FCE BINF Question Pool Solved
FCE BINF Question Pool Solved
UNIVERSITY
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10. We get fewer and fewer additional units as we add more and
more units of the inputs to production process. We call this fact the:
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a. $128
b. $113
c. $201
d. $768
a. AVC = (TC-FC)/Q
b. AVC = FC/Q
c. AVC = TC/Q
d. AVC = (MC*Q-FC)/Q
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b. 450
c. 500
d. 600
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c. 2.59%.
d. 4.9%.
20. GDP=
a. C+I+G
b. C+G+X
c. C+I+G+X
d. none of the above
21. Perfect competition is found when:
a. A large number of firms produce slightly
differentiated products.
b. A single firm produces the entire output of an
industry.
c. No firm is large enough to affect the market
price.
d. An industry is dominated by few firms.
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29.If nominal GDP was $360 (billion) in 2012 and if the price
level rose by 20 percent from 2010 to 2012, then the 2012
GDP, measured in 2010 prices, was (in billions):
a. a.$300
b. b.$320
c. c.$340
d. d.$360
30. What happens to export and import of that country, if
domestic currency appreciates?
a. export rises, import falls
b. export falls, import rises
c. both export and import rise
d. both export and import fall
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c) ordinal scale
d) interval scale
5. Statistical inference
a) refers to the process of drawing inferences about the sample based on the
characteristics of the population
b) is the same as Data and Statistics
c) is the process of drawing inferences about the population based on the
information taken from the sample
d) is the same as a census
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14. When the smallest and largest percentage of items are removed
from a data set and the mean is computed, the mean of the
remaining data is
a) the median
b) the mode
c) the trimmed mean
d) any of the above
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d) interquartile range
17. The p-value is a probability that measures the support (or lack
of support) for the
a. null hypothesis
b. alternative hypothesis
c. either the null or the alternative hypothesis
d. sample statistic
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c. -2.3
d. -0.38
Exhibit 9-8
The average gasoline price of one of the major oil companies in
Europe has been $1.25 per liter. Recently, the company has
undertaken several efficiency measures in order to reduce
prices. Management is interested in determining whether their
efficiency measures have actually reduced prices. A random
sample of 49 of their gas stations is selected and the average
price is determined to be $1.20 per liter. Furthermore, assume
that the standard deviation of the population (σ) is $0.14.
26. Refer to Exhibit 9-8. The value of the test statistic for this
hypothesis test is
a. 1.96
b. 1.645
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c. -2.5
d. -1.645
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a. a hostile takeover
b. an acquisition
c. a partnership
d. a licensing agreement
a. sole proprietorship
b. limited liability partnership
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c. corporation
d. general partnership
4. A general partnership:
a. assumes profit, liability and management duties
are divided equally among partners.
b. is similar to a corporation because the business
has to pay corporate taxes.
c. requires one partner to manage the business (a
general manager) and other partners contribute
skills and financing to support the business.
d. a board of directors resolves disputes among the
partners.
6.There are many ways that a business can reach the global
market, the most intensive approach is through:
a. Licensing Agreement.
b. Franchise Agreement.
c. exporting goods.
d. Foreign Direct Investment.
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a. understanding self-awareness.
b. formulating strategies, objectives, and policies.
c. developing relationships with your team
members.
d. understanding electricity storage in batteries.
a. the CEO.
b. Chief Communication Officer.
c. team leads.
d. department heads.
a. autocratic leadership
b. laissez-faire leadership
c. democratic leadership
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d. delegative leadership
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d. Safety needs.
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b. off-the-job training.
c. professional development.
d. personal development.
a. Firing
b. Recruiting
c. Training
d. Hiring
a. retail channel
b. wholesale channel
c. supply chain
d. distribution channel
a. cellular layout
b. product layout
c. process layout
d. fixed-position layout
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a. introduction stage
b. growth stage
c. maturity stage
d. decline stage
a. Agents
b. Retailers
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c. Direct distributors
d. Wholesalers
a. agent channel
b. direct channel
c. retail channel
d. indirect channel
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a. income statement
b. statement of cash flows
c. profit and loss statement
d. balance sheet
33. Alia, the manager of a pet store, notices that most of the
goods that come to her store are packed in high-quality
cardboard boxes which are later discarded. She comes up
with a plan and instructs her employees to use the cardboard
boxes for making scratching boards for cats. She then sells
the scratching boards at a price much lower than the other
branded versions available in the market. Which of the
following describes Alia’s planning?
