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NEW QUESTION # 30
Which of the following options is the measure of how long it takes from the time a business has to pay for inventory from a supplier until it collects cash from the customer from a sale?
- A. Days payable outstanding
- B. Cash efficiency
- C. Cash conversion cycle
- D. Working capital
Answer: C
NEW QUESTION # 31
When forecasting monthly cash flows, which of the following businesses would be MOST impacted by seasonality?
- A. Law firm
- B. Eyeglasses store
- C. Toy store
- D. Hardware store
Answer: C
NEW QUESTION # 32
Government regulators in a country announce costly new safety regulations for an industry. These new regulations are welcomed by all the companies in the industry. Why might these companies want this added cost?
- A. The new regulations are a fixed cost and will decrease the marginal cost of each unit.
- B. The new regulations will limit competition by discouraging future entrants.
- C. The increased costs will allow companies to raise prices on their products.
- D. The new regulations will help differentiate the industry as a whole.
Answer: B
NEW QUESTION # 33
Which of the following options is an example of a biased question? (Select all that apply.)
- A. Should Congress increase the federal minimum wage?
- B. Should the federal minimum wage be increased even though it would cost private businesses billions of dollars?
- C. Would it be better to replace the federal minimum wage with a living wage?
- D. Should the federal minimum wage be changed?
- E. What should the federal minimum wage be?
Answer: B,C
NEW QUESTION # 34
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: C
NEW QUESTION # 35
A technology and design company has created a new type of keyboard with different letter placement to make typing easier and more efficient. This new design is also cheaper to manufacture, and the company is able to price the keyboard lower than its competitors. However, sales have been extremely low. What is the MOST likely explanation?
- A. Consumers have strong loyalty to existing keyboard manufacturers.
- B. Consumers' demand for keyboards is relatively inelastic.
- C. Consumers find it difficult to switch keyboards once they have learned to type.
- D. Consumers do not understand the company's differentiation strategy.
Answer: C
NEW QUESTION # 36
A stockbroker wishes to examine the relationship between merger failures and stock prices. For 30 days, data were collected for closing stock prices each day and the number of merger failures announced that day. After reviewing the data, the stockbroker believes that merger failures affect stock market prices for more than one day. Which of the following measures would help the stockbroker incorporate that effect into the regression model?
- A. Introduce a variable that is collinear with number of news reports on merger failure
- B. Include lagged variables
- C. Include other independent variables, such as the number of news reports on dividend released each day
- D. Include dummy variables
Answer: B
NEW QUESTION # 37
A student wants to know the probability of getting a value less than -0.76 in a standard normal distribution (=0, =1). The student finds that the area under the curve to the left of positive 0.76 is 0.7764. What is the probability of getting a value less than -0.76?
- A. 27.64%
- B. 22.36%
- C. 77.64%
- D. 76.00%
Answer: B
NEW QUESTION # 38
What is the main difference between the US Generally Accepted Accounting Principles (US GAAP) and the International Financial Reporting Standards (IFRS)?
- A. IFRS provides fewer accounting choices to companies compared to US GAAP.
- B. IFRS is used globally and follows a principles-based approach.
- C. US GAAP follows a principles-based approach.
- D. IFRS is based on a rules-based approach.
Answer: B
NEW QUESTION # 39
A ski coach is interested in estimating the 68% confidence interval around the mean time (in seconds) of all the gold medal winners in Olympic downhill skiing. The coach collects the data, presented below, for all of the winners from 1948 to 2014. The mean of the sample is 122.5 seconds, with a standard deviation of 23 seconds. Which Excel function below is the BEST option for determining the 68% confidence interval?
Please note that the Excel functions for confidence intervals are =CONFIDENCE.NORM(alpha, standard_dev, size) and =CONFIDENCE.T(alpha, standard_dev, size).
- A. = 122.5 +- CONFIDENCE.T(0.32,23,18)
- B. = 122.5 +- CONFIDENCE.NORM(0.32,23,18)
- C. = 122.5 +- CONFIDENCE.T(0.68,23,18)
- D. = 122.5 +- CONFIDENCE.NORM(0.68,23,18)
Answer: A
NEW QUESTION # 40
A bank provided a $30,000 loan to fund a start-up. After six months, the new business paid
the loan off. How would the start-up record the latter transaction in its accounting books? (Ignore interest).
- A. Debit: Cash (Assets); Credit: Notes payable (Liabilities)
- B. Debit: Notes payable (Liabilities); Credit: Cash (Assets)
- C. Debit: Expenses (Owners' Equity); Credit: Cash (Assets)
- D. Debit: Contributed Capital (Owners' Equity); Credit: Other payables (Liabilities)
Answer: B
NEW QUESTION # 41
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. Price decreases
- C. Quantity and price both decrease
- D. Quantity and price both increase
Answer: B
NEW QUESTION # 42
A regulatory agency decides to enforce a price ceiling equal to marginal cost for a local utility provider which acts as a monopoly. Which of the following observations is true?
- A. The government might have to pay the firm a subsidy to prevent it from exiting the industry.
- B. The demand curve will shift outward.
- C. The price will be exactly the same as it would be without regulation.
- D. New utility companies will be incentivized to enter the industry.
Answer: A
NEW QUESTION # 43
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. Heteroskedasticity
- B. Lagged variables
- C. Homoskedasticity
- D. Multicollinearity
Answer: A
NEW QUESTION # 44
An individual has relocated to a new city for a job and is looking for an apartment. Apartments in this city tend to be low in price but are often in disrepair and lack extra amenities. For each new apartment that comes on the market, there are dozens of people who wish to rent it. What could explain these conditions?
- A. The city has become popular and more people are moving there.
- B. There is a price ceiling on apartment rental prices.
- C. Landlords are maximizing profits.
- D. The city is experiencing an economic recession.
Answer: B
NEW QUESTION # 45
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HBX CORe (Credential of Readiness) program is an online program offered by Harvard Business School that provides a comprehensive introduction to business fundamentals. The program is designed for individuals who are interested in pursuing a career in business or enhancing their business knowledge. The program consists of three courses: Business Analytics, Economics for Managers, and Financial Accounting. After completing the program, participants receive a certificate of completion from Harvard Business School.
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