F1_ACCA英国注册会计师考试试题及答案P29-新东方在线职业题库

The income elasticity of demand for a product is high. This means that

A

Sales will fall only slightly when incomes of households fall

B

Sales will rise sharply when incomes of households rise

C

The good is an inferior good

Using the point method, what is the price elasticity of demand of product X as price falls from its current price of $20 to $15?

Old New

Price 20 15

Quantity 10 15

A

0.5

B

1

C

1.5

D

2

Consumer surplus is：

A

The excess between what consumers are prepared to pay for a good or service, and the prevailing market price

B

The indirect tax producers pay on a good or service

C

The marginal utility gained by consuming one more unit of a good or service

D

The indirect tax consumers pay on a good or service

Which combination of demand and supply curves would be appropriate for a firm attempting to increase its profits by increasing its market share?

A

Inelastic demand, inelastic supply

B

Elastic demand, elastic supply

C

Inelastic demand, elastic supply

D

Elastic demand, inelastic supply

If the absolute value of the price elasticity of demand for dry white wine is greater than one, a decrease in the price of all wine would result in：

A

A more than proportional decrease in the quantity of dry white wine purchased

B

A less than proportional decrease in the quantity of dry white wine purchased

C

A less than proportional increase in the quantity of dry white wine purchased

D

A more than proportional increase in the quantity of dry white wine purchased

Which one of the following statements is true?

A

Limited company status means that a company is only allowed to trade up to a predetermined

turnover level in any one year

B

For organisations that have limited company status, ownership and control are legally separate.

C

The benefit of being a sole trader is that you have no personal liability for the debts of your

business.

D

Ordinary partnerships offer the same benefits as limited companies but are usually formed by

professionals such as doctors and solicitors.

An organisation is owned and run by central government agencies. The organisation is best described as which of the following statements?

A

A voluntary sector organisation

B

A private sector organisation

C

A public sector organisation

Which of the following groups may be considered to be stakeholders in the activities of a nuclear power station?

(i) The government

(ii) Environmental pressure groups

(iii) Employees

(iv) Local residents

A

(i) (iii) and (iv)

B

(i), (ii), (iii) and (iv)

C

(iii) only

D

(i) and (iii) only

The term secondary stakeholders describes which group of stakeholders?

A

Stakeholders who conduct transactions with the organisation

B

Stakeholders who have a contractual relationship with the organisation

C

Stakeholders who do not have a contractual relationship with the organisation

Which of the following organisations would rely most heavily on value for money indicators and efficiency rather than information on performance and profitability?

A

A private accountancy college

B

A local authority

C

A small retailer

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