BTF_Chapter 7_Finance Function

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Questions 32/32 điểm

↑ Chi whaih
1- Collinson plc is a medium-sized group operating at four location in the *1/1
UK. It operates a centralized finance function and is concerned that the 1 >
- finance function o tin so chine
function as a whole is not performing well. Centralization of this finance
function is least likely to be effective in:

Jeffective
a. External reporting to shareholders

b. Recording financial transaction

c. Managing cash

whanh muon update tin thi phong

d. Internal reporting to operational managers > 1
-
chi

think thip' chay lin tru so

2- Maureen is employed in the finance function of Gralam plc. Her duties *1/1
are to ensure that the company always has sufficient funds available to meet
cash
both its short-term and long-term financial requirements. It is clear that
Maureen is employed by Gralam plc in its:

a. Financial reporting section

b. Management accounting section

c. Treasury management section

d. Transaction processing section

3. Regarding the finance function, preparing internal reporting for planning and *1/1
control to those charged with management and governance is the main task
of:

Management accounting.

Recording financial transactions.

Financial reporting.

Treasury management.

4- Harold is an accountant with Farmworth plc. He was asked to join a *1/1

ktia than thi
project team examining the company’s compliance with both IFRS and ISAB
standards. It appears, therefore, that Harold has been recruited into this
project team to exploit his expertise in:

a. Financial reporting

b. Performance measurement

c. Corporate governance

d. Information system
5- Novel plc is establishing its accounting and finance function. The *1/1
company has been told there are two purposes of published, audited financial
statements. These are to help users assess how effectively managers are
running a business, and to make judgements about the likely levels of risk and
return in the future. Which of the following user groups of Novel plc’s
published, audited financial statements is most likely to use accounting
information for these purposes?

a. Community representatives

b. Employees

c. Shareholders

d. Managers

6- When a company’s finance function prepares financial statements in *1/1

accordance with legal rules and accounting standards, it is engaged in the
support activity of:

a. Record-keeping and stewardship

b. Planning and control

c. External reporting

d. Internal reporting

7- Mainstream Ltd’s finance director is establishing an effective system in *1/1

the finance function for producing management accounting reports. Which
issue should be the finance director’s primary consideration?

a. The information needs of the company's manager (to make decisions

b. The need for effective internal control mechanism

c. The need for cost-effectiveness

d. The need for effective information security

8- Tram plc’s finance function must provide information to management on *1/1

the company’s balanced scorecard. This role is undertaken as part of Tram
plc’s:

a. Statutory audit requirement

b. Financial reporting function

c. Treasury management process

d. Performance measurement system

9- “Effectiveness”, “Economy”, and “efficiency” are often mentioned with *1/1
reference to resource use. Match these terms with the definition below: (1) A
reduction or containment of costs; (2) Achieving maximum output at minimum
cost; (3) The measure of achievement by reference to objectives

a. 1 = effectiveness; 2 = economy; 3 = efficiency

b. 1 = economy; 2 = efficiency; 3 = effectiveness

c.1 = efficiency; 2 = effectiveness; 3 = economy

d.1 = economy; 2 = effectiveness; 3 = efficiency

10- Which statement about critical success factor (CSFs) for a business is *1/1
true?

a. Low cost will always be a CSF; high sales revenue will always be a CSF

b. Low cost will always be a CSF; high sales revenue will not always be a CSF

c. Low cost will always not be a CSF; high sales revenue will always be a CSF

d. Low cost will not always be a CSF; high sales revenue will not always be a CSF

11- Three basic approaches to performance measures are measures of *1/1

economy, efficiency and effectiveness. Economy is measured by:

a. The amount of resources used for the tasks that have been achieved

b. The success in achieving goals and targets

c. Team member satisfaction and the motivational climate

d. The success of the team or work group in controlling its costs

12- A consultant has made two statements about the primary focus of the *1/1
users of financial statements of an entity. Statement (1) – The primary focus of
suppliers is on the entity’s risk and return; Statement (2) – The primary focus
of shareholders is on the entity’s solvency. Identify whether each statement is
true or false.

a. Statement (1) true; Statement (2) false

b. Statement (1) false; Statement (2) false

c. Statement (1) true; Statement (2) true

d. Statement (1) false; Statement (2) true

-

13- Tom works in the finance function of Bateman Ltd., which trades with *1/1
many companies around the world. His duties involve managing the
company’s foreign exchange requirements. From this it can be seen that Tom
is employed by Bateman Ltd in its finance function’s:

