CORe Sample Practice Exam Questions 2024 Updated Verified
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Successful completion of the HBX CORe final examination results in the awarding of the HBX CORe Certification. HBX CORe Final Examination certification is a valuable credential that demonstrates to employers and colleagues that the student has a thorough understanding of the fundamentals of business. It is also a valuable addition to a student's resume and can help to open up new career opportunities.
HBX CORe Final Examination is the culminating assessment for the HBX CORe program. CORe exam is designed to evaluate the knowledge and skills that participants have acquired throughout the program. CORe exam consists of three sections, each corresponding to one of the core areas of the program. CORe exam is administered online and consists of multiple-choice questions and short-answer questions. CORe exam is timed and participants have a set amount of time to complete each section. Upon successful completion of the exam, participants earn the HBX CORe Certification, which is recognized by employers as a valuable credential in the business world.
HBX CORe certification exam is a rigorous exam that tests students’ knowledge of the material covered in the HBX CORe program. CORe exam consists of multiple-choice questions and is timed. Students must complete the exam within a set amount of time and must achieve a minimum score in order to pass the exam and receive their certification.
NEW QUESTION # 136
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 1
- C. Project 3
- D. Project 2
Answer: A
NEW QUESTION # 137
A mutual fund manager believes that a new research method will provide better returns for clients. The manager's historical monthly return prior to the new research method was 0.46%. After the manager began using the new method the monthly return was 0.57%. After running a hypothesis test, the manager saw that the one sided p-value was 0.029. Assuming a 95% confidence level, which of the conclusions below would be correct?
- A. Do not reject the null hypothesis and begin using the old method.
- B. Reject the null hypothesis and begin using the old method.
- C. Do not reject the null hypothesis and continue using the new method.
- D. Reject the null hypothesis and continue using the new method.
Answer: D
NEW QUESTION # 138
A trainer believes that a new workout regimen has helped athletes score more points per game. If the previous mean for points scored per player per game was 5.3, which alternative hypothesis below is the trainer trying to substantiate?
- A. u5.3
- B. u=5.3
- C. u>5.3
- D. u<5.3
Answer: C
NEW QUESTION # 139
A student suspects that this January has been much colder than in years past. The student decides to test this belief by looking at the daily mean temperatures for that month. The historical mean daily temperature for January was 29(O)F. The student's data show that the average daily mean temperature for this January was 27(O)F. Based on the student's theory and the information above, what is the correct alternative hypothesis?
- A. HA. u>27
- B. HA. u<29
- C. H u>29
- D. HA. u<27
Answer: B
NEW QUESTION # 140
In finance, beta is a measure of the systematic risk of a security in comparison to the market as a whole. Beta can be found by running a regression analysis of the monthly returns of the security versus the monthly returns of the general market. The regression output table below shows the relationship between Boeing's monthly returns and the monthly returns of the Standard and Poor's 500 (S&P 500) which is a stock market index of 500 large companies.
If beta is the average change in Boeing's monthly returns as the monthly returns of the S&P 500 increase by one, what is Boeing's beta?
- A. 0.5204
- B. 0.2708
- C. 1.1400
- D. 0.0100
Answer: C
NEW QUESTION # 141
The owner of a chain of convenience stores is concerned that store-level marketing expenditures are not increasing its stores' sales. In addition, the owner believes that an especially cold winter has caused sales to drop. The owner collects data in Dec. 2013 for a random sampling of 50 stores in the Midwestern region of the United States; a portion of this spreadsheet is given below.
In the regression specified above, which cell range belongs in the highlighted region?
- A. D1:D51
- B. B1:C51
- C. B1:B51
- D. C1:D51
Answer: A
NEW QUESTION # 142
The graph below reflects which of the following situations in the market for apples?
- A. The government introduces a tax on oranges.
- B. There is a shortage of apples.
- C. A new disease kills apple trees.
- D. New equipment decreases the costs of harvesting apples.
Answer: C
NEW QUESTION # 143
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: B
NEW QUESTION # 144
The Beveridge curve displays the relationship between the unemployment rate and the job vacancy rate (the number of unfilled jobs divided by the labor force). A government official wants to forecast the job vacancy rate for next month to see whether jobs posted now are likely to be filled. The official runs a simple regression using monthly U.S. data from 20012013; the results are given below.
If the unemployment rate next month is expected to be 6.6% and the vacancy rate this month was 2.58%, by how much is the vacancy rate forecasted to change? Note that percentages are given as values between 0 and 1.
- A. The job vacancy rate is forecasted to decrease by 0.18 percentage points.
- B. The job vacancy rate is forecasted to increase by 2.39 percentage points.
- C. The job vacancy rate is forecasted to decrease by 3.88 percentage points.
