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Free CIMAPRA17-BA1-1 Exam Braindumps
BA1 - Fundamentals of Business Economics Questions 111–115 (page: 24)

Updated On: 9-Feb-2026
Page 24 of 95
PDF with 468 Questions

The 'satisfying' model of business behavior states that business will aim to:

  1. seek profits as the primary business objective
  2. concentrate on the long run growth of sales
  3. attempt to meet the differing demands of various stakeholders
  4. satisfy shareholders demands to maximize shareholder wealth

Answer(s): C



XYZ plc has relocated its head office to a new site which enjoys better road communications and is close to a training college that teaches the skills needed to work at XYZ plc.
Why will XYZ's costs fall?

  1. It will gain the benefits of technical economies of scale
  2. It will gain the benefits of managerial economies of scale
  3. It will gain the benefits of external economies of scale
  4. It will gain the benefits of financial economies of scale

Answer(s): C



In the long run a firm may find its average cost of production rising because

  1. of the operation of diminishing returns to a fixed factor
  2. of the effect of diseconomies of scale
  3. over time the price of purchased inputs rises
  4. in the long run all costs are variable costs

Answer(s): B



Which of the following influences explains why the average costs of a firm will rise in the short run?

  1. Diseconomies of scale
  2. Rising unit costs
  3. Diminishing marginal returns
  4. Diminishing returns to scale

Answer(s): C



Which ONE of the following statements best defines a fixed cost?

  1. A cost that will not rise from year to year
  2. A cost that rises as efficiency falls
  3. The difference between total cost and average cost
  4. A cost that stays constant as output falls

Answer(s): D



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