Online Access Free BA1 Exam Questions

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

• A.Social arrangement of people
• B.Collective goals towards society
• C.Social goals towards society
• D.Controlled performance of its activities

Which of the following is likely to cause the demand curve of margarine to shift to the left?

• A.A fall in the price of margarine
• B.A successful advertising campaign by butter producers
• C.A fall in the cost of vegetable oils
• D.A fall in the price of bread

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?

• A.Verification
• B.Variety
• C.Volume
• D.Velocity

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

• A.A cost that will not rise from year to year
• B.The difference between total cost and average cost
• C.A cost that rises as efficiency falls
• D.A cost that stays constant as output falls

When the government intervenes in the market economy to correct a market failure

• A.The problem of government failure may result
• B.The intervention always creates a surplus
• C.Economic welfare always increases
• D.In all cases the market mechanism ceases to function