Online Access Free HBX.CORe.v2024-07-31.q91 Practice Test (Page 3)

CORe Exam Question 6

Which of the following transactions is presented in the above journal entry?

A.A sale on credit of fixed assets at a gain

B.A sale of fix assets with a loss

C.A change of depreciation method during the year

D.An extraordinary disposal of machinery paid in kind

CORe Exam Question 7

A study was conducted to examine the effect of age, education level, number of minor legal offences, and daily alcohol consumption on annual income.

Which of the following hypothesis tests is NOT conducted in the multiple linear regression output table?

A.A hypothesis test for the significance of education level on annual income, provided that age, number of minor legal offenses, and daily alcohol consumption remain constant

B.A hypothesis test for the significance of age on annual income, provided that education level, number of minor legal offenses, and daily alcohol consumption remain constant

C.A hypothesis test for the significance of all four independent variables on annual income

D.A hypothesis test for the significance of annual income on the four independent variables

CORe Exam Question 8

A local tourism board wants the city government to set a maximum price that taxis can charge, in order to make the city more attractive to tourists. What might be a result of this price cap?

A.The quality of taxis will improve.

B.Local residents will begin to use taxis more frequently.

C.Total welfare (consumer surplus + producer surplus) will increase.

D.The number of taxis will decrease.

CORe Exam Question 9

A government is considering issuing a fixed number of permits allowing firms to pollute. When would this system fail to reduce pollution?

A.When the price for a unit of pollution is too high

B.When the system is applied to all industries

C.During an economic expansion

D.If the government issued too many pollution permits

CORe Exam Question 10

Which of the following activities will cause assets and owner's equity to decrease?

A.Sell used plant equipment and realize a gain

B.Pay off the principal and interest of a long-term debt

C.Repurchase common shares for cash

D.Declare dividends on outstanding shares

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CORe Exam Question 6

CORe Exam Question 7

CORe Exam Question 8

CORe Exam Question 9

CORe Exam Question 10

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