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CIMAPRA17-BA1-1 Exam - Topic 1 Question 66 Discussion

Actual exam question for CIMA's CIMAPRA17-BA1-1 exam
Question #: 66
Topic #: 1
[All CIMAPRA17-BA1-1 Questions]

If a country joined an economic union (for example, the European Union) its business sector could benefit from all of the following except which one?

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Suggested Answer: B

by Lilli at Feb 28, 2023, 07:34 PM

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An
5 months ago
I don't think reduced costs are guaranteed, though.
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Rima
5 months ago
Economies of scale are definitely a big plus!
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Amie
6 months ago
Wait, are we sure about the lower input costs? Sounds too good to be true.
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Gracia
6 months ago
Totally agree, bigger markets mean better profits!
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Hershel
6 months ago
A country joining an economic union usually sees lower transport costs.
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Yvonne
6 months ago
I feel like C is a strong option too, but I can't recall if there are exceptions to cheaper imports.
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Percy
6 months ago
This question reminds me of a practice question where we analyzed market access. B definitely sounds like a benefit.
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Dean
6 months ago
I'm not entirely sure, but I think D might not be a direct benefit since access to factors of production can vary.
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Earleen
6 months ago
I remember discussing how joining an economic union can lead to lower transport costs, so A seems like a benefit.
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Marla
6 months ago
This question seems straightforward - I just need to identify the 3 statements that describe the principles-based approach to corporate governance in the UK.
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Quentin
6 months ago
I've got this one! The answer is C. The Sprint length should remain the same, and the team can use this as a learning experience to improve their planning and forecasting for future Sprints.
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Jutta
6 months ago
I'm pretty sure the answer is C - BGP. That's the standard routing protocol used between Cisco ACI spines and external networks.
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Alex
11 months ago
Wait, is the correct answer 'None of the above'? I mean, who would turn down higher profits, cheaper imports, and more factors of production? That's the economic union jackpot!
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Oneida
10 months ago
C) Lower input costs as imports from other member states would become cheaper.
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Bulah
11 months ago
B) Economies of scale as it gained access to a larger market.
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Alexis
11 months ago
A) Higher profit margins due to a reduction in transport costs.
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Tashia
12 months ago
B) Economies of scale as it gained access to a larger market. Bigger is better when it comes to business, am I right or am I right?
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Beth
12 months ago
D) Reduced costs as a result of access to a wider supply of factors of production. More options, more opportunities to optimize, am I right?
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Coral
10 months ago
C) Lower input costs as imports from other member states would become cheaper.
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Lili
11 months ago
B) Economies of scale as it gained access to a larger market.
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Deandrea
11 months ago
A) Higher profit margins due to a reduction in transport costs.
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Verlene
11 months ago
C) Lower input costs as imports from other member states would become cheaper.
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Talia
11 months ago
B) Economies of scale as it gained access to a larger market.
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Quentin
11 months ago
A) Higher profit margins due to a reduction in transport costs.
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Salley
12 months ago
I'm going with C) Lower input costs as imports from other member states would become cheaper. Gotta take advantage of that sweet, sweet tariff-free trade!
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Rima
12 months ago
I believe they might not get higher profit margins due to a reduction in transport costs.
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Wilda
12 months ago
I agree, but which benefit do you think they would not get?
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Laquita
1 year ago
Hmm, this one's tricky. I think the answer is A) Higher profit margins due to a reduction in transport costs. Joining the EU should make trade within the bloc easier and cheaper.
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Vanna
10 months ago
I see your point, but I still think it's A) Higher profit margins due to a reduction in transport costs.
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Celia
11 months ago
Actually, I think it might be D) Reduced costs as a result of access to a wider supply of factors of production.
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Stephaine
11 months ago
I disagree, I believe the answer is C) Lower input costs as imports from other member states would become cheaper.
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Reena
11 months ago
I think the answer is B) Economies of scale as it gained access to a larger market.
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Rima
1 year ago
I think joining an economic union can really benefit a country's business sector.
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