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The HBX CORe Final Examination is a comprehensive test that evaluates students' mastery of the program's CORe concepts. CORe exam consists of three sections that correspond to the three main areas of study covered in the program. The first section focuses on data analysis and interpretation, including topics such as probability, regression analysis, and hypothesis testing. The second section centers on microeconomic principles, such as market structures, pricing strategies, and game theory. The third section covers financial accounting topics, such as financial statements, cash flow, and ratio analysis.

To prepare for the final exam, students are provided with a variety of resources, including lectures, case studies, and practice exams. They are also encouraged to participate in online discussions with their peers and to seek guidance from their instructors. By utilizing these resources and putting in the necessary time and effort, students can feel confident and well-prepared when it comes time to take the final exam.

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The HBX CORe (Credential of Readiness) program is an online business fundamentals course designed to equip learners with the requisite skills to succeed in the world of business. The program covers three key areas: business analytics, economics for managers, and financial accounting. The curriculum is designed to be interactive, with a mix of video lectures, case studies, and interactive exercises. The program is offered by Harvard Business School's digital learning platform, HBX.

ISM Supply Management Core Exam Sample Questions (Q159-Q164):

NEW QUESTION # 159
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. $15,000
B. $18,500
C. $35,000
D. $31,500

Answer: D

NEW QUESTION # 160
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. Healthcare
B. Charitable donations
C. Clothing
D. Computers
E. Vacations

Answer: B,E

NEW QUESTION # 161
According to the Law of Agency, a supply manager acting as an agent makes decisions and acts in whose interest(s)?

A. The interests of the profession
B. The interest of the organization that employs him/her
C. His/her personal interest
D. The interests of the supplier which overlap with those of the buyer

Answer: B

Explanation:
The Law of Agency establishes the legal relationship where an agent (in this case, the supply manager) acts on behalf of a principal (the organization). The supply manager, as an agent, has a fiduciary duty to act in the best interests of the organization that employs them. This means making decisions and taking actions that align with the organization's goals, policies, and best interests, rather than personal interests, professional norms, or overlapping interests of suppliers. References:
* CIPS (Chartered Institute of Procurement & Supply) guidelines on the Law of Agency
* "Supply Management" by David N. Burt, Sheila Petcavage, and Richard Pinkerton

NEW QUESTION # 162
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. New producers would enter the market to provide the oil that was lost.
C. Consumers would reduce their oil consumption.
D. Other oil producers would decrease their prices.

Answer: A

NEW QUESTION # 163
Which of the following is the PRIMARY reason why companies should consistently update internal purchasing policies?

A. Auditors expect updates on a regular basis to ensure that the company is consistently reviewing procedures.
B. Suppliers might believe they can take advantage of an organization that fails to consistently update policies.
C. Updating policies is a key metric senior management uses to measure the impact of the purchasing organization on the business.
D. The company and market place are constantly undergoing changes.

Answer: D

NEW QUESTION # 164
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