[2023] Use Valid CORe Exam - Actual Exam Question & Answer
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While the HBX CORe program is open to anyone, the final exam is designed to be challenging and is meant to be taken seriously. Participants are encouraged to study diligently and prepare thoroughly before attempting the exam. Those who pass the exam will receive a HBX CORe certification, which demonstrates to employers and colleagues that they have a solid foundation in business concepts and skills.
To be eligible to take the HBX CORe final examination, learners must successfully complete all three courses in the program. Learners must also achieve a passing grade in each course. Learners who successfully pass the final examination will be awarded a credential of readiness that is recognized by Harvard Business School.
NEW QUESTION # 49
When forecasting monthly cash flows, which of the following businesses would be MOST impacted by seasonality?
- A. Law firm
- B. Eyeglasses store
- C. Hardware store
- D. Toy store
Answer: D
NEW QUESTION # 50
If demand for cigarettes is relatively inelastic, how should a government implement a $1 per pack excise tax on cigarettes if the government's goal is to minimize cigarette consumption?
- A. The tax will have no impact on consumption in either case.
- B. The government should levy the tax on cigarette consumers.
- C. The tax will have the same impact whether it is levied on consumers or producers.
- D. The government should levy the tax on cigarette producers.
Answer: C
NEW QUESTION # 51
A tech company has just completed market research on a potential new project that would last three years. The research cost $150,000 and determined that the project is expected to bring in $200,000 of revenue annually. The company will have to lease a plant for a total three-year cost of $100,000 and calculates that materials and labor will cost 60 percent of revenue. Given this information, what will economic profits be for the three years, and should the project be adopted?
- A. $140,000. Yes, the project should be adopted.
- B. -$10,000. No, the project should not be adopted.
- C. $140,000. No, the project should not be adopted.
- D. $240,000. Yes, the project should be adopted.
Answer: A
NEW QUESTION # 52
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 # 53
For valuation purposes, the opportunity cost and inflation are two main concepts that explain the:
- A. Riskiness of a project
- B. Time value of money
- C. Economic value added
- D. Real rates of interest
Answer: B
NEW QUESTION # 54
After a major storm cuts off power to a large city, the local government passes an anti-gouging law to prevent a surge in the price for gasoline. After the law is in place, government officials learn that a side market for gasoline has developed, in which suppliers are procuring gasoline from surrounding areas and charging more than the legal price. Should the government shut down the side market?
- A. Yes; otherwise the existence of the side market will result in an increase in the legal price of gasoline.
- B. Yes; shutting down the side market will signal to the market that gasoline suppliers should sell more gasoline at the legal price.
- C. No; by ignoring this side market, the government will be able to collect significant tax revenue.
- D. No; the shortage of gasoline would become more severe if the government shut down the side market.
Answer: D
NEW QUESTION # 55
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 9,500 units on average.
- C. Each additional $1.00 spent on advertising increases digital music sales by $0.15 on average.
- D. Each additional $1,000 spent on advertising increases digital music sales by $0.15 on average.
Answer: C
NEW QUESTION # 56
During a prolonged recession, a hotel chain sees reservations at one of its locations decline by five percent. The chain soon decides to close that location. Why would a small change in capacity utilization have this effect?
- A. Fixed costs are too high for the hotel to remain profitable at this decreased quantity.
- B. The consumers most affected by the recession are generally those with lower willingness to pay.
- C. Closing the location will allow the hotel chain to recover some of its sunk costs.
- D. Demand for hotel rooms in this location is extremely elastic.
Answer: A
NEW QUESTION # 57
What is the approximate poverty rate for the outlier in the scatterplot below?
- A. 53%
- B. 25%
- C. 10%
- D. 18%
Answer: D
NEW QUESTION # 58
Company A is projecting a 10 percent increase in revenue for the next quarter with no significant changes to their operations. Which of the following accounting elements is the LEAST likely to mirror that increase?
- A. Accounts receivable
- B. Cost of goods sold
- C. Capital expenditures
- D. Inventory
Answer: C
NEW QUESTION # 59
A serious drought has created a shortage of food across the country. In an attempt to maximize profits, one grocery store decided to auction off its limited supply of food. Which of the following scenarios is the MOST likely to occur in this situation?
- A. The willingness to pay for food would rise.
- B. The magnitude of the food shortage would increase.
- C. The consumers with the highest willingness to pay would receive food.
- D. The consumers with the lowest opportunity cost of time would receive food.
Answer: C
NEW QUESTION # 60
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 increase owner's equity
- B. Increase assets and increase liabilities
- C. Increase assets and decrease liabilitiies
- D. Increase assets and decrease assets
Answer: D
NEW QUESTION # 61
The management of Company A, a consumer products company, is forecasting revenue as part of their internal budget exercise. Which of the following factors is of the LEAST value in arriving at the forecast revenue amount?
- A. Competitive pressures and new products
- B. The revenue level needed to exceed break-even
- C. Overall macroeconomic conditions
- D. The market strength for the company's products
Answer: B
NEW QUESTION # 62
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 for the airline will increase.
- C. Average cost per flight will increase.
- D. Total costs will fall by 10 percent.
Answer: C
NEW QUESTION # 63
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 decrease
- D. Quantity and price both increase
Answer: A
NEW QUESTION # 64
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>27
- C. HA. u<29
- D. H u>29
Answer: C
NEW QUESTION # 65
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. New equipment decreases the costs of harvesting apples.
- D. A new disease kills apple trees.
Answer: D
NEW QUESTION # 66
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. Pharmaceutical
- B. Commercial banking
- C. Retailing
- D. Civil aviation
Answer: B
NEW QUESTION # 67
When a company declares and pays dividends to its shareholders, which of the following options is affected?
- A. Accounts receivable turnover
- B. Interest coverage ratio
- C. Current ratio
- D. Gross profit margin
Answer: C
NEW QUESTION # 68
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 increase by 2.39 percentage points.
- B. The job vacancy rate is forecasted to decrease by 0.18 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: B
NEW QUESTION # 69
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 3
- B. Project 2
- C. Project 4
- D. Project 1
Answer: C
NEW QUESTION # 70
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