Valid CORe Exam Q&A PDF CORe Dump is Ready (Updated 265 Questions)
Exam Questions and Answers for CORe Study Guide
NEW QUESTION 55
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. all of the observations will fall between 83 and 98.
- B. the sample mean of 90.5 equals the true population mean.
- C. the sample mean falls between 83 and 98.
- D. the true population mean falls between 83 and 98.
Answer: D
NEW QUESTION 56
Which of the following situations is an example of materiality in accounting?
- A. Company A receives an order from its largest customer, but it is a relatively small order. Company A does not make any entry into the accounts at the time it receives the order.
- B. Company A wants to purchase $100,000 worth of fabric to use in its upholstery business. However, the supplier will not grant credit for a purchase that large, so Company A reduces the order to $20,000.
- C. Company A initiates a relatively small new advertising campaign. Company A decides to include these costs as part of selling, general, and administrative expenses on the income statement rather than disclose them separately.
- D. Company A owns land that it purchased for $100,000 twenty years ago. The land is now appraised at $250,000, but Company A does not adjust the value of the land in its accounts.
Answer: C
NEW QUESTION 57
A chain of coffee stores recently released a new product priced at $3.00. After a few weeks of sales data, management noticed that the new product sold out in a majority of its stores. Which of the following strategies should management use to determine an ideal price?
- A. Adjust the price for the product until it no longer sells out anywhere
- B. Survey customers who recently purchased the product
- C. Gradually increase the price until profits begin to fall
- D. Maintain current prices and increase supply of the product
Answer: C
NEW QUESTION 58
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. Heteroskedasticity
- B. Lagged variables
- C. Homoskedasticity
- D. Multicollinearity
Answer: A
NEW QUESTION 59
When forecasting monthly cash flows, which of the following businesses would be MOST impacted by seasonality?
- A. Eyeglasses store
- B. Toy store
- C. Law firm
- D. Hardware store
Answer: B
NEW QUESTION 60
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. $80,000
- C. $29,000
- D. $30,000
Answer: D
NEW QUESTION 61
Which of the following formulas is used to calculate operating income on the income statement of a manufacturing company?
- A. Sales or revenue - operating expenses
- B. Revenue- operating expense - interest expense
- C. Gross profit - operating expenses
- D. Net income + ending balance of cash
Answer: C
NEW QUESTION 62
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. Civil aviation
- B. Commercial banking
- C. Pharmaceutical
- D. Retailing
Answer: B
NEW QUESTION 63
With normally distributed data, approximately 95% of all observations fall within how many standard deviations from the mean?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: C
NEW QUESTION 64
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 of fix assets with a loss
- D. A sale on credit of fixed assets at a gain
Answer: D
NEW QUESTION 65
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. Airlines
- C. Auto mechanics
- D. Oil suppliers
Answer: B
NEW QUESTION 66
A coal burning power plant in upstate New York has been the only provider of power in the region for many years. Recently, a plant that uses wind to create energy was built nearby. The wind plant produces less energy than the coal plant but at a lower cost. Will the coal plant be able to remain competitive in this new market environment?
- A. No, the coal plant will be forced to cut prices and operate at a loss.
- B. Yes, if the coal plant sells energy at a price below its marginal cost.
- C. Yes, if the coal plant's decreased output is still sufficient to recover costs.
- D. No, the coal plant's customers will switch to the wind powered plant.
Answer: C
NEW QUESTION 67
Which of the following measures can reduce multicollinearity in multiple regression? (Select all that apply.)
- A. Increase the sample size
- B. Decrease the sample size
- C. Remove the intercept
- D. Change the units of one of the independent variables
- E. Remove one of the collinear variables
Answer: A,E
NEW QUESTION 68
After some recent problems regarding the anti-lock brake systems in its cars, a major automobile company decides to take a random sample of 50 cars from its manufacturing plant. To make things easier, management decides to conduct the sampling from all cars produced on a particular day. Which of the options below represents the BEST way to take this sample?
- A. Have the plant manager select 50 cars, because the manager will be most informed about the manufacturing process.
- B. Test the first 50 cars manufactured that day to eliminate any bias in the selection process.
- C. Assign a random number to each car manufactured that day.Then identify the first 50 numbers in ascending order, and select the cars corresponding to those numbers.
- D. Create a focus group of managers from the plant to determine which cars should be selected for the sample.
Answer: C
NEW QUESTION 69
Two years ago, the purchasing manager at a company spent $25,000 on a new machine that would improve production efficiency at the company. The manufacturers of the machine release an updated model that costs $35,000 and that promises to further improve production efficiency. Under what conditions should the purchasing manager upgrade to the new model?