>
gli ngoai hoi
a. Financial reporting section

b. Management accounting section

c. Treasury management section

d. Financial transaction recording system

14- Chinward Ltd manufactures garden furniture from recycled wood and *1/1
wishes to apply the sustainability reporting standard issued by the Global
Reporting Initiative (GRI) in its sustainability reporting.
Statement (1): Under the environmental section of the report, the company
should identify the total weight of wood used in the manufacture of its products
in the financial period. ~
Statement (2): Under the social section of the report, the company should
identify the number of new workers employed in the financial period by age,
gender and region. Identify whether each statement is true or false. ~

a. Statement (1) true, Statement (2) false

b. Statement (1) true, Statement (2) true

c. Statement (1) false, Statement (2) false

d. Statement (1) false, Statement (2) true

15- Historically, the role of the finance function at Delbin plc has been viewed *1/1
primarily in terms of reporting and control. However, the senior management
team at Delbin plc are keen on for the finance function to have more role as a
business partner. In which of the following should members of the finance
function expect to become increasingly involved as a result of the business
partnering role? dain phai
1-formulating strategies; 2- commercial decision making and negotiations; 3-
provision of accurate accounting information.
function san
part ?
finance
,
key
a. (1) and (2) only

b. (1) and (3) only

c. (2) and (3) only

d. (1),(2), and (3)

16- Mai is employed in the finance function. Her duties are to ensure that her *1/1
company always has sufficient funds available to meet its financial
requirements. Mai is in her company’s:

Management accounting.

Recording financial transactions.

Financial reporting section.

Treasury management section.

17- Regarding the finance function, preparing financial statements for external *1/1
users is the main task of:

Management accounting.

Recording financial transactions.

Financial reporting.

Treasury management.

18- Regarding the finance function, managing cash budgets, working capital, *1/1
investments, and raising long-term finance are the main tasks of:

Management accounting.

Recording financial transactions.

Financial reporting.

Treasury management.

19- Regarding types of performance measures, the quantity of product *1/1

produced in relation to the resources put in is included in:

Profitability measures.

Productivity measures.

Liquidity measures.

Solvency measures.
 20- Regarding types of performance measures, “net margin of 10% on *1/1
revenue of $100,000” is included in:

Profitability measures.

Productivity measures.

Liquidity measures.

Solvency measures.

21- When a company’s finance function prepares financial statements in *1/1

accordance with legal rules and accounting standards, it is engaged in the
support activity of:

Stewardship. >
- financial reporting

Planning and control. >

-

management accounting
External reporting.

Internal reporting.

22- TR plc’s finance function must provide information to management on *1/1

the company’s balanced scorecard. This role is undertaken as part of TR plc’s:

Statutory audit requirement.

Financial reporting function.

Treasury management process.

Performance measurement system.

23- In the balanced scorecard, measures of profit margins and return on *1/1
capital would be included in:

Financial perspectives measures.

Customer perspectives measures.

Internal business process perspectives measures.

Innovation and learning perspectives measures.

 24- Regarding the measure of resource use, which of the following is the *1/1
definition of “Economy”:

tiet gi
A reduction or containment of costs. -

economy
in put

Achieving maximum output at minimum cost. -

efficiency

The measure of achievement by reference to objectives. -

effectiveness

The level of performance for the business to outperform rivals. X

25- Regarding the measure of resource use, which of the following is the *1/1
definition of “Efficiency”:

A reduction of containment of costs.

Achieving maximum output at minimum cost.

The measure of achievement by reference to objectives.

The level of performance for the business to outperform rivals.

26- Regarding the measure of resource use, which of the following is the *1/1
definition of “Effectiveness”:

A reduction of containment of costs.

Achieving maximum output at minimum cost.

The measure of achievement by reference to objectives.

The level of performance for the business to outperform rivals.

27- Which of the following characteristics belongs to management *1/1

accounting information?

It is governed by legal regulation. >

-
financial reporting
It is primarily used by shareholders. >
-
financial reporting
It is likely to include a cash flow forecast.

It is likely to include a statement of cash flows. >

-
financial reporting
 28- When the finance function works alongside other business functions *1/1
rather than being a separate function of their own, it means:

Financial innovation.

Business partnering.

Business analysis. >

-
management accounting

Financial reporting. >

- main task

29- Management of working capital is the function of which section? * 1/1

Financial reporting.

