[2023] CORe Answers CORe Free Demo Are Based On The Real Exam
CORe [Jun-2023 Newly Released] Exam Questions For You To Pass
The HBX CORe Final Examination is a comprehensive test that covers all of the material presented in the course. The test is designed to evaluate a student's knowledge of the fundamental concepts of business, including accounting, economics, and business analytics. The exam is made up of multiple-choice questions, and students have a limited amount of time to complete the test.
NEW QUESTION # 138
With normally distributed data, approximately 95% of all observations fall within how many standard deviations from the mean?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: B
NEW QUESTION # 139
An individual has relocated to a new city for a job and is looking for an apartment. Apartments in this city tend to be low in price but are often in disrepair and lack extra amenities. For each new apartment that comes on the market, there are dozens of people who wish to rent it. What could explain these conditions?
- A. The city is experiencing an economic recession.
- B. There is a price ceiling on apartment rental prices.
- C. The city has become popular and more people are moving there.
- D. Landlords are maximizing profits.
Answer: B
NEW QUESTION # 140
A computer software company with market power is about to release two new products. The company knows that there is high variability in consumers' willingness to pay (WTP) for each individual product, but a customer with a low WTP for one good is likely to have a high WTPfor the other. If the marginal cost of software is $0, what pricing structure is MOST likely to maximize profits for the computer software firm?
- A. Sell the products at a high price but offer a discount to students
- B. Sell each product at consumers' average willingness to pay
- C. Sell each product for a minimal price, since the marginal costs of software are extremely low
- D. Sell the products together as a bundle
Answer: D
NEW QUESTION # 141
Which of the following industries has the MOST competitors?
- A. An industry with a high degree of horizontal differentiation
- B. An industry with high fixed costs
- C. An industry with a high degree of vertical differentiation
- D. An industry with high barriers to entry
Answer: A
NEW QUESTION # 142
The owner of a small bakery wants to analyze the effect of certain variables on total sales. The owner takes a random sample of 60 days between November 2013 and June 2014 and records the total sales for that day, the highest temperature that day, and whether that day was a Saturday or Sunday. A portion of that spreadsheet is provided below.
Which cell ranges contain the dependent and independent variables in this regression model?
- A. DependentVariable:B1:B61 IndependentVariable:C1:D61
- B. DependentVariable:C1:C61 IndependentVariable:B1:B61, D1:D61
- C. DependentVariable:C1:D61 IndependentVariable:B1:B61
- D. DependentVariable:B1:B61 IndependentVariable:C1:C61
Answer: A
NEW QUESTION # 143
A company reduces the price of its product, hoping to increase its overall profits. When the quarterly numbers come in, the company sees that the decrease in price has led to a decrease in profits. It decides to change the price back to its original price, but profits still do not recover to their original levels. What happened?
- A. Demand has become less elastic since the first price change.
- B. The price elasticity of demand was 1 before the first price change.
- C. The company experienced economies of scale at the lower price.
- D. Demand has become more elastic since the first price change.
Answer: D
NEW QUESTION # 144
Which of the following options is the measure of how long it takes from the time a business has to pay for inventory from a supplier until it collects cash from the customer from a sale?
- A. Cash conversion cycle
- B. Days payable outstanding
- C. Cash efficiency
- D. Working capital
Answer: A
NEW QUESTION # 145
A pharmaceutical company is developing a drug that aims to reduce the recovery time (in days) for a particular illness. To test the effect, the company gives 200 randomly selected patients a placebo and 200 randomly selected patients the new drug. The findings from the study are provided below.
Based on this output and a confidence level of 95%, which of the following options would be considered correct?
- A. The researchers would not reject the null hypothesis. Furthermore, they would continue production of the new drug, because there is evidence that it significantly lowers recovery time.
- B. The researchers would reject the null hypothesis. Furthermore, they would continue production of the new drug, because there is evidence that it significantly lowers recovery time.
- C. The researchers would not reject the null hypothesis. Furthermore, they would suspend production of the new drug, because there is no evidence that it significantly lowers recovery time.
- D. The researchers would reject the null hypothesis. Furthermore, they would suspend production of the new drug, because there is no evidence that it significantly lowers recovery time.
Answer: C
NEW QUESTION # 146
What is the approximate poverty rate for the outlier in the scatterplot below?
- A. 18%
- B. 25%
- C. 10%
- D. 53%
Answer: A
NEW QUESTION # 147
The only grocery store in a town has recently seen its profits decrease. An executive at the grocery store has been challenged to find a way to reverse this trend without losing significant sales. What is a possible technique the company can use to increase its producer surplus?
- A. Raise prices on all goods sold
- B. Charge a monthly fee to its customers and lower prices for its goods
- C. Advertise the products with the highest volumes sold
- D. Raise prices for the products with the highest volumes sold
Answer: B
NEW QUESTION # 148
A manager learns that the government is planning to add an excise tax on the product the company sells. After researching, the manager expects that total expenditures for the good will rise. Of the following goods, which does the company MOST likely sell?
- A. Raspberries
- B. Ice cream
- C. Milk
- D. Leather handbags
Answer: C
NEW QUESTION # 149
A college has recently finished building a new dining hall on campus. School administrators wish to survey students regarding their thoughts on the new dining hall. Which of the options below represents a correct sampling method?
