Best HBX CORe Exam Practice Material Updated on Jan 11, 2024
New CORe Actual Exam Dumps, HBX Practice Test
HBX CORe, or Credential of Readiness, is an online program offered by Harvard Business School that aims to equip learners with essential business skills. The program covers three fundamental business areas: business analytics, economics for managers, and financial accounting. Through a highly interactive and engaging learning experience, HBX CORe prepares learners for success in business and beyond. The program is designed for individuals who wish to gain foundational knowledge in business, including students, recent graduates, and professionals from non-business fields.
Upon completion of the HBX CORe program, learners are awarded the HBX CORe Credential of Readiness, which attests to their mastery of the fundamental concepts of business. The HBX CORe program has been designed for learners from diverse backgrounds, including recent graduates, working professionals, and entrepreneurs who seek to gain a broad understanding of business principles.
NEW QUESTION # 151
When a company declares and pays dividends to its shareholders, which of the following options is affected?
- A. Accounts receivable turnover
- B. Current ratio
- C. Interest coverage ratio
- D. Gross profit margin
Answer: B
NEW QUESTION # 152
Which of the following industries has the MOST competitors?
- A. An industry with a high degree of vertical differentiation
- B. An industry with a high degree of horizontal differentiation
- C. An industry with high fixed costs
- D. An industry with high barriers to entry
Answer: B
NEW QUESTION # 153
A manager at an internet retailer wants to determine whether a recent change in the company's supply chain strategy has affected the amount of time it takes for an order to reach a customer. The historical average amount of time from placing the order to final delivery is 5.2 days. A random sample of 60 orders taken after the implementation of the new strategy indicates an average delivery time of 4.5 days with a standard deviation of 1.4 days. The manager wishes to perform a hypothesis test at a 95% confidence level. Which option represents the correct calculation for the range of likely sample means? Please note that the function for confidence intervals in Excel is =CONFIDENCE.NORM(alpha, standard_dev, size).
- A. =4.5 +- CONFIDENCE.NORM(0.025,1.4,60)
- B. =5.2 +- CONFIDENCE.NORM(0.05,1.4,60)
- C. =4.5 +- CONFIDENCE.NORM(0.05,1.4,60)
- D. =5.2 +- CONFIDENCE.NORM(0.025,1.4,60)
Answer: B
NEW QUESTION # 154
A market research team conducted a pilot test for its new product. The team observed 50 volunteers and recorded their response scores. Using the sample mean and standard deviation, ahypothesis test was performed to see if the average response score was greater than 90. The team calculated a p-value of 0.0477. Which of the following statements is correct?
- A. The p-value shows that the probability the average score is more than 90 is 0.0477.
- B. The p-value shows that the probability the average score is less than 90 is 0.0477.
- C. Without a specified significance level, the p-value cannot be used as evidence to reject or accept the null hypothesis.
- D. The p-value is less than 0.05; hence, there is evidence to reject the null hypothesis.
Answer: C
NEW QUESTION # 155
An athletic shoe company is trying to establish a stronger brand identity with consumers. Its objective is to first understand, broadly, how consumers value its brand compared to its
competitors and then determine how much consumers value specific features of its competitors' products. Which of the following approaches would be MOST effective in gathering this information?
- A. Conduct a survey and then run a conjoint analysis.
- B. Gradually lower prices to determine demand.
- C. Hold an auction to sell various models of the company's shoes.
- D. Conduct a focus group and then a survey.
Answer: A
NEW QUESTION # 156
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 school posts a survey on their Facebook page and collects responses from current students.
- B. An administrator surveys the first 50 students that arrive to hear a guest speaker.
- C. An administrator surveys the first 50 students that enter the new dining hall that evening.
- D. The administrators randomly select students from each class who are then surveyed via phone.
Answer: D
NEW QUESTION # 157
Which of the following options is an example of a biased question? (Select all that apply.)
- A. Should Congress increase the federal minimum wage?
- B. What should the federal minimum wage be?
- C. Should the federal minimum wage be increased even though it would cost private businesses billions of dollars?
- D. Would it be better to replace the federal minimum wage with a living wage?
- E. Should the federal minimum wage be changed?
Answer: C,D
NEW QUESTION # 158
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(0.68,23,18)
- C. = 122.5 +- CONFIDENCE.T(0.32,23,18)
- D. = 122.5 +- CONFIDENCE.NORM(0.32,23,18)
Answer: C
NEW QUESTION # 159 
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. 547.42
- B. 109.48
- C. 299,663.81
- D. 10.46
Answer: A
NEW QUESTION # 160
An individual has recently inherited an antique car and decides to sell it via an auction. When the seller brings the car to an auctioning service, the auctioneer asks if it should be sold via an English (open outcry) auction, a Vickrey (sealed second-price) auction, or a sealed first-price auction. Which type of auction will result in the highest sale price?