Treasury management.

Management accounting.

Recording financial transactions.

30- Managers use performance measurement for: * 1/1

Making investment decisions on buying a stock.

Expanding loans for a company.

Controlling and planning.

Making investment decisions on selling a stock.

31- Managing the company’s foreign exchange requirements belongs to *1/1

which of the following section in the finance function?

Financial reporting section.

Management accounting section.

Treasury management section.

Financial transaction recording section.

32- Thu works in the finance function of AB Ltd. Her duties involve *1/1
maintaining the sales ledger and providing information to the credit control
department. Thu is employed by AB Ltd in its finance function’s:

Management accounting section.

Financial transactions recording section.

Financial reporting section.

Treasury management section.

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BTF_Chapter 8_Business Finance
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Question 28/32 điểm

1. Regarding the business’s need for finance, funds for paying wages *0/1
and day-to-day expenses are to fulfill:

· Immediate needs.

& Short-term needs.

Medium-term needs.

Long-term needs.
 2. Regarding the business’s need for finance, funds for non-current *1/1
assets, such as machinery, vehicles, and buildings, are to fulfill:

Immediate needs.

Short-term needs.

Medium-term needs.

Long-term needs.

3. In relation to a listed company that is raising new finance, an offer for *1/1
the sale of stocks is a form of:

Public offering.

Factoring.

Borrowing.

Retained earnings.

4. Which of the following is NOT the source of equity finance? * 0/1

Retained earnings.

I Preference shares.

· Overdraft. > debt finance

New issues of shares.

5. Which of the following is a source of debt finance? * 1/1

Leasing. >
- thre iS

Rights issues of shares.

Retained earnings.

Preference shares.
 6. A bank undertakes to store and take reasonable care of a customer’s *1/1
property and to re-deliver it to the customer when required. In regards to
the bank and customer relationship, in which capacity is the bank acting:

Mortgagor.

Bailee.

Mortgagee.

Bailor.

7. Which of the following statements concerning preference shares is *1/1

correct?

Preference shares carry the same voting rights as ordinary shares.

Preference shares carry the right to a fixed rate of dividend each year.

The payment of a preference share dividend is guaranteed each year.

Preference shares are always a type of debt capital.

8. Which of the following financial instruments are available from *1/1

commercial banks?

Gilts.

Commercial paper.

Certificates of deposit.

Treasury bills.

9. Regarding financing exports and trading risks, the possibility of *1/1

payment default by the customer is:

Physical risk.

Credit risk.

Trade risk.

Liquidity risk.
 11. Which of the following is an example of an institutional investor? * 1/1

The Bank of England.

The Financial Reporting Council.

The Financial Conduct Authority.

A unit trust.

12. A market where new securities are bought and sold for the first time *1/1
is known as:

A futures market.

A secondary capital market.

A primary capital market.

A money market.

13. To pay for an increase in inventory and receivables, a firm needs: * 1/1

Short-term finance.

Medium-term finance.

Long-term finance.

Permanent finance.

14. Capital is made up of current assets minus current liabilities is *1/1

called:

Working capital.

Working assets.

Current assets.

Physical assets.

-
 15. Using a higher percentage of short-term finance can: * 1/1

Reduce the cost of capital but higher interest rate risk.

Increase the cost of capital but higher interest rate risk.

Reduce the cost of capital but lower interest rate risk.

Increase the cost of capital but lower interest rate risk.

16. A firm has $100 million in current liabilities and $80 million in *1/1
current assets. The current ratio of the firm is:

0.8
"C
1.0

1.25

1.5

17. In an average matching business, permanent current assets are *1/1

financed by:

Short-term trade credit.

Short-term debt.

Overdrafts.

Long-term debt.

18. If a company identifies a short-term surplus of cash, it should: * 1/1

Distribute to customers.

Buy a vacation for managers.

Invest in various financial products in the money markets.

Pay for fixed asset acquisition.

 20. Which of the following statements is most likely TRUE about a *1/1
bank:

A manufacturing unit.

A commercial company.

A financial intermediary.

A public organization.

21. Carrying out monetary and ensuring financial stability is the role *1/1
of:

Commercial banks.

Retail banks.

Unit trusts.

Central banks. Th

22. When a bank borrows the customer’s deposits and undertakes to *1/1
repay them, this refers to which of the contractual relationship between a
bank and a customer?

Bailor and bailee.

Principal and agent.

Receivable and payable.

