and fall in booms.

Prevents the government budget from moving too far into surplus or deficit.

Prevents recessions and booms by ensuring that aggregate demand remains constant.

Discussion

Question 66

Mrjohnson, the managing director of Brilliant Buys, wants to plot the cumulative sales figures for each store nationwide over the course of a year on a graph. The sales by store are shown below:

Questions 66

If these figures were plotted on an ogive, what would the line of cumulative frequency look like?

Options:

Rises until it reaches sales of £900,000 or less on the x axis, then declines

Rises until it reaches halfway between sales of £700,000 and £900,000 on the x axis, then declines

Rises until it reaches 43 stores on they axis, then declines

Rises until it reaches 43 stores on the x axis, then declines

Discussion

Question 67

ToyTown, a soft toy manufacturer, produces what it claims to be the cheapest teddy bears on the market. The graph shows the current price of a ToyTown teddy bear and its relationship to the demand for ToyTown teddy

bears.

If the price of ToyTown teddy bears were to increase, what would happen to the demand?

Options:

Demand would fall as consumers would look for alternative teddy bears to buy

Demand would increase because the teddy bears would be seen as more prestigious by consumers due to their higher prices

Demand would fall as the relationship between price and demand as shown in the graph is inelastic

Demand would increase as the relationship between price and demand as shown in the graph is elastic

Discussion

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