[2021] Free CORe Exam Dumps to Pass Exam Easily
CORe Exam Dumps, CORe Practice Test Questions
What is the duration, language, and format of the HBX CORe Exam
Language: English
Passing score: 70%
Length of Examination: 120 minutes
Number of Questions: 60
Type of Questions: Single and Multiple Choice.
NEW QUESTION 30
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 producers.
- C. The government should levy the tax on cigarette consumers.
- D. The tax will have the same impact whether it is levied on consumers or producers.
Answer: D
NEW QUESTION 31
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. The consumers most affected by the recession are generally those with lower willingness to pay.
- B. Demand for hotel rooms in this location is extremely elastic.
- C. Closing the location will allow the hotel chain to recover some of its sunk costs.
- D. Fixed costs are too high for the hotel to remain profitable at this decreased quantity.
Answer: D
NEW QUESTION 32
A city concerned about its youth unemployment rate decided to offer a new vocational training program in the hopes of decreasing youth unemployment. Before the program began, the youth unemployment rate was 18%. Four years after the program began, the rate had fallen to 14%.
What is the correct null and alternative hypothesis pair for this situation?
- A. Ho: <18% HA. 18%
- B. Ho: <14% H 14%
- C. Ho: 14% HA. <14%
- D. Ho: 18% HA. <18%
Answer: D
NEW QUESTION 33
For valuation purposes, the opportunity cost and inflation are two main concepts that explain the:
- A. Riskiness of a project
- B. Economic value added
- C. Real rates of interest
- D. Time value of money
Answer: D
NEW QUESTION 34
A company paid $150,000 of income tax for 2013. During the year, the company recognized $80,000 of interest revenue from municipal bonds. Income from municipal bonds are tax exempt. The company's net deferred tax assets increased from $45,000 to $75,000. The income tax rate is 30 percent. What is the amount the company should report as its pretax accounting income for 2013?
- A. $320,000
- B. $480,000
- C. $520,000
- D. $680,000
Answer: B
NEW QUESTION 35
On a balance sheet, assets are arranged in the order of:
- A. Materiality
- B. Profitability
- C. Liquidity
- D. Stability
Answer: C
NEW QUESTION 36
A company wants to sell an extremely rare antique. The company does not know how highly consumers value the antique, but it knows that any single consumer's value will rise if the consumer believes other people have a high value for the antique. How should the company sell the item to maximize its price?
- A. Conduct a sealed first-price auction
- B. Conduct an English (open outcry) auction
- C. Conduct either a Vickrey (sealed second-price) auction or a sealed first-price auction
- D. Conduct a Vickrey (sealed second-price) auction
Answer: B
NEW QUESTION 37
Two competing companies sell very similar products that are manufactured in plants located near each other in the United States. Company A values inventory using last-in, first-out (LIFO) and uses accelerated depreciation for plant assets. Company B values inventory using first-in, first-out (FIFO) and uses straight-line depreciation. From this information, what conclusions can an analyst draw about the gross margin reported for the two companies?
- A. The gross margin would be higher for Company B.
- B. The gross margin would be similar for both companies.
- C. The gross margin would be higher for Company A.
- D. The analyst cannot draw conclusions from this information.
Answer: D
NEW QUESTION 38
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. Airlines
- B. Auto mechanics
- C. Public transportation
- D. Oil suppliers
Answer: A
NEW QUESTION 39
Which of the following statements is NOT true regarding Company A? Exhibit:
- A. The solvency of Company A increased in 2013.
- B. The profitability of Company A increased in 2013.
- C. The efficiency in collecting receivables of Company A increased in 2013.
- D. The efficiency in using inventory of Company A increased in 2013.
Answer: D
NEW QUESTION 40
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. 14.55
- B. 64.60
- C. 18.95
- D. 52.45
Answer: D
NEW QUESTION 41
The graph below reflects which of the following situations in the market for apples?
- A. A new disease kills apple trees.
- B. New equipment decreases the costs of harvesting apples.
- C. There is a shortage of apples.
- D. The government introduces a tax on oranges.
Answer: A
NEW QUESTION 42
Deferred Taxes can be which of the following account types? (Select all that apply.)
- A. Revenue
- B. Asset
- C. Expense
- D. Owner's Equity
- E. Liability
Answer: B,E
NEW QUESTION 43
When forecasting monthly cash flows, which of the following businesses would be MOST impacted by seasonality?
- A. Eyeglasses store
- B. Law firm
- C. Hardware store
- D. Toy store
Answer: D
NEW QUESTION 44
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 $36,000
- B. liability of $120,000
- C. asset of $36,000
- D. asset of $120,000
Answer: A
NEW QUESTION 45
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