Latest [Dec 10, 2023] CORe Exam Questions – Valid CORe Dumps Pdf
CORe Practice Test Questions Answers Updated 265 Questions
NEW QUESTION # 136
The graph below reflects which of the following situations in the market for apples?
- A. New equipment decreases the costs of harvesting apples.
- B. A new disease kills apple trees.
- C. There is a shortage of apples.
- D. The government introduces a tax on oranges.
Answer: B
NEW QUESTION # 137
An individual has recently inherited an antique car and decides to sell it via an auction. When the seller brings the car to an auctioning service, the auctioneer asks if it should be sold via an English (open outcry) auction, a Vickrey (sealed second-price) auction, or a sealed first-price auction. Which type of auction will result in the highest sale price?
- A. An English auction
- B. All three auctions types result in the same sale price
- C. A Vickrey or an English auction, both of which will result in the same sale price
- D. A sealed first-price auction
Answer: B
NEW QUESTION # 138
A company manager commissions a report to study the relationship between sales volume (in thousands of units) and the number of computers in each of the company's offices. Based on the regression output, which of the following statements is correct?
Exhibit:
- A. There is a strong positive linear relationship between sales volume and number of computers in an office.
- B. When the number of computers in an office increases by 1, the average sales volume decreases by 410 units.
- C. When the number of computers in an office increases by 1, the average sales volume increases roughly by 155,000 units.
- D. Less than 3 percent of the variability of sales volume is explained by the number of computers in an office.
Answer: D
NEW QUESTION # 139
In determining free cash flows, how is the change in net working capital calculated?
- A. Receivables minus Payables (year projected) - Receivables minus Payables (previous year)
- B. Current Assets minus Current Liabilities (year projected) - Current Assets minus Current Liabilities (previous year)
- C. Current Assets (previous year) - Current Assets (year projected)
- D. Ending balance of cash (previous year) - Ending balance of cash (year projected)
Answer: B
NEW QUESTION # 140
A technology company normally sees increased revenues for its cell phones when it raises
prices. However, when the company released an updated version of the phone and charged a higher price, revenues fell. What MOST likely happened to the cell phone market?
- A. The price of land line phones increased significantly.
- B. The price for cell phone plans decreased.
- C. There was an increase in the number of substitute phones.
- D. Profits earned by the company's suppliers rose.
Answer: C
NEW QUESTION # 141
The data below is a sampling of the percentage of smokers in a country's population.
Suppose an additional country were added to the data with a smoking rate of 22.5%.
How would the mean and median be affected?
- A. Both the mean and median would increase.
- B. Both the mean and median would decrease.
- C. The mean and median would remain the same.
- D. The mean would decrease and the median would increase.
Answer: D
NEW QUESTION # 142
Which of the following options is presented in the above accounting journal entry?
- A. Sale of goods at cost
- B. Capitalization of inventory
- C. Sale of goods on account
- D. Sale of fixed assets on credit
Answer: C
NEW QUESTION # 143
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 decreases.
- B. The equilibrium quantity for both products remains the same.
- C. The equilibrium quantity of sneakers increases, and the equilibrium quantity of rubber decreases.
- D. The equilibrium quantity of sneakers decreases, and the equilibrium quantity of rubber increases.
Answer: A
NEW QUESTION # 144
Why are ratios important when comparing different companies within the same industry?
- A. They reflect macroeconomic factors.
- B. They are useful for assessing the stage of the industry.
- C. They eliminate the effect of size differences among the different companies.
- D. Accounting policies might be different between companies.
Answer: C
NEW QUESTION # 145
A serious drought has created a shortage of food across the country. In an attempt to maximize profits, one grocery store decided to auction off its limited supply of food. Which of the following scenarios is the MOST likely to occur in this situation?
- A. The consumers with the lowest opportunity cost of time would receive food.
- B. The consumers with the highest willingness to pay would receive food.
- C. The magnitude of the food shortage would increase.