Mortgagor and mortgagee.

23. When a bank accepts the customer’s property for storage in its *1/1
safe deposit, this refers to which of the contractual relationship between
a bank and a customer?

Bailor and bailee.

Principal and agent.

Receive and payable.

Mortgagor and mortgagee.

 24. LIBOR stands for: * Li suat Lien NH London 1/1

Lending Internal Business of Railway.

London Inter-Bank Offered Rate.

Loan Interest Bidding Over Rate.

cancalans chonhana
Lending Interest Board Offered Range.

vide huy dong 1st

25. Which of the following is internal and the most important source *1/1
of equity finance?

nank Cp' ms
phat

S
New share issuance. >
-

E -
Chien quyen chon
Right issues. >
-

nh guineDoane
phan pho
-co de
Retained Earnings. >
- LNsau thre chia

L >
-
Convertible bonds. >
- bonds la liability

26. Which of the following is external and the least important *0/1
source of equity finance?

⑳ New share issuance. >

-
vs new
company
Kno
:

hey doing

Right issues. >

- in tien
huy day cho Shareholder d nam
giu-avoid Phasoat
Retained Earnings. >
- most important

Convertible bonds. >

-
debt

27. A company issues a bond with a par value of $1,000 and a *1/1
fixed coupon rate of 5% per annum, paying interest annually. The interest
payment for bondholders is:

$1,000

$500

$50 = 1000 x 5%

$0
 28. In the banking system, secondary banks are also known as: * 1/1

[
Clearing banks. (thank toan but tri
bank
primary
Commercial banks.
Chan (e)
Retail banks.
bank (ban buon)
Merchant banks. >
-

secondary

29. A problem of going public is: * 1/1

Possibility of being taken over.

Concentration of control. X

Minimization of the costs of control and reporting systems. X

Access to large sources of finance. >

-
advantage

30. Debt capital in the form of securities issued by companies, *1/1

the government and local authorities is:

Bank Overdraft.

Common shares.

Factoring.

Loan stock. >

-

Chug (AN)

31. Financial instruments issued by large companies, which can *0/1

be held to maturity or sold to a third party before maturity, are:

Treasury bills. Chi

>
-

Certificate of Deposit. >

-
NH TM

& Bonds. Tsan dai bac

>
-
Y/c
so
⑳ Commercial paper. >
-

A gianhannothingthe
-
32. Which of the following statements correctly describes the *1/1
coupon rate of a debt instrument?
Isuaf c trai phien : xinh so tdink
ki investors nhaud

It is the interest charge payable on the debt instrument.

value
~ pal
It is the amount repayable at the end of the term of the debt instrument. >
-
ta goi
It is the credit risk of the debt instrument.
it qua thi
~
net
It is the amount payable on the debt instrument in excess of the Bank of England’s
base rate.

interest rate : co the "thay doi theo gia' it

33. A family-owned removal company has liquidity problems and needs an *1/1
injection of funds. From the following list identify which would be classified as
a source of short-term finance for this company?

Share capital.

Bank loan.

Factoring. >
-
Bao thank tran

Commercial mortgage.

34. ABC plc has recently sent goods to its first non-UK customer but *1/1
has taken out insurance because it is worried about the possibility of a
payment default. What type of risk does such a non-payment represent?

Physical risk.

Credit risk.

Trade risk.

Liquidity risk.

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Chapter 11- Governance & Ethics
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1. The agency problem concerns the misalignment in interests and conflicts of *1/1
interest between:

A. banks and financial markets

B.regulators and professional bodies

C.government and industry

D.directors and shareholders

2. In a company with weak corporate governance managers may be able *1/1

primarily to pursue their own rather than the company's interest because, in
relation to shareholders:

A.They have more information and high levels of accountability

B.They have less information and high levels of accountability

C.They have more information and low levels of accountability >

-

Agency problem
D.They have less information and low levels of accountability
3. In comparison with the corporate and the public policy perspectives on *1/1
corporate governance, the stakeholder perspective places at least emphasis
on: cach tip can

~
A. accountability

B. alignment of interests of shareholders and other stakeholders ~ 15t

tot )
C.good information (Dthu tot ,
Liv ,
...