- A. A Vickrey or an English auction, both of which will result in the same sale price
- B. An English auction
- C. A sealed first-price auction
- D. All three auctions types result in the same sale price
Answer: D
NEW QUESTION # 161
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(0.025, 2.3, 1000)
- B. -1.2 +- CONFIDENCE.NORM(0.05, 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 # 162
Based on the multiple regression output below, choose the variable with the highest level of significance.
- A. X Variable 5
- B. X Variable 9
- C. Intercept
- D. X Variable 3
Answer: B
NEW QUESTION # 163
Which of the following scatterplots shows the strongest positive linear relationship? A)
B)
C)
D)
- A. Option C
- B. Option A
- C. Option D
- D. Option B
Answer: D
NEW QUESTION # 164
A 95% confidence interval for a sample of data is as follows: Sample Mean: 90.5 Upper Bound: 98 Lower Bound: 83
Given this data, the tester is 95% confident that:
- A. the sample mean of 90.5 equals the true population mean.
- B. the true population mean falls between 83 and 98.
- C. the sample mean falls between 83 and 98.
- D. all of the observations will fall between 83 and 98.
Answer: B
NEW QUESTION # 165
Using the histogram below, how many companies have market capitalizations of more than $248 billion and up to and including $260 billion?
}
- A. 0
- B. 1
- C. 2
- D. 3
Answer: D
Explanation:
Topic 2, Economics for Managers
NEW QUESTION # 166
Which of the following transactions is presented in the above journal entry?
- A. An extraordinary disposal of machinery paid in kind
- B. A change of depreciation method during the year
- C. A sale on credit of fixed assets at a gain
- D. A sale of fix assets with a loss
Answer: C
NEW QUESTION # 167
A city planner believes that as people's income rises, they are less likely to travel to work using public transportation or carpools. To see whether this belief is substantiated, the city planner gathers data from the 50 U.S. states on mean household income (in thousands of dollars) as well as the percent of people who take public transportation or carpool to work. The results for this regression are given below.
Which of the following Excel formulas would correctly forecast the dependent variable for a state with a mean household income of $37,000?
- A. =B17+(B18*37000)
- B. =B18+(B17*37)
- C. =B18+(B17*37000)
- D. =B17+(B18*37)
Answer: D
NEW QUESTION # 168
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. Average cost per flight will increase.
- B. Cost for each additional flight will increase.
- C. Total costs for the airline will increase.
- D. Total costs will fall by 10 percent.
Answer: A
NEW QUESTION # 169
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 efficiency
- B. Days payable outstanding
- C. Cash conversion cycle
- D. Working capital
Answer: C
NEW QUESTION # 170
Deferred Taxes can be which of the following account types? (Select all that apply.)
- A. Revenue
- B. Asset
- C. Owner's Equity
- D. Expense
- E. Liability
Answer: B,E
NEW QUESTION # 171
Which of the following activities will cause assets and owner's equity to decrease?
- A. Repurchase common shares for cash
- B. Pay off the principal and interest of a long-term debt
- C. Declare dividends on outstanding shares
- D. Sell used plant equipment and realize a gain
Answer: A
NEW QUESTION # 172
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 decreases
- B. Price increases
- C. Quantity and price both increase
- D. Quantity and price both decrease
Answer: A
NEW QUESTION # 173
Government regulators in a country announce costly new safety regulations for an industry. These new regulations are welcomed by all the companies in the industry. Why might these companies want this added cost?
- A. The increased costs will allow companies to raise prices on their products.
- B. The new regulations will limit competition by discouraging future entrants.
- C. The new regulations are a fixed cost and will decrease the marginal cost of each unit.
- D. The new regulations will help differentiate the industry as a whole.
Answer: B
NEW QUESTION # 174
The government of a country intends to limit pollution by issuing factories tradable permits to pollute. In order for this pollution market to function successfully, the government must:
- A. Prevent the trading and selling of pollution credits between companies.
- B. Determine the desired level of total pollution from the factories.
- C. Mandate that the most efficient companies completely eliminate pollution.
- D. Decide the equilibrium price of a unit of pollution.
Answer: B
NEW QUESTION # 175
Which of the following practices conforms to the conservatism principle?
- A. Recognizing a gain when investments appreciate in value
- B. Reporting a fixed asset at its net book value
- C. Capitalizing research costs incurred before a product is proven to be technologically feasible
- D. Reporting inventory at the lesser value between cost and market value
Answer: D
NEW QUESTION # 176
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