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HBX CORe Final Examination Sample Questions (Q142-Q147):
NEW QUESTION # 142
A nutritional study is released that touts the benefits of eating cereal for breakfast. Concurrently, a new type of grain is invented that reduces the input costs in producing cereal. What will happen to the equilibrium price and the quantity consumed of bananas, a complement to breakfast cereal?
- A. The price of bananas will increase, and the quantity consumed will decrease.
- B. Both the price of bananas and the quantity consumed will decrease.
- C. The price and quantity consumed of bananas will not change.
- D. The quantity consumed of bananas will increase, and the effect on price cannot be determined.
Answer: D
NEW QUESTION # 143
Which of the following transactions is presented in the above journal entry?
- A. A change of depreciation method during the year
- B. A sale of fix assets with a loss
- C. A sale on credit of fixed assets at a gain
- D. An extraordinary disposal of machinery paid in kind
Answer: C
NEW QUESTION # 144
An individual interviews 15 people under the age of 40 and asks each for their age and salary. The resulting scatter plot is shown below.
Based on this graph, the correlation between age and salary appears to be approximately:
- A. -0.7
- B. 0.7
- C. 0.3
- D. -0.3
Answer: B
NEW QUESTION # 145
Which of the following graphs shows a negative relationship between the two variables?
A)
B)
C)
D)
- A. Option B
- B. Option D
- C. Option A
- D. Option C
Answer: C
NEW QUESTION # 146
A hurricane has recently destroyed a major oil supplier's oil rig located in the Gulf of Mexico. If price elasticity of demand for oil is 0, what effect would the hurricane have on the short-term market for oil?
- A. The oil producer would be willing to supply less oil at any price.
- B. Other oil producers would decrease their prices.
- C. New producers would enter the market to provide the oil that was lost.
- D. Consumers would reduce their oil consumption.
Answer: A
NEW QUESTION # 147
......
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