D.efficient use of resources ~

tinh me
4. Good practice in corporate governance requires that openness and *1/1
transparency should be supported by:
time mine back

A. reducing the potential for conflicts of interest >

-

y rieng
B. disclosure of information

C. reconciling the interests of shareholders and directors >

-

i rieng
D. judging performance of directors on the basis of return on investment >
- a
countability

management board
HART kep supervisory board
5.In countries with a dual board structure, the supervisory board is elected by: * 1/1

A. shareholders only

B. employees only

C. shareholders and employees

D. shareholders, employees, and members of the management board

6. Business ethics are primarily moulded by the expectation of: * 1/1

~
ki vong XH ve- corporate social responsibility
A. directors

B. customers

C. government

D. society
7. Which three of the following attributes are identified by the Institute of 1/1
Business Ethics as being typical ethical business leaders?
ethical leadership :

fair mindedness -

Openess
-

Courage
honesty listen
-

Ability to
ability to listen -

Honesty
- Fair mindedness
empathy

accountability

risk tiggian)
investor :
seeking (physical assets , indirect investment via

8. In a market-based financial system, the financial system will be *1/1

characterized by:

A. comparatively more government regulation than a bank-based system

B. comparatively less close relationship between banks and businesses than in a

bank-based system

C. comparatively more risk averse households than in a bank-based system

D. households with less access to investment in physical assets than in a bank-

based system X

9. In the country of Zanadu, the population has a risk seeking attitude towards *1/1
financial matters. Zanadu's financial system is likely to be:

A. a market-based system

B. a stakeholder system

C. a bank-based system

D. a public policy system

investor
10. In seeking to address the problem of the separation of ownership and *1/1
manager
control, corporate governance attempts to align the interest of which of two of
the following stakeholders?

A. Investors

B. Employees

C. Regulators

D. Managers

E. Auditors
 track no DN/trach ne XH
11. Woolmer plc adopts corporate responsibility as a key element in its *0/1
strategies. This will mean that the company seeks to:

A. meet the minimum obligations it owes to stakeholders

· B. exceed the minimum obligations it owes to stakeholders

C. meet the minimum obligations it owes to shareholders

S D. exceed the minimum obligations it owes to shareholders X

> thief ke detain bao l ich cty

12. The stewardship approach to corporate governance requires directors of *1/1

limited companies:

A. to act all times in the best interest of the company

B. to allow shareholders to see detailed accounting records on request

C. to hold regular monthly meetings to answer shareholders' questions

D. to consult the shareholders over difficult management decisions

13. The board of directors of Lake plc is concerned that the current chief *1/1
&
langhghe executive's actions are undermining the ethical culture at the company. She
fails to listen to the concerns of managers about unfair treatment of suppliers,
and she has failed to learn from a recent scandal in which the company was
: horhode fined for data protection breaches. To improve the ethical culture at Lake plc,
which of the following is the most important action for the board to take?

A. Draft a code of business ethics for Lake plc's employees

B. Rewrite Lake plc's policies regarding suppliers and customers

C. Demonstrate leadership by encouraging Lake plc's chief executive to be more

open Copeness o dam bao)

D. Brief shareholders more fully about Lake plc's incentive scheme for managers

5 ↓ dan
Top
14. Which of the following is a list of the five key elements of good corporate *1/1
governance?

>
out top 5

A. Board of directors, senior management, employees, external auditors, internal

auditors

B. Senior management, shareholders, employees, external auditors, internal auditors >

- no BOD
T

C. Board of directors, senior management, shareholders, external auditors, internal

auditors

D. Senior management, stakeholders, external auditors, internal auditors,

government regulators
15. A director of a corporation is best characteristics as a: * 1/1

A. agent

B. trustee

C. fiduciary

D. principal >
- shareholder

co he thoug
dink tiong a ksoa't
16. How entities are systematically directed and controlled refers to which of *1/1
the following?

A. corporate governance

B. sustainability

C. agents

D. internal controls

thay do dink Mine a Im t share value

①
17. The CEO of American Foods has made a variety of significant investments *0/1
that have changed the firm's focus and diminished share value. One of
American Foods' shareholders has aggressively been acquiring shares and
now owns 10%. The shareholder has nominated Erik Sorenson to the board of
HDQT Co the 'y/c ong
directors in an attempt to oversee manager actions. Although Sorenson could ,
gu
lai
CEO tri chuc uhung
ask for the manager's resignation, he prefers that the manager makes choices
~ lai te choa adinh
that enhance firm value. This type of motivation is known as:

A. Performance share

B. Executive stock options

I C. Direct intervention can thiep tric kep'

· D. The threat of firing

18. The agency problem concerns the misalignment in interests and conflicts *1/1
of interest between:

banks and financial markets.

regulators and professional bodies.

government and industry.

directors and shareholders.

