Use Real CORe - 100% Cover Real Exam Questions [Oct-2021]
Dumps Brief Outline Of The CORe Exam - Exams4Collection
NEW QUESTION 154
A producer of high-end watches has a willingness to sell of $1,000. After a recession occurs, willingness to pay (WTP) for high-end watches drops to $900. What could the watch producer do to raise WTP for its good? (Select all that apply.)
- A. Lower the price for the watch
- B. Design a new watch based on watches sold by competitors
- C. Advertise in a high-end department store's catalog
- D. Raise the price for the watch
- E. Add a new feature to the watch
Answer: C,E
NEW QUESTION 155
Which of the following graphs shows a negative relationship between the two variables?
A)
B)
C)
D)
- A. Option A
- B. Option D
- C. Option B
- D. Option C
Answer: A
NEW QUESTION 156
Most patients who need organ transplants rely on donors, as the buying and selling of organs is illegal. If a country legalized the buying and selling of organs, what would be the result?
- A. There would be a decline in total welfare in the country.
- B. There would be a shorter waiting time for organ transplants.
- C. Fewer organ transplants would be available.
- D. Only wealthy citizens of the country would be better off.
Answer: B
NEW QUESTION 157
An individual has an extremely rare item and intends to sell it via an English (open outcry) auction. In which situation should the seller forgo the auction and sell the item for a fixed price?
- A. The seller knows that consumers' willingness to pay varies between $500 and $1,000 and knows that at least three consumers are willing to pay above $950.
- B. The seller has no information about consumers' willingness to pay.
- C. The seller knows that consumers' willingness to pay varies between $500 and $1,000 and knows that only one consumer is willing to pay above $900.
- D. The seller knows that consumers' willingness to pay varies between $1,000 and $5,000.
Answer: C
NEW QUESTION 158
A student gathers information and performs a regression analysis comparing a person's undergraduate GPA to that person's starting salary after college graduation.
Based on this regression, what would a student with a GPA of 3.67 expect to earn on average upon college graduation?
- A. $17,124.95
- B. $50,351.10
- C. $29,622.42
- D. $45,670.40
Answer: B
NEW QUESTION 159
Company B has the following summarized Statement of Cash Flows for the year. Company B is MOST likely in what stage of the business life-cycle?
- A. Mature - no growth
- B. Profitable - moderate growth
- C. Declining - shrinking
- D. Start-up - fast growing
Answer: B
NEW QUESTION 160
The management of a company is evaluating a potential capital expenditure. They are
using a discount rate of eight percent. They decide to see what the impact would be of changing the discount rate to 10 percent. Which of the following measurements would change?
- A. Net present value
- B. Pay back period
- C. Internal rate of return
- D. Return on Investment (ROI)
Answer: A
NEW QUESTION 161
Topic 1, Business Analytic
Exhibit:
Based on the scatterplot below, which of the following correlation coefficients BEST describes the relationship between undergraduate GPA and beginning annual salary?
- A. -0.9
- B. -0.2
- C. 0.9
- D. 0.2
Answer: C
NEW QUESTION 162
On a balance sheet, assets are arranged in the order of:
- A. Profitability
- B. Materiality
- C. Stability
- D. Liquidity
Answer: D
NEW QUESTION 163
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 significant positive operating cash flow because of the effect of depreciation.
- B. a large positive financing cash flow, because the start-up has been funded by investors or other third parties.
- C. a positive investing cash flow, because the start-up has just enough equipment to operate.
- D. a significant positive operating cash flow, because the start-up may achieve a large market share.
Answer: B
NEW QUESTION 164
Company A is a large passenger airline. As part of their annual internal budget process they do a sensitivity analysis of their revenue forecast over their existing routes and schedules. The analysis evaluates the impact of a three percent decline in passenger revenue compared to a three percent increase. Which of the following expenses would show the largest change in the analysis?