- A. The administrators randomly select students from each class who are then surveyed via phone.
- B. The school posts a survey on their Facebook page and collects responses from current students.
- C. An administrator surveys the first 50 students that enter the new dining hall that evening.
- D. An administrator surveys the first 50 students that arrive to hear a guest speaker.
Answer: A
NEW QUESTION # 150
An individual surveys 15 people under the age of 40 and asks for their current salary. The resulting histogram is shown below.
How many of those surveyed earn less than or equal to $50,000 a year?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: A
NEW QUESTION # 151
Company A has a Weighted Average Cost of Capital (WACC) of 12 percent. They are evaluating four different projects/investments with financial flows as described below. Available funds are limited, so they can only pursue one of the investment alternatives. Each project/investment involves an initial outflow of $1,000,000 and has an eight year life.
Which project should they select?
- A. Project 4
- B. Project 2
- C. Project 1
- D. Project 3
Answer: A
NEW QUESTION # 152
A music executive is trying to determine the effect that advertising expenditures (in dollars) have on digital music sales. After gathering sales data from the previous 12 quarters, the executive finds the effect that advertising expenditures have on digital music sales can be described by the following equation:
Digital music sales = 9,500 + 0.15*(advertising expenditures)
Based on this equation, which of the statements below is correct?
- A. Each additional $1.00 spent on advertising increases digital music sales by $0.15 on average.
- B. Each additional $0.15 spent on advertising increases digital music sales by $1.00 on average.
- C. Each additional $1.00 spent on advertising increases digital music sales by 9,500 units on average.
- D. Each additional $1,000 spent on advertising increases digital music sales by $0.15 on average.
Answer: A
NEW QUESTION # 153
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A manager at a large gold mining company is trying to determine how a series of recent events will affect the future of his industry.
The following events occur simultaneously:
Flooding damages several gold mines in a region.
The price of platinum, a substitute for gold, increases.
A new government policy mandates an increased wage rate for mine workers.
What should the manager expect regarding the new equilibrium price and quantity for gold?
- A. The effect on price is unknown, and the equilibrium quantity increases.
- B. The equilibrium price increases and equilibrium quantity increases.
- C. The equilibrium price increases and equilibrium quantity decreases.
- D. The equilibrium price increases and the effect on quantity is unknown.
Answer: D
NEW QUESTION # 154
A company reported income before taxes of $800,000 for Year 2. The company did not have temporary taxable differences at the end of Year 1 but reported a net deferred tax asset of $6,000 for Year 2. The effective income tax rate is 30 percent. What amount should the company pay as income tax for Year 2?
- A. $246,000
- B. $241,800
- C. $240,000
- D. $234,000
Answer: A
NEW QUESTION # 155
In an automobile manufacturing factory, selected cars are subjected to a crash test to ensure they meet baseline safety requirements. The null hypothesis of the crash test is that all cars are safe. The manufacturer aims to guarantee that all cars it sells meet the safety requirements. Which type of error is MORE serious for the automobile manufacturer?
- A. Neither Type I nor Type II is serious.
- B. Type I error
- C. Type II error
- D. Type I and Type II are equally serious.
Answer: C
Explanation:
NEW QUESTION # 156
A company is considering a project to develop a nascent technology to harness energy from ocean waves but wants to determine its economic viability. This 10-year project will cost the company $10 million in research and development costs and $25 million to build infrastructure. Each megawatt of energy costs $60 to produce, but the government offers a subsidy of $5 permegawatt. The price per megawatt of energy will be $56 for the next five years, and the company expects to produce 1 million megawatts per year. Ignoring the time value of money (i.e. assuming cash flows across different years are directly comparable), if costs, output, and subsidies remain constant, what will the market price of a megawatt of energy need to be in years six through ten to make this project economically viable?
- A. $59
- B. $71
- C. $61
- D. $56
Answer: C
NEW QUESTION # 157
The only bakery in a small town has introduced a new type of cookie and is not sure what demand for the cookie looks like. How could the bakery determine the marginal revenue earned by each additional cookie produced?
- A. Increase advertising to raise demand and sell more cookies
- B. Ask customers to fill out a survey about how a change in price would affect their purchasing decisions
- C. Conduct a focus group to determine how sensitive customers are to price changes
- D. Decrease the price by small increments and observe the corresponding changes in quantity sold and revenue
Answer: D
NEW QUESTION # 158
A heavily populated town with many gas stations has an average price of $3.25 for a gallon of gasoline. However, one gas station charges $3.60 for a gallon of gasoline and remains very competitive in the market. Which of the following situations could NOT explain this gas station's success?
- A. The gas station offers a loyalty program through which customers can earn points toward future purchases.
- B. The gas station is in a convenient location for its customers.
- C. The gas station offers a free car wash if customers purchase 10 or more gallons of gas.
- D. The gas station entered the market earlier than any of its competitors.
Answer: D
NEW QUESTION # 159
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HBX CORe Exam: Basic Questions With Answers: https://drive.google.com/open?id=1L22XNCzQJytLY8AXJ9LIRL0z6A7ovMeD