 1st
>
Fong
19. From the public policy perspective, which of the following is NOT the main *1/1
aim of corporate governance to ensure that the company meets?

The objectives of its shareholders.

The interests of other individuals and groups with a direct ‘stake’ in the company.

The interests of the public at large.

The best personal interests of its directors.

20. Which of the following is NOT true about the aim of corporate *1/1
governance? Corporate governance is to ensure that the company meets:

The objectives of its shareholders.

The interest of other individuals and groups with a direct “stake” in the company.

The interests of the public at large.

The interest of only managers.

21. Which of the following is NOT the symptom of poor corporate *1/1
governance?

Adequate control function.

Lack of independent scrutiny by external or internal auditors.

Lack of contact with shareholders.

Domination of the board.

Spoo

22. A German company, Albrecht AG, has a dual board structure for its board *1/1
of directors. This means that, in addition to the supervisory board, the
gian sat
company also operates a:

Unitary board.

Management board. van haul

Non-executive board.

Auditing board.
23. “Getting things done right” mentions: * 1/1

Governance. -right things

Public relationship.

Management.

Customer Care.

24. Which of the following is NOT a perspective on corporate governance? * 0/1

/ Public policy perspective.

Stakeholder perspective.

Stewardship perspective.

⑧ Management perspective. >

-
Cd

25. The stewardship perspective on corporate governance requires senior *1/1

management to:

Ensure the interest of the public at large.

Balance between economic and social goals.

Achieve long-term sustainable value for shareholders.

Act as the stewards of the company’s resources. (i ich to da icty)

26. Market-based financial systems are NOT characterised by: * 1/1

Households bear more risk and so hold more equity.

Households have greater access to investments in physical assets.

Markets are more important than banks for long-term finance.

Banks have close relationships with the businesses they lend to.

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 BTF_Chapter 13_Economic Environment
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1. The market for a product is a natural monopoly. Production of the product *1/1
must be associated with:

a. high marginal costs >

-

ngu
b. low margin costs

c. economies of scope acting as a barrier to entry

d. low fixed costs fixed costs

>
-

High

2. The cross elasticity of demand between A product and B product is zero. *1/1
The two product is:

a. complements

b. substitutes

c. veblen goods

d. unrelated
 PC
3. The UK government has recently imposed a maximum price on product A *1/1
which is set at lower level than its equilibrium price. In future, therefore, it can
be expected that there will be:

a. excess supply of the product

PE
b. excess demand for the product &

cho den
Prono ,

c. no effect on supply but an increase in demand

D
d. no effect on demand but a decrease in supply

4. An analyst with Lanes plc has drawn a supply curve for one of the *1/1
company's major product, the Ledo. The curve is a vertical straight line. This
indicates that supply of the Ledo is:

M P M

a. perfectly inelastic elastic

for inelastic
E for
I
b. unitary elasticity D

c. perfectly elasticity

d. one 7 7

5. There has been a significant rise in factor costs for the Tempo product *1/1
during recent months. It can be expected that there will be:
Si
↓
-

So
a. a contraction in demand and supply &

P
b. an expansion in demand and supply
Po

c. a contraction in demand and an expansion in supply

d. an expansion in demand and a contraction in supply QQ

6. In the market for the Optica product, competitors do not compete through *1/1
price. Instead they spend substantial sums of money on raising consumer
awareness through advertising. There is some differentiation between
products, often through branding. There are many buyers and sellers in the
market for the product. The market for Optica product is characterized as:

a. monopolistic

b. oligopoly

c. perfect competition

d. monopoly
7. Which three of the following are associated with conditions of perfect *1/1
competition?

a. Suppliers are price-makers

b. suppliers earn normal profits

c. consumers lack influence over market price

d. differentiated products

e. a single selling price

8. Gromet plc has been able to achieve significant external economies of *1/1
scale. This indicates that the market for the company's only product has been:

a. static, so forcing the company to achieve economies of scale in production

b. growing, so enabling the economies of scale to be achieved

c. contracting, so enabling the company to cut costs in distribution

d. volatile, meaning that internal economies of scale were unattainable

floor price) PE
9. The minimum price for a good is set by the government above the current *1/1
free market equilibrium price. What will be the effect (if any) on demand for
and supply of good? M

