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Latest HBX CORe Certification Practice Test Questions
HBX CORe program and certification exam are valuable resources for individuals who are looking to build a solid foundation in business fundamentals. The program covers a wide range of topics and provides individuals with essential skills and knowledge needed to succeed in business. HBX CORe Final Examination certification exam is a comprehensive test that evaluates individuals' understanding and application of the concepts and principles taught in the program. Passing the exam and receiving the certification is a valuable asset that can help individuals advance their careers in business.
NEW QUESTION # 118
A company buys a machine for $175,000. The machine will be depreciated on straight-line basis over a 10-year period with salvage value of $25,000. The company expects the machine to generate after-tax net cash inflows of $30,000 in each of the 10 years. At the end of the 10 years, the machine is expected to be sold for $25,000. The discount rate is eight percent.
What is the net present value?
- A. $51,300
- B. $26,300
- C. $37,875
- D. $212,875
Answer: C
NEW QUESTION # 119
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. C1:D51
- D. B1:B51
Answer: A
NEW QUESTION # 120
What is the set of accounting standards most commonly used by companies outside the US?
- A. Global Financial Accounting Standards (GFAS)
- B. Convergence of International Financial Reporting Standards (IFRS) and US Global Financial Accounting Standards (US GFAS)
- C. International Financial Reporting Standards (IFRS)
- D. US Generally Accepted Accounting Principles (US GAAP)
Answer: C
NEW QUESTION # 121
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 collected $10,000 for a product that had not been delivered.
- B. Company B received an order for a product at the price of $10,000.
- C. Company B sold a product for $10,000.
- D. Company B delivered a product for which $10,000 had already been paid.
Answer: D
NEW QUESTION # 122 
Which of the following formulas in Excel would correctly calculate the mean of the data below? (Select all that apply.)
- A. =MEDIAN(B2:B13)
- B. =AVERAGE(B2:B13)
- C. =MODE(B2:B13)
- D. =SUM(B2:B13)/12
- E. =MEAN(B2:B13)
Answer: B,D
NEW QUESTION # 123
Which of the following options is an example of an expense?
- A. Purchase of $10,000 of fabric to be used by a clothing manufacturer
- B. Purchase of a new vehicle for $30,000 by a delivery company
- C. Consumption of $500 of electricity for the head office building
- D. Payment of $6,000 for vehicle insurance covering the next year
Answer: C
NEW QUESTION # 124
A product manager wants to predict a sales team's performance for the upcoming year based on the average price of the products the team sells and the number of staff members on the sales team. Team performance is measured on a scale from 0 to 100. The resulting regression equation is below:
Performance = 33.50 - 0.02(product price) + 0.79(number of staff members)
What is the predicted team performance for the upcoming year, given that the average price of products sold is forecasted to be $40, and there are 25 people on the sales team?
- A. 18.95
- B. 64.60
- C. 14.55
- D. 52.45
Answer: D
NEW QUESTION # 125
The owner of a t-shirt store on a beach sells 200 shirts per month in the summer for a price of $15.00. During the winter months, the owner reduces the price to $9.00 and sells 100
shirts per month. The store must be leased in one-year increments at $400 per month in rent. The cost of labor, materials, and utilities are an additional $600 a month. Should the store remain open during the winter months?
- A. Yes, the store should remain open during the winter months.
- B. No, the store should shut down during the winter months.
- C. Yes, the store should remain open but should lower prices to $6.00 during the winter months.
- D. No, the store should shut down completely.
Answer: A
NEW QUESTION # 126
An online music streaming company has two subscription options:
1.Listen to unlimited music with five minutes of advertisements for every hour of music.
2.Pay a monthly fee and listen to unlimited music with no ads.
If a potential customer wants to subscribe to the company but is indifferent between options 1 and 2, the customer's willingness to pay (WTP) is:
- A. Positive for music and negative for advertising.
- B. Positive for music and unknown for advertising.
- C. 0 for music and negative for advertising.
- D. Positive for music and positive for advertising.
