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The HBX CORe Certification Exam is a final examination that tests the knowledge and skills of students who have completed the HBX CORe program. The HBX CORe program is an online program that teaches students the fundamentals of business, including accounting, economics, and statistics. The program is designed for students who are interested in pursuing a career in business, but who do not have a formal business education.
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ISM Supply Management Core Exam Sample Questions (Q70-Q75):
NEW QUESTION # 70
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?
Answer: B
NEW QUESTION # 71
With normally distributed data, approximately 95% of all observations fall within how many standard deviations from the mean?
Answer: A
NEW QUESTION # 72
A supply manager for JKL, Inc. finds a potential new supplier for an item included In a finished product.
Quality and service are comparable to those of the current supplier, and the new supplier's cost per unit is $.03 lower than that of the current supplier. Making the transition to the new supplier will require changes to operations costing approximately $12,000. How many units would JKL need to buy in order to justify changing suppliers?
Answer: C
NEW QUESTION # 73
The histogram below shows the Industrial Production Index, which measures the output of the manufacturing, mining, and utilities industries for 34 selected countries. After confirming that the data are accurate, economists studying the results are debating how to handle the value for Iceland, 187.4.
The economists are determined to present the most accurate depiction of the data for all 34 countries. Which of the recommendations below is BEST?
Answer: B
NEW QUESTION # 74
Smith agrees to work for Acme Company for 12 months on a time and materials contract, with right of termination for convenience. Under the terms of the contract, Smith's fee is payable quarterly. After six months, Smith provides notice of termination. Smith was only paid for the first three months of the contract, and Acme Company is withholding payment of the outstanding balance. If Smith files a lawsuit to recover damages, Smith is MOST likely to be compensated for which of the following types of damages?
Answer: D
Explanation:
In the case where Smith terminates the contract for convenience and seeks damages for unpaid work, Smith is most likely to be compensated for restitution. Restitution aims to restore Smith to the position they were in before the contract, covering the value of services rendered up to the point of termination. Incidental, consequential, and punitive damages typically cover other types of losses or punish wrongful conduct, which are not applicable here. References: Contract law principles, particularly those related to termination for convenience and restitution.
NEW QUESTION # 75
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