- A. Salary expenses for flight crew
- B. Aircraft maintenance expense
- C. Depreciation and amortization expense
- D. Income tax expense
Answer: D
NEW QUESTION 165
Which of the following activities will NOT cause net cash provided by investing activities to increase under US Generally Accepted Accounting Principles (GAAP)?
- A. Selling fixed assets to another party for cash
- B. Collecting cash as principal from loans made to others
- C. Selling short-term investments for cash
- D. Receiving interest on loans made
Answer: D
NEW QUESTION 166
A new technological improvement is invented for the production of coffee. At the same time, the price of tea (a substitute for coffee) decreases, and the price of sugar (a complement to both coffee and tea) increases. What is the known result for the new equilibrium for coffee?
- A. Price increases
- B. Quantity and price both decrease
- C. Price decreases
- D. Quantity and price both increase
Answer: C
NEW QUESTION 167
A company reported income before taxes of $800,000 for Year 2. The company did not have temporary taxable differences at the end of Year 1 but reported a net deferred tax asset of $6,000 for Year 2. The effective income tax rate is 30 percent. What amount should the company pay as income tax for Year 2?
- A. $246,000
- B. $240,000
- C. $241,800
- D. $234,000
Answer: A
NEW QUESTION 168
A shop owner wants to determine the effect of a new marketing strategy on the number of customers visiting the shop. What information should the shop owner consider when deciding whether to conduct a one-sided or two-sided hypothesis testing?
- A. The calculated one-sided and two-sided p-values
- B. The objective of the hypothesis test
- C. Analysis of the actual samples collected
- D. The significance level
Answer: B
NEW QUESTION 169
A company's retained earnings on Dec. 31st, 2009 to 2013 is as follows:
On the pro-forma income statement for 2014, the net income is $10,000. The expected dividends to be paid in 2014 is $3,500. What is the projected retained earnings on Dec. 31st, 2014?
- A. $35,000
- B. $31,500
- C. $18,500
- D. $15,000
Answer: B
NEW QUESTION 170
A chain of coffee stores recently released a new product priced at $3.00. After a few weeks of sales data, management noticed that the new product sold out in a majority of its stores. Which of the following strategies should management use to determine an ideal price?
- A. Adjust the price for the product until it no longer sells out anywhere
- B. Survey customers who recently purchased the product
- C. Gradually increase the price until profits begin to fall
- D. Maintain current prices and increase supply of the product
Answer: C
NEW QUESTION 171
Although they may vary, cash flows from financing activities in a mature company are usually:
- A. negative, because companies may receive enough funds fromoperations to cover investments
- B. positive, because companies may require funds to maintain research and development (R&D) activities
- C. negative, because companies maybe paying their main suppliers
- D. positive, because there is no need to fund growth
Answer: A
NEW QUESTION 172
Company A is projecting a 10 percent increase in revenue for the next quarter with no significant changes to their operations. Which of the following accounting elements is the LEAST likely to mirror that increase?
- A. Inventory
- B. Accounts receivable
- C. Capital expenditures
- D. Cost of goods sold
Answer: C
NEW QUESTION 173
Many people argue that giving patents for medicines is unfair, because it prevents many people from accessing the products they need to live a healthy life. Why do governments allow patents for medicines?
- A. Governments hope to earn tax revenues on monopoly profits.
- B. Patents increase consumers' willingness to pay for medicines.
- C. Patents help promote innovation through easier recovery of fixed costs.
- D. Patents protect consumers from counterfeit medicines.
Answer: C
NEW QUESTION 174
A company had the following trial balance on Dec. 31, 2013:
What is the company's net income for 2013?
- A. $95,000
- B. $170,000
- C. $45,000
- D. $120,000
Answer: A
NEW QUESTION 175
Which of the following options represent implicit transactions? (Select all that apply.)
- A. The recognition of revenue over time related to payment received in advance for a multiyear contract
- B. Recording a loss on the sale of a piece of plant equipment
- C. Interest expense accrued at the end of the fiscal year
- D. The repurchase of shares of the company's stock
- E. An inter-company sale of goods under a short term agreement
Answer: A,C
NEW QUESTION 176
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