a. Action oriented
b. Priority oriented
c. Advantage oriented
d. Change oriented
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35. Sally, a manager at Purple Inc., has just been told that the
funds which were left unused in the previous year’s budget
will not carry over into the current year. Thus, Sally will most
likely have to use a __________.
a. project budget
b. flexible budget
c. fixed budget
d. zero-based budget
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37. UPS carefully measures the routes and routines of its drivers
to establish the time expected for each delivery. When a
delivery manifest is scanned as completed, the driver’s time is
registered in an electronic performance log that is closely
monitored by supervisors. In this scenario, UPS uses
__________.
a. historical comparisons
b. engineering comparisons
c. local comparisons
d. relative comparisons
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43. ABC and XYZ, two organizations in the same industry, have
come together to pursue areas of mutual interest. This scenario
exemplifies a(n):
a. unethical venture.
b. acquisition.
c. corporate takeover.
d. strategic alliance.
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48. Mary’s manager has told her that if she can complete her
project on time, she will get an extra bonus of $10,000.
Mary’s manager is using __________.
a. expert power
b. reward power
c. manipulative power
d. referent power
50. Your manager says that he will refuse your request for the
weekend off to attend a concert unless you work the night
shift for the rest of the week. In this case, he is using
________.
a. legitimate power
b. reward power
c. expert power
d. coercive power
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a. words
b. channels
c. nonverbal
d. filters
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6. Credits
increase both assets and liabilities.
decrease both assets and share capital.
increase liabilities and decrease assets.
decrease both assets and liabilities.
9. A ledger:
(a) contains only asset and liability accounts.
(b) should show accounts in alphabetical order.
(c) is a collection of the entire group of accounts
maintained by a company.
(d) is a book of original entry.
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11. Posting:
(a) normally occurs before journalizing.
(b) transfers ledger transaction data to the journal.
(c) is an optional step in the recording process.
(d) transfers journal entries to ledger accounts.
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d. $200,000
19. If Total Debt Ratio is 0.6; then the Equity Multiplier is:
a. 1.5
b. 2.5
c. 3.5
d. 4.5
20. What is your tax bill if you have a wage of 250,000 leke:
a. 13,000
b. 27,600
c. 40,600
d. 50,600
21. You deposit $5,000 in Raiffeisen Bank. The bank pays you
8% simple interest. How much will you have after 15 years:
a. $3,000
b. $6,000
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c. $9,000
d. $11,000
22. You want to get a loan worth $200,000. In order to get this
loan, the bank requires you to have 20% of the loan’s value
in deposits. If, you currently have only 35,000$ in an
account that pays 10% interest, in how many years you can
get the loan?
a. 0.4 years
b. 1.4 years
c. 2.4 years
d. 3.4 years
24. You will receive $1,000 in four years, $2,000 in five years
and $3,000 in six years. With an interest rate of 10%, what
is the present value of these cashflows (their value at year
0)?
a. $3,618.28
b. $4,618.28
c. $6,000
d. $6,618.28
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a. 12 % compounded monthly
b. 12.3% compounded quarterly
c. 12.5 % compounded annually
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a. I, II, V
b. I, II, IV
c. II, III, V
d. I, II, III
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c. insurance sales
d. clothing alterations
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a. 120
b. 22
c. 18
d. 34
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produce:
a. high-volume, high-variety products.
b. low-volume, high-variety products.
c. high-volume, low-variety products.
d, high-volume products of either high- or low-variety.
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a. introduction
b. growth
c. maturity
d. decline
a. True
b. False
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a. (0,0)
b. (0,10)
c. (10,20)
d. (25,0)
a. (0,0)
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b. (0,5)
c. (2,4)
d. All points in the line between from (0,5) until (2,4)
a. Solution a
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b. Solution b
a. Formulation a
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b. Formulation b
a. Formulation a
b. Formulation b
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b. Table b
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b. Table b
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b. Figure b
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a. f2.i is 2 f2.s is 1
b. f2.i is 2 f2.s is 2
c. f2.i is 1 f2.s is 2
d. f2.i is 1 f2.s is 1
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a. Welc me to Java
b. Welc me t Java
c. Welcome t Java
d. Welcome to Java
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a. y is 4.
b. y is 3.
c. y is 2.
d. y is 1
than 4000
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11.What is y displayed?
a. y is 3.
b. y is 2.
c. y is 4.
d. y is 1
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a. Java123
b. java 123
c. Java6
d. Java 123
e. Illegal expression
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23.What is the correct CSS syntax for making all the <p>
elements bold?