Answer: A
NEW QUESTION # 127
An organization focused on decreasing HIV in developing countries wishes to investigate the relationship between the prevalence of HIV and various education and economic factors. The organization collects data from 2011 for 98 different countries on the prevalence of HIV, as well as average years of schooling, gross domestic product (GDP) per capita, and health expenditures per capita, which they believe all have an impact on HIV prevalence. Which of the following options correctly runs the regression specified above?
A)
B)
C)
D)
- A. Option D
- B. Option B
- C. Option A
- D. Option C
Answer: C
NEW QUESTION # 128
The electric car market is expected to grow significantly over the next few years due to new technologies making electric cars more affordable. Which of the following types of companies would MOST likely benefit from the substitution of electric cars for traditional vehicles?
- A. Public transportation
- B. Auto mechanics
- C. Oil suppliers
- D. Airlines
Answer: D
NEW QUESTION # 129
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 # 130
What denominator amounts does an analyst use to calculate the common size balance sheet and income statement?
- A. Current assets and net income, respectively
- B. Total assets and sales, respectively
- C. Total assets and operating income, respectively
- D. Owner's equity and sales, respectively
Answer: B
NEW QUESTION # 131
Which of the following methods for valuing and expensing inventory is NOT allowed under the International Financial Reporting Standards (IFRS)?
- A. Standard Cost
- B. Last In First Out (LIFO)
- C. First In First Out (FIFO)
- D. Weighted Average
Answer: B
NEW QUESTION # 132
The histogram below shows the Industrial Production Index, which measures the output of the manufacturing, mining, and utilities industries for 34 selected countries. After confirming that the data are accurate, economists studying the results are debating how to handle the value for Iceland, 187.4.
The economists are determined to present the most accurate depiction of the data for all 34 countries. Which of the recommendations below is BEST?
- A. The value for Iceland is an outlier and should be eliminated since it will skew the results gathered from the rest of the data.
- B. The value for Iceland is an outlier and should not be eliminated since it is a valid entry and removing it would affect the results.
- C. The value for Iceland is not an outlier but should be changed so that it presents a more accurate picture of the data.
- D. The value for Iceland is an outlier and should be changed so that it presents a more accurate picture of the data.
Answer: B
NEW QUESTION # 133
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 not 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 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 not 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 statistically significant.
Answer: D
NEW QUESTION # 134
Which of the following options is presented in the above accounting journal entry?
- A. Sale of goods on account
- B. Sale of goods at cost
- C. Sale of fixed assets on credit
- D. Capitalization of inventory
Answer: A
NEW QUESTION # 135
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. The mean and median would remain the same.
- B. Both the mean and median would increase.
- C. The mean would decrease and the median would increase.
- D. Both the mean and median would decrease.
Answer: C
NEW QUESTION # 136 
The data below represent the top 25 U.S. newspapers by average daily circulation (in thousands) in 2013. Based on the output, what is the standard deviation of this sample?
- A. 10.46
- B. 547.42
- C. 109.48
- D. 299,663.81
Answer: B
NEW QUESTION # 137
A professor asks a class of 100 students to spend the weekend sampling the heights of adults. After each student samples 30 adults, the student is then asked to calculate the mean of his or her sample. As the professor collects the individual sample results from each student, which of the options below is the MOST likely to be observed?
- A. As more samples are collected, the sample means may vary but the average of the sample means will converge to the true population mean.
- B. As more samples are collected, the sample means will converge to the true population mean.
- C. As more samples are collected, the average of the sample means increases but will not converge to the true population mean.
- D. As more samples are collected, the average of the sample means decreases but will not converge to the true population mean.
Answer: A
NEW QUESTION # 138
A manager wants to examine the effect of season (Spring, Summer, Autumn or Winter) and time of the game (Morning, Afternoon or Evening) on the number of television viewers for a National Basketball Association game. How many dummy variables should be included in the multipleregression?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: C
NEW QUESTION # 139
Which of the following options is an example of a liability?
- A. A bond purchased at a premium
- B. The private mortgage of a CFO
- C. Outstanding preferred stock
- D. Payment received in advance from a customer
Answer: D
NEW QUESTION # 140
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