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HBX CORe is an online business fundamentals program offered by Harvard Business School (HBS) that is designed to provide a comprehensive introduction to business concepts and practices. The program consists of three courses: Business Analytics, Economics for Managers, and Financial Accounting. Together, these courses provide a strong foundation in the essential skills needed for success in the business world.
NEW QUESTION # 75
A student is deciding whether to attend a two-year graduate school program. The tuition is $12,500 per year and the cost of books and supplies is an additional $1,000 per year. The studentcould work instead of going to graduate school and earn $50,000 per year. What is the economic cost of attending graduate school for the student?
- A. $127,000
- B. $73,000
- C. $27,000
- D. $63,500
Answer: A
NEW QUESTION # 76
If an analyst looks at a start-up's statement of cash flows for the past three years, it is MOST likely that the analyst will find:
- A. a large positive financing cash flow, because the start-up has been funded by investors or other third parties.
- B. a positive investing cash flow, because the start-up has just enough equipment to operate.
- C. a significant positive operating cash flow because of the effect of depreciation.
- D. a significant positive operating cash flow, because the start-up may achieve a large market share.
Answer: A
NEW QUESTION # 77
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. Lagged variables
- B. Homoskedasticity
- C. Heteroskedasticity
- D. Multicollinearity
Answer: C
NEW QUESTION # 78
The owner of a small bakery is interested in forecasting the bakery's total sales for a certain date. The owner believes that sales on a given day are influenced by the day's highest temperature (in degrees F) and whether the day falls on a weekend (Saturday or Sunday). A random sample of 60 days is taken from November 2013 to May 2014; the regression results are given below. If the high temperature for tomorrow, a Thursday, is forecasted to be 60 degrees F, what does the model predict the total sales will be?
Note that the weekend dummy variable takes a value of one for Saturday and Sunday and zero otherwise.
- A. $1,271.27
- B. $500.41
- C. $2,042.13
- D. $1,571.27
Answer: A
NEW QUESTION # 79
Which of the following options is an example of an expense?
- A. Consumption of $500 of electricity for the head office building
- B. Purchase of $10,000 of fabric to be used by a clothing manufacturer
- C. Payment of $6,000 for vehicle insurance covering the next year
- D. Purchase of a new vehicle for $30,000 by a delivery company
Answer: A
NEW QUESTION # 80
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 A is able to charge higher prices for its dishes than Restaurant
- B. Restaurant A is currently earning 0 profits.
- C. Restaurant A fears that changing its menu will increase competition and erode profits.
- D. Restaurant B is operating at its minimum efficient scale.
Answer: B
NEW QUESTION # 81
Why would an entrepreneur want to operate a mobile food truck instead of a restaurant?
- A. In the long-run restaurants make zero economic profit.
- B. A mobile food truck has lower fixed costs than a restaurant.
- C. In the short-run restaurants make zero economic profit.
- D. A mobile food truck invites a wider variety of customers than a restaurant.
Answer: B
NEW QUESTION # 82
A mutual fund manager believes that a new research method will provide better returns for clients. The manager's historical monthly return prior to the new research method was 0.46%. After the manager began using the new method the monthly return was 0.57%. After running a hypothesis test, the manager saw that the one sided p-value was 0.029. Assuming a 95% confidence level, which of the conclusions below would be correct?
- A. Reject the null hypothesis and continue using the new method.
- B. Do not reject the null hypothesis and begin using the old method.
- C. Do not reject the null hypothesis and continue using the new method.
- D. Reject the null hypothesis and begin using the old method.
Answer: A
NEW QUESTION # 83
During 2013, a company's prepaid expense decreased by $40,000, while its unearned revenue increased by $60,000. The company reported a pretax income under accrual basis of $250,000 on its 2013 income statement. What is the company's pretax income under
cash basis of 2013?
- A. $270,000
- B. $230,000
- C. $150,000
- D. $350,000
Answer: D
NEW QUESTION # 84
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. Total costs will fall by 10 percent.
- D. Average cost per flight will increase.
Answer: D
NEW QUESTION # 85
In which situation would it be appropriate to use time-series data?
- A. To relate unemployment rates in various countries
- B. To study changes in the unemployment rate
- C. To compare unemployment rates for various education levels
- D. To analyze the unemployment rate for different age groups
Answer: B
NEW QUESTION # 86
A company bought a piece of land in 2012 for $200,000. In 2013, the piece of land temporarily reduced in value to $150,000 but then appreciated in value to $220,000. How would the company report this piece of land on its balance sheet for 2013?
- A. $220,000
- B. $150,000
- C. $200,000
- D. $185,000
Answer: C
NEW QUESTION # 87
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, 2.3, 1000)
- C. -1.2 +- CONFIDENCE.NORM(0.025, 3.5, 1000)
- D. -1.2 +- CONFIDENCE.NORM(0.05, 3.5, 1000)
Answer: D
NEW QUESTION # 88
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: <14% H 14%
- B. Ho: 14% HA. <14%
- C. Ho: <18% HA. 18%
- D. Ho: 18% HA. <18%
Answer: D
NEW QUESTION # 89
An individual is considering whether to fly or take the train for an upcoming trip. This individual works remotely for $10/hour, but will not be able to work while on the airplane or train. The flight would take two hours and cost $125; the train would take eight hours and cost $50. What are the respective total economic costs of taking the flight and taking the train?
- A. $20 and $80
- B. $125 and $50
- C. $75 and $175
- D. $145 and $130
Answer: D
NEW QUESTION # 90
Which of the following measures can reduce multicollinearity in multiple regression? (Select all that apply.)
- A. Decrease the sample size
- B. Remove the intercept
- C. Remove one of the collinear variables
- D. Increase the sample size
- E. Change the units of one of the independent variables
Answer: C,D
NEW QUESTION # 91
In determining free cash flows, how is the change in net working capital calculated?
- A. Current Assets (previous year) - Current Assets (year projected)
- B. Ending balance of cash (previous year) - Ending balance of cash (year projected)
- C. Receivables minus Payables (year projected) - Receivables minus Payables (previous year)
- D. Current Assets minus Current Liabilities (year projected) - Current Assets minus Current Liabilities (previous year)
Answer: D
NEW QUESTION # 92
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HBX CORe certification exam is a final examination that tests the knowledge and skills of students who have completed the HBX CORe program. The HBX CORe program is an online program that teaches students the fundamentals of business, including accounting, economics, and statistics. The program is designed for students who are interested in pursuing a career in business, but who do not have a formal business education.
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