Authentic HBX CORe Exam Dumps PDF - 2023 Updated
Get Prepared for Your CORe Exam With Actual 265 Questions
NEW QUESTION # 129
When forecasting monthly cash flows, which of the following businesses would be MOST impacted by seasonality?
- A. Law firm
- B. Toy store
- C. Hardware store
- D. Eyeglasses store
Answer: B
NEW QUESTION # 130
Analysts at a technology company predict that the company will be able to increase the price for its new product after it has been on the market for one year. Which of the following conditions would BEST explain this prediction?
- A. Input prices for the product are expected to rise in the future.
- B. As more products are sold, customers' willingness to pay rises.
- C. The firms competing in this industry experience economies of scale.
- D. The company faces two well-defined customer segments with different levels of willingness to pay.
Answer: B
NEW QUESTION # 131
The owner of a small hardware store learns that a large competitor is opening a store nearby. The new competitor has smaller profit margins on each unit than the small store but earns profits through larger volume. Which of the following techniques would BEST help the small store remain competitive?
- A. Lower prices below variable cost
- B. Improve service by hiring workers specializing in the maintenance of power tools
- C. Increase the size of the store
- D. Run advertisements showing how neighborhoods improve through individual home improvement
Answer: B
NEW QUESTION # 132
A weight loss clinic had 1,000 clients last year. The distribution of the changes in clients' weights is shown below.
Which of the following Excel formulas would correctly calculate the 95% confidence interval for the true average change in weight? Please note that the formula for calculating confidence intervals in Excel is =CONFIDENCE.NORM(alpha, standard_dev, size).
- A. -1.2 +- CONFIDENCE.NORM(0.05, 2.3, 1000)
- B. -1.2 +- CONFIDENCE.NORM(0.025, 2.3, 1000)
- C. -1.2 +- CONFIDENCE.NORM(0.025, 3.5, 1000)
- D. -1.2 +- CONFIDENCE.NORM(0.05, 3.5, 1000)
Answer: D
NEW QUESTION # 133
A ski coach is interested in estimating the 68% confidence interval around the mean time (in seconds) of all the gold medal winners in Olympic downhill skiing. The coach collects the data, presented below, for all of the winners from 1948 to 2014. The mean of the sample is 122.5 seconds, with a standard deviation of 23 seconds. Which Excel function below is the BEST option for determining the 68% confidence interval?
Please note that the Excel functions for confidence intervals are =CONFIDENCE.NORM(alpha, standard_dev, size) and =CONFIDENCE.T(alpha, standard_dev, size).
- A. = 122.5 +- CONFIDENCE.NORM(0.68,23,18)
- B. = 122.5 +- CONFIDENCE.T(0.32,23,18)
- C. = 122.5 +- CONFIDENCE.T(0.68,23,18)
- D. = 122.5 +- CONFIDENCE.NORM(0.32,23,18)
Answer: B
NEW QUESTION # 134
A local restaurant owner decides to poll individuals randomly regarding how much they would be willing to spend on a romantic dinner for two. The owner takes a preliminary sample of 32 people and finds that the average amount those surveyed were willing to pay is $35 with a standard deviation of $10. The owner is not satisfied, however, because the owner wants to be 95% sure that the mean of the new sample falls within $2 of the true mean. What is the minimum number of people the owner should interview? Note that z=1.96 for a 95% confidence interval.
- A. 0
- B. 1
- C. 2
- D. 3
Answer: A
NEW QUESTION # 135
For valuation purposes, the opportunity cost and inflation are two main concepts that explain the:
- A. Economic value added
- B. Real rates of interest
- C. Time value of money
- D. Riskiness of a project
Answer: C
NEW QUESTION # 136
A student gathers information and performs a regression analysis comparing a person's undergraduate GPA to that person's starting salary after college graduation.
Based on this regression, what would a student with a GPA of 3.67 expect to earn on average upon college graduation?
- A. $29,622.42
- B. $50,351.10
- C. $17,124.95
- D. $45,670.40
Answer: B
NEW QUESTION # 137
A company collected $10,000 from a customer in payment for goods sold to the customer a month ago on credit. How would the collection impact the accounting equation?
- A. Increase assets and decrease assets
- B. Increase assets and decrease liabilitiies
- C. Increase assets and increase liabilities
- D. Increase assets and increase owner's equity
Answer: A
NEW QUESTION # 138
A new weather forecast predicts a storm for Saturday. On Saturday, there will be an outdoor soccer match and an indoor basketball game played. If sports fans enjoy all types of sports, what will happen to ticket sales for both games?
- A. Soccer ticket prices will decrease, and basketball ticket prices will increase.
- B. Quantity of basketball tickets sold will increase by the amount of the decrease in quantity of soccer tickets sold.
- C. Soccer ticket prices will decrease, and basketball ticket prices will not be affected.
- D. Soccer ticket prices will increase, and basketball ticket prices will not be affected.