- A. If the efficiency improvements from the old machine did not result in enough savings to offset the $25,000 purchase price
- B. If the savings from the additional efficiency improvements are large enough to offset the $10,000 difference in price between the machines
- C. If the savings from the additional efficiency improvements are large enough to offset the $60,000 spent on machines
- D. If the savings from the additional efficiency improvements are large enough to offset the $35,000 cost of the new machine
Answer: D
NEW QUESTION 70
Which of the following options represent implicit transactions? (Select all that apply.)
- A. The recognition of revenue over time related to payment received in advance for a multiyear contract
- B. Recording a loss on the sale of a piece of plant equipment
- C. Interest expense accrued at the end of the fiscal year
- D. The repurchase of shares of the company's stock
- E. An inter-company sale of goods under a short term agreement
Answer: A,C
NEW QUESTION 71
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. 64.60
- B. 18.95
- C. 52.45
- D. 14.55
Answer: C
NEW QUESTION 72
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. Without a specified significance level, the p-value cannot be used as evidence to reject or accept the null hypothesis.
- B. The p-value shows that the probability the average score is more than 90 is 0.0477.
- C. The p-value is less than 0.05; hence, there is evidence to reject the null hypothesis.
- D. The p-value shows that the probability the average score is less than 90 is 0.0477.
Answer: A
NEW QUESTION 73
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, 3.5, 1000)
- C. -1.2 +- CONFIDENCE.NORM(0.025, 3.5, 1000)
- D. -1.2 +- CONFIDENCE.NORM(0.05, 2.3, 1000)
Answer: B
NEW QUESTION 74
Which of the following options is an example of an implicit transaction?
- A. A sales order from a customer for a product to be shipped in two weeks
- B. A depreciation expense for an asset placed in service eight months ago
- C. An invoice for an item of plant equipment that was just purchased
- D. An invoice for services provided by the pension fund administrator
Answer: B
NEW QUESTION 75
A new smartphone is being released at a price of $100. A customer with a willingness to pay (WTP) of $105 walks to the store, sees that there is a long line, and decides to leave. Another customer with a WTP of $113 arrives at the store at the same time and decides to wait in the line. What can an observer deduce from this observation?
- A. The second customer considers the cost of waiting in line to be $13.
- B. The second customer has a higher opportunity cost of time than the first.
- C. The first customer has a higher opportunity cost of time than the second.
- D. The first customer considers the cost of waiting in line to be more than $5.
Answer: D
NEW QUESTION 76
The following regression equation shows the relationship between the cost of homeowner's insurance and two variables: the home's distance from the waterfront (in miles) and the amount spent on the home's security system (in dollars).
Cost of Homeowner's Insurance = 3,000 - 300*(distance from waterfront) - 10*(amount spent on security systems)
Which of the statements below accurately describes this relationship?
- A. For each additional mile a house is from the waterfront, the cost of homeowner's insurance decreases by $300 on average.
- B. Provided the amount spent on security systems remains constant, for each additional mile a house is from the waterfront, the cost of homeowner's insurance decreases by $300 on average.
- C. As a house's distance from the waterfront increases by 300 miles, the amount spent on security systems decreases by $10 on average.
- D. Provided the distance from the waterfront remains constant, for each additional dollar spent on a security system, the cost of homeowner's insurance increases by $10 on average.
Answer: B
NEW QUESTION 77
In a small town, there are two Mexican restaurants. Restaurant A serves traditional dishes from Western Mexico while Restaurant B primarily serves Northern Mexican cuisine. Many more residents of the town are willing to buy the Northern cuisine than the Western cuisine. Which of the following reasons could NOT explain why Restaurant A continues to offer a different menu than that of its competitor?
- A. Restaurant B is operating at its minimum efficient scale.
- B. Restaurant A fears that changing its menu will increase competition and erode profits.
- C. Restaurant A is able to charge higher prices for its dishes than Restaurant
- D. Restaurant A is currently earning 0 profits.
Answer: D
NEW QUESTION 78
A regulatory agency decides to enforce a price ceiling equal to marginal cost for a local utility provider which acts as a monopoly. Which of the following observations is true?
- A. New utility companies will be incentivized to enter the industry.
- B. The demand curve will shift outward.
- C. The government might have to pay the firm a subsidy to prevent it from exiting the industry.
- D. The price will be exactly the same as it would be without regulation.
Answer: C
NEW QUESTION 79
......
Certification dumps - HBX Certification CORe guides - 100% valid: https://www.exam-killer.com/CORe-valid-questions.html
100% Pass Your CORe HBX CORe Final Examination at First Attempt with Exam-Killer: https://drive.google.com/open?id=1RgtBGFLpHGJhAryElgpcBwk7xiuq0AZ4