- D. The job vacancy rate is forecasted to decrease by 20.23 percentage points.
Answer: A
NEW QUESTION # 145
Which of the following items can be found in the "Operating Section" of an indirect method cash flow statement? (Select all that apply.)
- A. Purchases of property and equipment
- B. Changes in inventory and accounts payable
- C. Issuance of common stock
- D. Cash paid in business combination
- E. Depreciation and amortization amounts
Answer: B,E
NEW QUESTION # 146
Company B recorded a transaction with a debit of $10,000 to deferred revenue and a credit of $10,000 to revenue. Which of the following situations BEST describes the transaction that would lead to this journal entry?
- A. Company B delivered a product for which $10,000 had already been paid.
- B. Company B collected $10,000 for a product that had not been delivered.
- C. Company B sold a product for $10,000.
- D. Company B received an order for a product at the price of $10,000.
Answer: A
NEW QUESTION # 147
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 $0.15 spent on advertising increases digital music sales by $1.00 on average.
- B. Each additional $1.00 spent on advertising increases digital music sales by $0.15 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: B
NEW QUESTION # 148
Which of the following financial statements is MOST useful in determining the capital expenditures of a company during the past year?
- A. The statement of cash flows, using the investing section
- B. The income statement, using the depreciation expense per year
- C. The statement of retained earnings, using the profits that were reinvested in the company
- D. The balance sheet, using the ending balance of property, plant, and equipment
Answer: A
NEW QUESTION # 149
Why would an entrepreneur want to operate a mobile food truck instead of a restaurant?
- A. A mobile food truck has lower fixed costs than a restaurant.
- B. A mobile food truck invites a wider variety of customers than a restaurant.
- C. In the short-run restaurants make zero economic profit.
- D. In the long-run restaurants make zero economic profit.
Answer: A
NEW QUESTION # 150
Which of the following options is an example of a biased question? (Select all that apply.)
- A. What should the federal minimum wage be?
- B. Should the federal minimum wage be increased even though it would cost private businesses billions of dollars?
- C. Should Congress increase the federal minimum wage?
- D. Would it be better to replace the federal minimum wage with a living wage?
- E. Should the federal minimum wage be changed?
Answer: B,D
NEW QUESTION # 151
What transaction is presented in the above journal entry?
- A. Amortization of prepaid rent
- B. Payment of rent in advance
- C. Rent paid in installments
- D. Accrual for rent outstanding
Answer: A
NEW QUESTION # 152
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. $61
- B. $59
- C. $56
- D. $71
Answer: A
NEW QUESTION # 153
Two years ago, the purchasing manager at a company spent $25,000 on a new machine that would improve production efficiency at the company. The manufacturers of the machine release an updated model that costs $35,000 and that promises to further improve production efficiency. Under what conditions should the purchasing manager upgrade to the new model?
- A. If the savings from the additional efficiency improvements are large enough to offset the $60,000 spent on machines
- B. If the savings from the additional efficiency improvements are large enough to offset the $35,000 cost of the new machine
- C. If the savings from the additional efficiency improvements are large enough to offset the $10,000 difference in price between the machines
- D. If the efficiency improvements from the old machine did not result in enough savings to offset the $25,000 purchase price
Answer: B
NEW QUESTION # 154
Which of the following options is an example of an implicit transaction?
- A. An invoice for an item of plant equipment that was just purchased
- B. A sales order from a customer for a product to be shipped in two weeks
- C. A depreciation expense for an asset placed in service eight months ago
- D. An invoice for services provided by the pension fund administrator
Answer: C
NEW QUESTION # 155 
The partial regression output table below describes the relationship between point differential per game and winning percentage for all 30 National Basketball Association teams for the last five seasons. (For a team, the point differential per game is the difference between average points scored and average points allowed per game.) Based on this information, a decrease in point differential of one point per game would have what effect, on average, on a team's winning percentage?
- A. A decrease in winning percentage of 0.50
- B. An increase in winning percentage of 0.03
- C. A decrease in winning percentage of 0.03
- D. An increase in winning percentage of 0.50
Answer: C
NEW QUESTION # 156
The owner of a small bakery is interested in forecasting the bakery's total sales for a certain date. The owner believes that sales on a given day are influenced by the day's highest temperature (in degrees F) and whether the day falls on a weekend (Saturday or Sunday). A random sample of 60 days is taken from November 2013 to May 2014; the regression results are given below. If the high temperature for tomorrow, a Thursday, is forecasted to be 60 degrees F, what does the model predict the total sales will be?
Note that the weekend dummy variable takes a value of one for Saturday and Sunday and zero otherwise.
- A. $500.41
- B. $1,271.27
- C. $1,571.27
- D. $2,042.13
Answer: B
NEW QUESTION # 157
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