1 / 5

A6 Certification Practice Test

CertsChief products pass your IT Certification Exam with 100% money back guaranteed. Using Confirmed test practice questions and preparation material from CertsChief. Please visit at: http://www.certschief.com

certschief3
Download Presentation

A6 Certification Practice Test

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. http://www.certschief.comCertification Preparation Material CIPS A6 Analysing the Supply Market Demo Product - For More Information - Visit: http://www.certschief.com/exam/A6/ Edition = DEMO ProductFull Version Features:  90 Days Free Updates  30 Days Money Back Guarantee  Instant Download Once Purchased  24/7 Online Chat Support Page | 1 http://www.certschief.com/exam/A6/

  2. http://www.certschief.comCertification Preparation Material Question: 1 International Advanced Award Certificate in Purchasing and Supply Analyzing the Supply Market Unit A6 DURATION: 3 hours Instructions for Candidates: This examination is in THREE sections. Section A Has TEN compulsory multiple-choice questions, worth 2 marks each. Section B Has SIX compulsory short-answer questions, worth 5 marks each. Section C Has THREE compulsory longer-answer questions. Questions 17 and 18 are worth 15 marks each. Question 19 is worth 20 marks. Question: 2 SECTION A Questions 1-10 are multiple choice questions. For each question, select ONE correct answer from A to D and write it in your answer booklet. You are advised to spend approximately 30 minutes on this section. Question: 3 Q1 In economic theory, which of the following statements best describes what is available and what is wanted? (2 marks) A. Time and motion B. Supply and demand C. Research and development D. Input and output Answer: B Question: 4 Q2 Which of the following relationships best describes a small change in demand as a result of a large change in price? (2 marks) A. Inelastic B. Explicit C. Implicit D. Elastic Answer: A Question: 5 Q3 Which of the following best describes the pricing policy known as 'promotional pricing'? (2 marks) A. A high price aimed at quick recovery of costs B. A price in line with that being charged by competitors C. A temporary price reduction to increase sales in the short term D. A low price set to gain a large share of the market. Page | 2 http://www.certschief.com/exam/A6/

  3. http://www.certschief.comCertification Preparation Material Answer: C Question: 6 Q4 Which of the following is the most likely consequence of government decreasing interest rates? (2 marks) A. People spend more B. People spend less C. The economy slows down D. The cost of borrowing goes up Answer: A Question: 7 Q5 Which of the following best defines the economic term 'budget surplus'? (2 marks) A. Government expenditure equaling government revenue B. Government revenues creating government expenditure C. Government expenditure exceeding government revenue D. Government revenue exceeding government expenditure Answer: D Question: 8 Q6 Which of the following best describes the '4Ps' of marketing (2 marks) A. Promotion, Performance, Price, Place B. Product, Price, Promotion, Place C. Price, Placement, Product, Place D. Performance, Product, Planning, Production Answer: B Question: 9 Q7 Which of the following describes people leaving one job and moving to another? (2 marks) A. Structural unemployment B. Frictional unemployment C. Migration unemployment D. Cyclical unemployment Answer: D Question: 10 Q8 Which of the following best defines the term 'monetary policy'? (2 marks) A. The control of taxation B. The control over the amount of money in circulation and the cost of borrowing Page | 3 http://www.certschief.com/exam/A6/

  4. http://www.certschief.comCertification Preparation Material C. The control of numbers of people unemployed compared to those employed D. The control of wealth distribution Answer: B Question: 11 Q9 Which of the following best defines the term 'equilibrium price'? (2 marks) A. The price at which the level of demand in a market exceeds the level of supply B. The price at which all commodities are of equal value in a market C. The price at which the level of supply in a market exceeds the level of demand D. The price at which the level of supply in a market matches the level of demand. Answer: D Question: 12 Q10 Which of the following is a category of economic system? (2 marks) A. Thriving economy B. Balanced economy C. Planned economy D. Declining economy Answer: C Page | 4 http://www.certschief.com/exam/A6/

  5. http://www.certschief.comCertification Preparation Material Demo Product - For More Information - Visit: http://www.certschief.com/exam/A6/ 20% Discount Coupon Code: 20off2016 Page | 5 http://www.certschief.com/exam/A6/

More Related