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CIMA BA1 - Fundamentals of Business Economics BA1 - Fundamentals of Business Economics Dumps in PDF

Free CIMA BA1 - Fundamentals of Business Economics Real Questions (page: 18)

Page 18 of 95 BA1 - Fundamentals of Business Economics PDF — 468 Questions

QUESTION: 86 Exam Topic: 1, Exam Pool A

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

Controlled performance of its activities
Social goals towards society
Collective goals towards society
Social arrangement of people

Answer(s): B

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QUESTION: 87 Exam Topic: 1, Exam Pool A

Some not-for-profit organizations (NPOs) are required to show they are effective.
Which one of the following most closely defines effective?

Conducts its activities and operations at low cost
Achieves the goals and objectives set for it
Finds the correct balance between cost and benefit
Doesn't make losses

Answer(s): B

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QUESTION: 88 Exam Topic: 1, Exam Pool A

Which ONE of the following best explains the statement 'In not for profit organizations money is a constraint and not a goal'?

Money be ignored because reaching the goals of the organization is all that matters
There is no need for the organization to be efficient
There is a trade off between financial and non-financial goals
Money limits how far the organization can achieve its goals

Answer(s): D

Reveal Solution Next Question

QUESTION: 89 Exam Topic: 1, Exam Pool A

All of the following are objectives of not-for-profit organizations except one.
Which ONE is the exception?

Value for money
Maximization of financial surpluses
Serving the public interest effectively
Efficient use of physical and human resources

Answer(s): B

Reveal Solution Next Question

QUESTION: 90 Exam Topic: 1, Exam Pool A

Which of the following statements best describes a private firm?

An organization that does not seek profit
An organization that is owned by shareholders
An organization that is outside the state's influence
An organization that is not directly owned by the state

Answer(s): D

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