Answer: A
NEW QUESTION # 139
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 # 140
A new technological improvement is invented for the production of coffee. At the same time, the price of tea (a substitute for coffee) decreases, and the price of sugar (a complement to both coffee and tea) increases. What is the known result for the new equilibrium for coffee?
- A. Price increases
- B. Quantity and price both increase
- C. Quantity and price both decrease
- D. Price decreases
Answer: D
NEW QUESTION # 141
A company believes a "low-cost" strategy would help increase revenues. The company lowers the price of its product but actually sees a decrease in revenues. What information could explain this result?
- A. The company's product is not perceived as a necessity.
- B. The company failed to cut costs significantly.
- C. The market is in an economic boom.
- D. The demand for the product is relatively inelastic.
Answer: D
NEW QUESTION # 142
What denominator amounts does an analyst use to calculate the common size balance sheet and income statement?
- A. Total assets and sales, respectively
- B. Current assets and net income, respectively
- C. Total assets and operating income, respectively
- D. Owner's equity and sales, respectively
Answer: A
NEW QUESTION # 143
Which of the following options represent implicit transactions? (Select all that apply.)
- A. An inter-company sale of goods under a short term agreement
- B. The repurchase of shares of the company's stock
- C. Interest expense accrued at the end of the fiscal year
- D. The recognition of revenue over time related to payment received in advance for a multiyear contract
- E. Recording a loss on the sale of a piece of plant equipment
Answer: C,D
NEW QUESTION # 144
At the end of the accounting period, nominal accounts on the income statement close out to which real account on the balance sheet?
- A. Common stock
- B. Dividends payable
- C. Cash
- D. Retained earnings
Answer: D
NEW QUESTION # 145
Which of the following activities will cause assets and owner's equity to decrease?
- A. Repurchase common shares for cash
- B. Sell used plant equipment and realize a gain
- C. Pay off the principal and interest of a long-term debt
- D. Declare dividends on outstanding shares
Answer: A
NEW QUESTION # 146
A landlocked student believes that people would prefer to live near the ocean if they could afford the additional expense. To test this, the student wants to see whether states bordering an ocean are more likely to have a larger percent of wealthy families than states without an ocean coast. The student collects data from the 50 U.S. states on the percent of families making over $200,000 a year along with whether the state has an ocean coast (where 1 means the state has an ocean coast).
Based on the regression results given below, what can be said at the 95% confidence level?
- A. On average, the wealthy make up 4.12% of the population of states without an ocean coast and 6.89% of states with an ocean coast. The result is statistically significant.
- B. On average, the wealthy make up 4.12% of the population of states without an ocean coast and 2.77% of states with an ocean coast. The result is not statistically significant.
- C. On average, the wealthy make up 4.12% of the population of states without an ocean coast and 2.77% of states with an ocean coast. The result is statistically significant.
- D. On average, the wealthy make up 4.12% of the population of states without an ocean coast and 6.89% of states with an ocean coast. The result is not statistically significant.
Answer: A
NEW QUESTION # 147
In a small town, there are two Mexican restaurants. Restaurant A serves traditional dishes from Western Mexico while Restaurant B primarily serves Northern Mexican cuisine. Many more residents of the town are willing to buy the Northern cuisine than the Western cuisine. Which of the following reasons could NOT explain why Restaurant A continues to offer a different menu than that of its competitor?
- A. Restaurant A is able to charge higher prices for its dishes than Restaurant
- B. Restaurant A fears that changing its menu will increase competition and erode profits.
- C. Restaurant A is currently earning 0 profits.
- D. Restaurant B is operating at its minimum efficient scale.
Answer: C
NEW QUESTION # 148
For a standard normal distribution (=0, =1), the area under the curve to the left of 0.37 is 0.6443. What is the probability of getting a value less than -0.37 or greater than 0.37?
- A. 64.43%
- B. 71.14%
- C. 35.57%
- D. 28.86%
Answer: B
NEW QUESTION # 149
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. Multicollinearity
- B. Heteroskedasticity
- C. Lagged variables
- D. Homoskedasticity
Answer: B
NEW QUESTION # 150
After a new report concludes that airplane exhaust has a negative impact on the environment, a government regulation is introduced which reduces the number of flights airlines can make in a day by 10 percent. To comply with this regulation, a certain airline halves the frequency of flights on several of its routes but maintains its original fleet of airplanes. What happens to the costs for the airline?
- A. Cost for each additional flight will increase.
- B. Total costs will fall by 10 percent.
- C. Average cost per flight will increase.
- D. Total costs for the airline will increase.
Answer: C
NEW QUESTION # 151
A company manager commissions a report to study the relationship between sales volume (in thousands of units) and the number of computers in each of the company's offices. Based on the regression output, which of the following statements is correct?
Exhibit:
- A. Less than 3 percent of the variability of sales volume is explained by the number of computers in an office.
- B. When the number of computers in an office increases by 1, the average sales volume decreases by 410 units.
- C. When the number of computers in an office increases by 1, the average sales volume increases roughly by 155,000 units.
- D. There is a strong positive linear relationship between sales volume and number of computers in an office.
Answer: A
NEW QUESTION # 152
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