- D. The willingness to pay for food would rise.
Answer: B
NEW QUESTION # 146
Which of the following businesses is LEAST likely to locate its stores close to its competitors' stores?
- A. An ice cream chain which has built strong customer loyalty due to its distinctive flavors
- B. A home goods store which frequently offers sales
- C. A boutique clothing store which sells expensive but high-quality apparel
- D. A car dealership which sells a different brand of car than its nearby competitors
Answer: B
NEW QUESTION # 147
Managers of a milk processing company have hired an ad agency that proposed an advertising campaign to encourage the consumption of milk. Some managers are concerned that the advertisements do not promote the company itself. Under what circumstances would it be beneficial for the firm to adopt the campaign?
- A. The firm faces many strong competitors.
- B. The firm has a large market share.
- C. The firm is currently losing money.
- D. There is significant product differentiation in the milk industry.
Answer: B
NEW QUESTION # 148
Which of the following options would MOST likely be considered a variable cost?
- A. A license to serve alcohol for a new restaurant
- B. The loan payment for a new machine at a manufacturing company
- C. The monthly salary of a manager at a telecommunications company
- D. The hourly wage of a student mowing lawns for a landscaping company
Answer: D
NEW QUESTION # 149
A student wants to analyze the relationship between the percentage of the population in a given city with some college experience and the newspaper circulation in that city. College experience is defined as the percentage of adults in the city that have completed high school and taken some classes at the college level. The appropriate data were collected and a regression analysis was performed, the results of which are displayed below.
Assuming a 5% significance level, what can be said about the relationship between newspaper circulation and the percent of the population with some college experience?
- A. The student should reject the null hypothesis: there is not enough evidence to conclude that there is a significant relationship between the percent of the population with some college experience and newspaper circulation.
- B. The student should not reject the null hypothesis: there is not enough evidence to conclude that there is a significant relationship between the percent of the population with some college experience and newspaper circulation.
- C. The student should reject the null hypothesis: there is enough evidence to conclude that there is a significant relationship between the percent of the population with some college experience and newspaper circulation.
- D. The student should not reject the null hypothesis: there is enough evidence to conclude that there is a significant relationship between the percent of the population with some college experience and newspaper circulation.
Answer: B
NEW QUESTION # 150
What is the set of accounting standards most commonly used by companies outside the US?
- A. Global Financial Accounting Standards (GFAS)
- B. International Financial Reporting Standards (IFRS)
- C. US Generally Accepted Accounting Principles (US GAAP)
- D. Convergence of International Financial Reporting Standards (IFRS) and US Global Financial Accounting Standards (US GFAS)
Answer: B
NEW QUESTION # 151
Which of the following options is an example of a liability?
- A. A bond purchased at a premium
- B. Outstanding preferred stock
- C. The private mortgage of a CFO
- D. Payment received in advance from a customer
Answer: D
NEW QUESTION # 152
Company A has a Weighted Average Cost of Capital (WACC) of 12 percent. They are evaluating four different projects/investments with financial flows as described below. Available funds are limited, so they can only pursue one of the investment alternatives. Each project/investment involves an initial outflow of $1,000,000 and has an eight year life.
Which project should they select?
- A. Project 3
- B. Project 1
- C. Project 4
- D. Project 2
Answer: C
NEW QUESTION # 153
Managers at a fast food chain that employs mostly minimum wage workers learn that a new law may increase the minimum wage in the United States by 25 percent. Assuming demand for labor is NOT perfectly elastic, how will this affect the market outcome?
- A. As more people will be willing to work for the higher wage, the fast food chain's output will increase.
- B. At any market price, fast food restaurants will be willing to supply less food.
- C. Price and quantity of fast food will not change, but the fast food chain will capture more value.
- D. Demand for fast food will increase, offsetting the change in price due to decreased supply.
Answer: B
Explanation:
Topic 3, Financial Accounting
NEW QUESTION # 154
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