S
Pf

a. Demand for the good will fall; supply of good will rise PE · E

b. Demand for the good will rise; supply of good will fall
D
>
c. Both demand for and supply of the good will rise

d. There will be no effect on either demand for or supply of the good

10. Bench Ltd produces chairs. An economist predicts that if average income *1/1
rise next year, demand for the chairs will increase in direct proportion to the
rise in incomes (assuming all other factors remain unchanged). The accuracy
of the economist's prediction depends on whether the chairs:

a. are normal goods

b. have many complementary goods

c. have few complementary goods

d. have few substitutes

11. The basic economic problem facing all national economies is: * 1/1

a. maximizing economic growth

b. unemployment

c. inflation

d. allocating scare resources

limited

labour

Fcapitaogy
12. Which of the following is regarded by economists as a factor of *1/1
production?

a. Demand

b. Enterprise [

c. Supply

d. Innovation

13. Which of the following is a source of economies of scale? * 1/1

a. The introduction of a new product

b. Bulk buying mua si

c. The use of skills in production

d. Cost savings resulting from new production techniques

14. The marginal propensity to consume measures: * upc

=* 1/1

a. the relationship between changes in consumption and changes in consumer utility

b. the proportion of household incomes spent on consumer goods

c. the proportion of national income spent on consumer goods

d. the relationship between changes in income and changes in consumption

15. Which of the following is the correct sequences in a business cycle? * 1/1

a. Boom, Recession, Depression, Recovery

b. Recession, Recovery, Boom, Depression

c. Boom, Recovery, Recession, Depression

d. Recovery, Recession, Depression, Boom

 Shy thoai
16. The recession phase of the business cycle will normally be accompanied *1/1
by all of the following except:

a. a rise in the rate of inflation (d inflation o boom voi

b. a fall in the level of national output

c. an improvement in the trade balance

d. a rise in the level of unemployment

↓ AD
-
17. The government may seek to reduce the rate of demand - pull inflation by *1/1
any of the following means except:

a. reducing interest rate

b. increasing VAT

c. apply more stringent controls over bank lending

d. reducing public expenditure

AD> AS
18. Which of the following would lead to demand pull inflation? * 1/1

a. Rising import prices >

- ↑ cost-push

b. Increase in wages ↑ Isalary expense (

c. Increases in direct taxation >

-
control inflation

d. high consumer expenditure such that aggregate demand exceeds aggregate

supply

19. Which of the following are effects of reduced interest rates? * 1/1
(1) Consumer spending will increase z
(2) Business investment will be encouraged ~
(3) Saving will increase X

a. (1) only

b. (1) and (2) only

c. (2) and (3) only

d. (1), (2), and (3)

20. Which of the following is a fiscal policy measure by government? * 1/1

a. To raise short-term interest rates in the money market

b. To support the exchange rate for the country's currency

c. To control growth in the money supply

& monetary

d. To alter rates of taxation

Thay do thus' shat

21. "Supply side" economics concerns: * 1/1

>
dien tief As > i mo

a. the behavior of the microeconomic supply curve >

- Li mo

b. the supply of factors of production in response to changing levels of factor

rewards > mo-

c. the behavior of the aggregate supply curve in connection with the levels of prices,
income and employment

d. the effect that an increase in the supply of money has on inflation >
-
demand side

Ttieu
din
22. If the government wishes to increase consumer spending, it should *1/1
increase the rate of:

a. income tax

b. corporate tax

c. import duties
& ↓ tiei ding

d. social security payment >

-

ASXHor

yes to ngoai gia

↑
23. Changes in the supply of a product which arise due to reduced costs of its *1/1
manufacture will be represented on the product's supply curve by:

a. a shift to the right in the supply curve

b. a shift to the left in the supply curve

c. movements along the supply curve

d. none of these
24. Which of the following describes the cross elasticity of demand between *1/1
the two complementary products?
HH b
sung

a. Negative

b. Indeterminate

c. Zero

d. Positive

25. The government of Zeeland is concern about demand-pull inflation. Which *1/1
of the following statements describes the impact and cause of demand-pull
inflation on Zeeland's economy?

a. Price rise because of persistent excess of supply over demand in the economy as
a whole
↑ gia do ADYAS
b. Price rise because of persistent excess of demand over supply in the economy as
a whole

c. Price falls because of persistent excess of supply over demand in the economy as
a whole

d. Price falls because of persistent excess of demand over supply in the economy as
a whole

