Full CORe Practice Test and 265 unique questions with explanations waiting just for you!
HBX Certification Dumps CORe Exam for Full Questions - Exam Study Guide
NEW QUESTION 108
On a balance sheet, assets are arranged in the order of:
- A. Profitability
- B. Materiality
- C. Stability
- D. Liquidity
Answer: D
NEW QUESTION 109
The data below is a sampling of the percentage of smokers in a country's population.
Suppose an additional country were added to the data with a smoking rate of 22.5%.
How would the mean and median be affected?
- A. Both the mean and median would increase.
- B. The mean and median would remain the same.
- C. Both the mean and median would decrease.
- D. The mean would decrease and the median would increase.
Answer: D
NEW QUESTION 110
Which of the following options is an example of a liability?
- A. Outstanding preferred stock
- B. A bond purchased at a premium
- C. Payment received in advance from a customer
- D. The private mortgage of a CFO
Answer: C
NEW QUESTION 111
A college bookstore sells textbooks at a 15 percent discount to professors while successfully selling the same books at full price to students. What conditions are present so that the bookstore can charge different prices? (Select all that apply.)
- A. Professors are unable to resell books.
- B. The bookstore has few close competitors.
- C. The books can also be purchased online.
- D. The bookstore is owned by the college where it sells books.
- E. The demand for the books is elastic.
Answer: A,B
NEW QUESTION 112
An accountant pays $30,000 for inventory purchased on credit last month. This payment will impact the accounting equation by decreasing assets and:
- A. Increasing owner's equity
- B. Decreasing owner's equity
- C. Increasing assets
- D. Decreasing liabilities
Answer: D
NEW QUESTION 113
On July 1st, a company paid $12,000 for an annual insurance policy covering the month of July through the following June. Which of the following statements reflects how this payment would be recorded on July 1st under the accrual method?
- A. Cash would be debited for $12,000, and accrued insurance would be credited for $12,000.
- B. Prepaid insurance would be debited for $12,000, and accrued insurance would be credited for $12,000.
- C. Insurance expense would be debited for $12,000, and cash would be credited for $12,000.
- D. Prepaid insurance would be debited for $12,000, and cash would be credited for $12,000.
Answer: D
NEW QUESTION 114
A criminologist wants to investigate the relationship between income, gender composition, and the number of violent crimes. The criminologist collects data from the 50 U.S. states on the number of violent crimes committed in 2012, the percentage of the population that is male, andper capita income in each state. Regression results and residual plots for the regression are provided below.
The criminologist find that the correlation between the percent of the population that is male and per capita income is -0.053. Aside from the fact that neither slope coefficient is statistically significant, what other regression issue is MOST likely occurring in this model?
- A. Heteroskedasticity
- B. Lagged variables
- C. Homoskedasticity
- D. Multicollinearity
Answer: A
NEW QUESTION 115
Using the histogram below, how many companies have market capitalizations of more than $248 billion and up to and including $260 billion?
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- A. 0
- B. 1
- C. 2
- D. 3
Answer: C
Explanation:
Topic 2, Economics for Managers
NEW QUESTION 116
A financial planning software company has earned large profits for the past four years, attracting new entrants to the market. What effect does the new competition have on the original company's market?
- A. The company will be willing to supply less at any price.
- B. Customers will become more sensitive to price changes.
- C. The company will increase the price of its software.
- D. Demand for financial planning software will become less elastic.
Answer: B
NEW QUESTION 117
Deferred Taxes can be which of the following account types? (Select all that apply.)
- A. Owner's Equity
- B. Expense
- C. Revenue
- D. Asset
- E. Liability
Answer: D,E
NEW QUESTION 118
A high school teacher believes that the poverty rate in each U.S. state can be explained by the percentage of the population who do not have a high school diploma or equivalent. The teacher collects data from each of the 50 U.S. states; a portion of the data is given below.
Which of the following Excel dialog boxes correctly runs the regression described? A)
B)
C)
D)
- A. Option A
- B. Option D
- C. Option B
- D. Option C
Answer: A
NEW QUESTION 119
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 is in a convenient location for its customers.
- B. The gas station entered the market earlier than any of its competitors.
- C. The gas station offers a free car wash if customers purchase 10 or more gallons of gas.
- D. The gas station offers a loyalty program through which customers can earn points toward future purchases.
Answer: B
NEW QUESTION 120
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 suspend production of the new drug, because there is no evidence that it significantly lowers recovery time.
- B. 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.
- C. 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.
- D. 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.
Answer: A
NEW QUESTION 121
Which of the following options represent implicit transactions? (Select all that apply.)
- A. The recognition of revenue over time related to payment received in advance for a multiyear contract
- B. Recording a loss on the sale of a piece of plant equipment
- C. Interest expense accrued at the end of the fiscal year
- D. The repurchase of shares of the company's stock
- E. An inter-company sale of goods under a short term agreement
Answer: A,C
NEW QUESTION 122
A producer of high-end watches has a willingness to sell of $1,000. After a recession occurs, willingness to pay (WTP) for high-end watches drops to $900. What could the watch producer do to raise WTP for its good? (Select all that apply.)
- A. Lower the price for the watch
- B. Design a new watch based on watches sold by competitors
- C. Advertise in a high-end department store's catalog
- D. Raise the price for the watch
- E. Add a new feature to the watch
Answer: C,E
NEW QUESTION 123
What are the items that companies using the International Financial Reporting Standards (IFRS) might place in different sections within the statement of cash flows compared to those reporting under US Generally Accepted Accounting Principles (GAAP)?
- A. Capital expenditures and depreciation
- B. Loan payments and stock issued
- C. Interest and dividends
- D. Inventory and net income changes
Answer: C
NEW QUESTION 124
A company's Balance Sheet for the year ended Dec. 31, 2013 is as follows:
(In millions)
The company is MOST likely in which of the following industries?
- A. Civil aviation
- B. Commercial banking
- C. Pharmaceutical
- D. Retailing
Answer: D
NEW QUESTION 125
Which of the following formulas is used to calculate operating income on the income statement of a manufacturing company?
- A. Sales or revenue - operating expenses
- B. Revenue- operating expense - interest expense
- C. Gross profit - operating expenses
- D. Net income + ending balance of cash
Answer: C
NEW QUESTION 126
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