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HBX CORe Final Examination Sample Questions (Q101-Q106):

NEW QUESTION # 101
A recent recession greatly reduced income for many people. Which of the following goods likely saw the greatest reduction in willingness to pay (WTP)? (Select all that apply.)

• A. Clothing
• B. Computers
• C. Charitable donations
• D. Vacations
• E. Healthcare

Answer: C,D
NEW QUESTION # 102
On a balance sheet, assets are arranged in the order of:

• A. Stability
• B. Profitability
• C. Materiality
• D. Liquidity

Answer: D
NEW QUESTION # 103
In Dec. of 2013, a company signed a promissory note and recorded a note payable of $150,000. This note is payable in three equal annual installments beginning from Dec. of 2014. How should the company report the note payable on its Dec. 31, 2013 balance sheet?

• A. $50,000 in noncurrent liability and $100,000 in current liability
• B. $150,000 in noncurrent liability
• C. $150,000 in current liability
• D. $50,000 in current liability and $100,000 in noncurrent liability

Answer: D
NEW QUESTION # 104
A student suspects that this January has been much colder than in years past. The student decides to test this belief by looking at the daily mean temperatures for that month. The historical mean daily temperature for January was 29(O)F. The student's data show that the average daily mean temperature for this January was 27(O)F. Based on the student's theory and the information above, what is the correct alternative hypothesis?

• A. H u>29
• B. HA. u<27
• C. HA. u>27
• D. HA. u<29

Answer: D
NEW QUESTION # 105
Accounting standards establish that companies should depreciate a long-lived physical asset, because:

• A. Not all assets are paid in cash at the time they are purchased.
• B. It is an explicit transaction beyond the current period.
• C. Assets lose value in the long term.
• D. Costs should be matched with the benefits that are realized over multiple periods.

Answer: D
NEW QUESTION # 106
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