Latest [May 03, 2023] HBX CORe Exam Practice Test To Gain Brilliante Result [Q121-Q138]

Latest [May 03, 2023] HBX CORe Exam Practice Test To Gain Brilliante Result

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Objectives of HBX CORe Exam

Understand the specialized and equally valuable skills of the HBX CORe exam all of these covered in HBX CORe Dumps. The support on the HBX CORE exhausts will be examined: Consumer needs: fundamentals, Strategies to examine and reinforce needs. Suppliers and expenses, Markets, Competitors, and distinction. Develop efficient pricing techniques, Reference costs compared with those of the competition with an evaluation of relative prices. Apply joint analysis to identify the attributes that customers value the most.

Understand the power of network impacts to meet needs. Identify the sources of competitive advantage with distinction, Create reliable pricing techniques, Understand powerful analytical tools such as a loved one's cost estimation and joint analysis. Identify sources of competitive advantage with differentiation. Apply course concepts in the context of a growing online marketer, event ticket broker, multinational publishing company, and various other businesses.

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NEW QUESTION 121
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 government should levy the tax on cigarette consumers.
B. The tax will have the same impact whether it is levied on consumers or producers.
C. The government should levy the tax on cigarette producers.
D. The tax will have no impact on consumption in either case.

Answer: B

NEW QUESTION 122
A company owns an empty office building and is deciding how to use it next year. It would cost $100,000 to staff the office and $15,000 for equipment. The revenues would be $160,000. Meanwhile, it could rent the office to another company for $75,000 in revenues. In both cases, the company must pay $5,000 for the building's electricity. If the company is seeking to maximize its economic profit, which course should it pursue and what is the outcome?

A. Rent the office to another company, and earn $30,000 in economic profit.
B. Use the office, and earn $40,000 in economic profit.
C. Rent the office to another company, and earn $70,000 in economic profit.
D. Rent the office, and earn $35,000 in economic profit.

Answer: A

NEW QUESTION 123
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. $30,000
C. $80,000
D. $29,000

Answer: B

NEW QUESTION 124
An entrepreneur starts a new business by opening a bank account in the name of this business and making a capital contribution of $10,000 from a personal savings account. This action would impact the accounting equation by increasing assets and:

A. Decreasing liabilities
B. Decreasingowner's equity
C. Increasing owner's equity
D. Increasing liabilities

Answer: C

NEW QUESTION 125
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. =5.2 +- CONFIDENCE.NORM(0.05,1.4,60)
B. =4.5 +- CONFIDENCE.NORM(0.025,1.4,60)
C. =5.2 +- CONFIDENCE.NORM(0.025,1.4,60)
D. =4.5 +- CONFIDENCE.NORM(0.05,1.4,60)

Answer: A

NEW QUESTION 126
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. Conduct a focus group and then a survey.
C. Gradually lower prices to determine demand.
D. Hold an auction to sell various models of the company's shoes.

Answer: A

NEW QUESTION 127
A criminologist wants to investigate the relationship between income, gender composition, and the number of violent crimes. The criminologist collects data from the 50 U.S. states on the number of violent crimes committed in 2012, the percentage of the population that is male, andper capita income in each state. Regression results and residual plots for the regression are provided below.

The criminologist find that the correlation between the percent of the population that is male and per capita income is -0.053. Aside from the fact that neither slope coefficient is statistically significant, what other regression issue is MOST likely occurring in this model?

A. Multicollinearity
B. Homoskedasticity
C. Lagged variables
D. Heteroskedasticity

Answer: D

NEW QUESTION 128
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. all of the observations will fall between 83 and 98.
C. the sample mean falls between 83 and 98.
D. the true population mean falls between 83 and 98.

Answer: D

NEW QUESTION 129
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. =B18+(B17*37)
B. =B17+(B18*37)
C. =B17+(B18*37000)
D. =B18+(B17*37000)

Answer: B

NEW QUESTION 130
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. Quantity and price both decrease
B. Price increases
C. Quantity and price both increase
D. Price decreases

Answer: D

NEW QUESTION 131
A company's retained earnings on Dec. 31st, 2009 to 2013 is as follows:

On the pro-forma income statement for 2014, the net income is $10,000. The expected dividends to be paid in 2014 is $3,500. What is the projected retained earnings on Dec. 31st, 2014?

A. $35,000
B. $15,000
C. $31,500
D. $18,500

Answer: C

NEW QUESTION 132
A bank provided a $30,000 loan to fund a start-up. After six months, the new business paid
the loan off. How would the start-up record the latter transaction in its accounting books? (Ignore interest).

A. Debit: Cash (Assets); Credit: Notes payable (Liabilities)
B. Debit: Contributed Capital (Owners' Equity); Credit: Other payables (Liabilities)
C. Debit: Expenses (Owners' Equity); Credit: Cash (Assets)
D. Debit: Notes payable (Liabilities); Credit: Cash (Assets)

Answer: D

NEW QUESTION 133
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 of sneakers increases, and the equilibrium quantity of rubber decreases.
B. The equilibrium quantity of sneakers decreases, and the equilibrium quantity of rubber increases.
C. The equilibrium quantity for both products decreases.
D. The equilibrium quantity for both products remains the same.

Answer: C

NEW QUESTION 134
A professional football team is considering adding two more games to its season. Which of the following costs should team owners NOT consider when making this decision?

A. Hourly wages paid to security staff at games
B. Costs per each additional game
C. Maintenance costs
D. Annual rent paid for the stadium

Answer: D

NEW QUESTION 135
A grocery store has recently begun selling a new brand of milk for the same price as the brand of milk it already carries. After a few weeks, the grocery store finds that no one is buying the original brand of milk anymore. Which of the following scenarios could explain this situation?

A. The cross-price elasticity of demand for the new and old milk brands is negative.
B. The willingness to pay for the new milk brand is higher.
C. There are network effects in milk consumption.
D. The cost of producing the new milk brand is lower.

Answer: B

NEW QUESTION 136
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?