a. p {font-weight:bold;}
b. p {text-size:bold;}
c. <p style="font-size:bold;">
d. <p style="text-size:bold;">
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'London' : '7',
'Berlin' : '5' }
for (var property in myObject) {
document.write(property + '=' +
myObject[property]+'&');
}
a. Paris=10
b. Paris=10&London=7&Berlin=5
c. Paris=10&London=7&Berlin=5&
d. No output is generated
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return -1;
}
if (a.product < b.product) {
return 1;
}
return 0;
});
var sorted = [];
for (item in shop) {
sorted.push(shop[item].product);
}
console.log(sorted);
a. ["Peach", "Banana", "Apple"]
b. [ "Apple", "Peach", "Banana"]
c. []
d. [ "Apple", "Banana", "Peach"]
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</VirtualHost>
b. <VirtualHost *:80>
ServerName internal.site2.com
DocumentRoot /var/www/site2
</VirtualHost>
c. <VirtualHost 192.168.0.50:80>
ServerName internal.site3.com
DocumentRoot /var/www/site3
</VirtualHost>
d. None.
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} else {
$answer = 7;
}
}
a. 7
b. 12
c. 10
d. 9
a. 300000
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b. 10000
c. 30000
d. Nothing
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}
}
$road = new road;
$road->car = 'porsche';
$brand = $road->getCar();
a. volvo car
b. volvo
c. porsche car
d. porsche
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calc('nine');
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}
class A {
int x;
public boolean equals(A a) {
return this.x==a.x;
}
}
// Program 2:
public class Test {
public static void main(String[ ] args) {
A a1=new A();
A a2=new A();
System.out.println(a1.equals(a2));
}
}
class A {
int x;
public boolean equals(A a) {
return this.x==a.x;
}
}
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II:
public class Test {
public static void main(String[ ] args) {
A a=new A();
System.out.println(a.getValue());
}
}
class B {
public Object getValue() {
return “Any object”;
}
}
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class A extends B {
public String getValue() {
return “A string”;
}
}
a. I
b. II
c. Both I and II
d. Neither
a. Nothing.
b. “b is an instance of A”
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c. “b is an instance of C”
d. “b is an instance of A” followed by “b is
an instance of C”.
80.Given the following code, find the compile error.
(Choose all that apply.)
public class Test {
public static void main(String[ ] args) {
m(new GraduateStudent());
m(new Student());
m(new Person());
m(new Object());
}
public static void m(Student x) {
System.out.println(x.toString());
}
}
class GraduateStudent extends Student {
}
class Student extends Person {
public String toString() {
return “Student”;
}
}
class Person extends Object {
public String toString() {
return “Person”;
}
}
a. m(new Object()) causes an error
b. m(new Person()) causes an error
c. m(new Student()) causes an error
d. m(new GraduateStudent()) causes an error
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}
}
}
a. The program displays NumberFormatException
followed by RuntimeException.
b. The program displays NumberFormatException
followed by After the method call.
c. The program displays NumberFormatException
twice.
d. The program has a compilation error.
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}
a. false true
b. true true
c. false false
d. true false
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c. ABCD
d. BEDC
Integer.parseInt(s); // Cause a
NumberFormatException
int i = 0;
int y = 2 / i;
System.out.println(ʺWelcome to
Javaʺ);
}
catch (RuntimeException ex) {
System.out.println(ʺRuntimeExcep
tionʺ);
}
catch (Exception ex) {
System.out.println(ʺExceptionʺ);
}
}
}
a. The program displays Exception followed
by RuntimeException.
b. The program displays RuntimeException
twice.
c. The program displays RuntimeException
followed by After the method call.
d. The program displays Exception twice.
int y = 2/i;
System.out.println(ʺWelcome to
Javaʺ);
}
catch (RuntimeException ex) {
System.out.println(ʺWelcome to
Javaʺ);
}
finally {
System.out.println(ʺEnd of the
blockʺ);
}
}
}
a. The program displays Welcome to Java three
times.
b. The program displays Welcome to Java two
times.
c. The program displays Welcome to Java three
times followed by End of the block.
d. The program displays Welcome to Java two times
followed by End of the block.
a. false false
b. true true
c. true false
d. false true
apply.)
a. i = Integer.parseInt(s);
b. i = (new Integer(s)).intValue();
c. i = (int)(Double.parseDouble(s));
d. i = Integer.valueOf(s);
e. i = Integer.valueOf(s).intValue();