Jan-2022 HBX CORe Certification Real 2022 Mock Exam
CORe Exam Questions and Valid PMP Dumps PDF
NEW QUESTION 43
On an income statement, net sales minus cost of goods sold equals:
- A. pretax profit.
- B. gross profit.
- C. net income.
- D. operating income.
Answer: B
NEW QUESTION 44
A restaurant that sells hamburgers is considering lowering prices to gain market share. The restaurant pays $3,000 a month for the building it occupies, and ingredients and labor cost $2.50 per hamburger. If the restaurant expects to sell 2,000 hamburgers a month, what is the minimum price it could charge?
- A. $3.50
- B. $2.50
- C. $4.00
- D. $3.00
Answer: C
NEW QUESTION 45
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 not an outlier but should be changed so that it presents a more accurate picture of the data.
- B. The value for Iceland is an outlier and should be changed so that it presents a more accurate picture of the data.
- C. The value for Iceland is an outlier and should be eliminated since it will skew the results gathered from the rest of the data.
- D. 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.
Answer: D
NEW QUESTION 46
An individual has an extremely rare item and intends to sell it via an English (open outcry) auction. In which situation should the seller forgo the auction and sell the item for a fixed price?
- A. The seller knows that consumers' willingness to pay varies between $1,000 and $5,000.
- B. The seller knows that consumers' willingness to pay varies between $500 and $1,000 and knows that only one consumer is willing to pay above $900.
- C. The seller has no information about consumers' willingness to pay.
- D. The seller knows that consumers' willingness to pay varies between $500 and $1,000 and knows that at least three consumers are willing to pay above $950.
Answer: B
NEW QUESTION 47
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 20.23 percentage points.
- B. The job vacancy rate is forecasted to decrease by 3.88 percentage points.
- C. The job vacancy rate is forecasted to decrease by 0.18 percentage points.
- D. The job vacancy rate is forecasted to increase by 2.39 percentage points.
Answer: C
NEW QUESTION 48
A college senior is considering starting a business instead of accepting a job that offers a $50,000 salary. To determine if there would be demand for the business, the student has spent $1,000 to survey potential customers. After collecting survey data, the student estimates that the business would earn $80,000 in revenues per year. The student should start the business if the annual cost of running the business is less than:
- A. $79,000
- B. $29,000
- C. $30,000
- D. $80,000
Answer: C
NEW QUESTION 49
A financial planning software company has earned large profits for the past four years, attracting new entrants to the market. What effect does the new competition have on the original company's market?
- A. The company will increase the price of its software.
- B. Customers will become more sensitive to price changes.
- C. Demand for financial planning software will become less elastic.
- D. The company will be willing to supply less at any price.
Answer: B
NEW QUESTION 50
A company reported pretax financial statement income of $420,000 for Year 1. Taxable income for Year 1 was $300,000 due to a temporary timing difference in depreciation expenses. The income tax rate is 30 percent. In its Year 1 balance sheet, the company should record a deferred tax:
- A. liability of $120,000
- B. liability of $36,000
- C. asset of $36,000
- D. asset of $120,000
Answer: B
NEW QUESTION 51
What is the first item that is usually forecasted when projecting financial statements?
- A. Capital expenditures
- B. Operating expenses
- C. Net income
- D. Revenue/Sales
Answer: D
NEW QUESTION 52
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. Real rates of interest
- D. Economic value added
Answer: B
NEW QUESTION 53
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. Quantity of basketball tickets sold will increase by the amount of the decrease in quantity of soccer tickets sold.
- B. Soccer ticket prices will decrease, and basketball ticket prices will increase.
- 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: B
NEW QUESTION 54
Most patients who need organ transplants rely on donors, as the buying and selling of organs is illegal. If a country legalized the buying and selling of organs, what would be the result?
- A. There would be a shorter waiting time for organ transplants.
- B. Only wealthy citizens of the country would be better off.
- C. There would be a decline in total welfare in the country.
- D. Fewer organ transplants would be available.
Answer: A
NEW QUESTION 55
An individual surveys 15 people under the age of 40 and asks for their current salary. The resulting histogram is shown below.
How many of those surveyed earn less than or equal to $50,000 a year?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: B
NEW QUESTION 56
Why are prices typically higher when a firm has monopoly power than when firms are perfectly competitive?
- A. A competitive firm has less incentive to keep prices high on inframarginal customers.
- B. Monopolies are profit maximizing, while perfectly competitive firms are not.
- C. Competitive firms do not have enough market power to produce where marginal revenue equals marginal cost.
- D. A monopolist cannot sustain profits without expanding production.
Answer: A
NEW QUESTION 57
An earthquake destroys a major manufacturing plant that produces sneakers. The manufacturing plant for rubber, a complementary good to sneakers, is unaffected by the earthquake. What is the result?
- A. The equilibrium quantity for both products remains the same.
- B. The equilibrium quantity of sneakers increases, and the equilibrium quantity of rubber decreases.
- C. The equilibrium quantity of sneakers decreases, and the equilibrium quantity of rubber increases.
- D. The equilibrium quantity for both products decreases.
Answer: D
NEW QUESTION 58
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. Reporting inventory at the lesser value between cost and market value
- D. Capitalizing research costs incurred before a product is proven to be technologically feasible
Answer: C
NEW QUESTION 59
Exhibit:
The scatterplot below shows the relationship between the number of wins for 30 Major League Baseball teams in 2013 and their respective payrolls. The best fit line is included in the scatterplot. Which option below MOST accurately describes the best fit line shown?
- A. y = 72.08 - 0.09x
- B. y = 0.09 + 72.08x
- C. y = 72.08 + 0.09x
- D. y = 0.09 - 72.08x
Answer: C
NEW QUESTION 60
When a company declares and pays dividends to its shareholders, which of the following options is affected?
- A. Accounts receivable turnover
- B. Gross profit margin
- C. Interest coverage ratio
- D. Current ratio
Answer: D
NEW QUESTION 61
Changing accounting assumptions from year to year without having justifiable reasons for the changes is a departure from the accounting principle of:
- A. Conservatism
- B. Consistency
- C. Historical cost
- D. Verifiability
Answer: B
NEW QUESTION 62
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: D
NEW QUESTION 63
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