26. Which three of the following are determinants of demand? * 1/1

a. Price

b. Cost of production >

-
supply
c. Income levels

d. Changes in production technology >

-
supply
e. Fashion

27. In term of the economic environment, the business cycle is part of: * 1/1
national influence

a. national influences in the macroeconomics environment

b. global influences in the macroeconomics environment >

-

global influence

c. the microenvironment of the firm

d. the price mechanism in the microeconomic environment of the firm

28. A and B are substitutes. Which of the following statement will be true? * 1/1
HH thay the

a. A rise in the price of A will lead to a rise in demand for B

b. A rise in the price of B will lead to a rise in demand for B

c. A fall in the price of A will lead to a rise in demand for B

d. A fall in the price of A will lead to a fall in demand for A

29. When demand for a good rises as incomes rise but then falls back as *1/1
incomes pass a certain point, the good is termed:
HH this cap
a. giffen

b. normal

may > to)

c. inferior (xe -

d. veblen

30. The price of a good is $1.5 and annual demand is 50,000 units. Research *1/1
has shown that dropping the price to $1.4 will increase demand by 5,000 units.
What is the PED of the good at $1.5?

a. 0.10

b. 0.67

c. 1.5
=
d. 1.96

31. The price of A has fallen by 5% in the last month, and in the same period *1/1
demand for B, where there has been no price change, has risen by 8%. What
is the cross price elasticity of demand between A and B?

a. -1.600
= 00
b. -0.625

c. 1.600

d. 0.025
32. Potatoes are a Giffen good. An increase in the price of potatoes will cause: * 1/1
PTQI
a. an increase in demand for potatoes

b. a decrease in demand for substitutes for potatoes

c. a decrease in demand for potatoes

d. an increase in demand for substitutes for potatoes

Biểu mẫu này đã được tạo ra bên trong Học viện Tài chính.
Does this form look suspicious? Báo cáo

Biểu mẫu
 Ching
&
- 7-8 : 15c : 6 + 9 45's0 car
-

Chong 11-19 : 15c : 6 + 9

-
De : hon na ,
3-4c kho , con lai : Tink

Cha dektra Dk 1 : Cha de ktra Dk 2 :

1
.
A 1
.
D + MPC = 1 +> use 100 % of additional income

2 .
D 2
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x 1002 ;
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x
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15 000
3
. A controlled 3
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resources properly
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are

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recording--- . C

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5 A - (MQH us bank hay hoi . D
5 >
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recession >
-
2
qu lien tiep' :depression 3 nam : lien tiep
6 6
. B -
quantity =
productivity . D >
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interest of
company >
-

Stewardship perspective
7
. C >
-

controlling costs ma =
losing effectiveness (hayhoi 7 .
C - nain
ngang >
- chi E >
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perfectly elastic
lanh phot hank
8
. C >
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underwriting bas : . A
8 >
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income approach : i
, w ,
lent >
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profit ; Be theo consumption ;

9 . D 9 . D D theo production
10 .
B >
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project ms new de financed bo RE , loan, ...? -

Treasury 10 .
B

1 cont activities pcano v datmucteactivity depression

11 . C >
-
= extience recession

12 B OECD
.
>
-

principles
13 .
D >
-

maintaining sales ledger >

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recording 13 .
B
debt , short-term
14. A >
-

Capital provider : , internal are

cheaper 14 . A
15 .
B -
> medium term >
- HTk 15 B .

16 .
A - defensive : short-term finance only cover 1 phanc'F . CA 16 D .

17. D 17 D .

18. A 18 C .
>
-
cost push :
rising oil price
19 B .
+ tile Sphong - dai vao >
-
Internal business 19. D

20 .
D 20 A .

21 .
B >
-

qualitative >
->

subjectivee judgmental 21 .
D + Balance payment = E-IM

22 D .
-> NOT new share issues : right issues of shares 22. C

23 2 overdraft 23 D
- equity
.
>
-

24 .
C- > venture capital : return in form of capital gains 24. D

25
. A 25 B .

26 . D - most common khi cty lan dai ra thi Hig (: ai bt minh) 26 .

D -
complement
4
manage the company
27 A dual board
C7 . B
placing .
:

se
↑DT sai Y
28. D cach cai to - tiep whan feedback 28 B MPC Sit

goods : Income
- -
>
.

29 . B 29 B .
- inferior
30. A 30. A

Y
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/8

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18
-

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