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HBX CORe is an online program offered by Harvard Business School that aims to equip learners with fundamental business skills. CORe stands for Credential of Readiness, which is a certificate that learners receive upon successful completion of the program. The program is designed for individuals who are interested in pursuing a career in business, but lack formal business education or experience. The program covers three CORe subjects: Business Analytics, Economics for Managers, and Financial Accounting.

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The HBX CORe Final Examination is a comprehensive exam that covers all three courses in the program. It is a timed, proctored exam that consists of multiple-choice questions and short answer questions. CORe exam is designed to test an individual's understanding of the key concepts covered throughout the program. CORe exam is administered online and can be taken from anywhere in the world.

At the end of the HBX CORe program, learners are required to take the HBX CORe Final Examination, which is a comprehensive test designed to assess their knowledge and understanding of the CORe business concepts covered in the program. CORe exam consists of multiple-choice questions and covers topics such as financial statements, supply and demand, market equilibrium, and regression analysis. Successful completion of the examination earns the learner a Credential of Readiness from Harvard Business School, a valuable certification that demonstrates their proficiency in business fundamentals and enhances their career prospects.

ISM Supply Management Core Exam Sample Questions (Q196-Q201):

NEW QUESTION # 196
Which of the following options is an example of a biased question? (Select all that apply.)

A. Should the federal minimum wage be changed?
B. Would it be better to replace the federal minimum wage with a living wage?
C. Should Congress increase the federal minimum wage?
D. Should the federal minimum wage be increased even though it would cost private businesses billions of dollars?
E. What should the federal minimum wage be?

Answer: B,D

NEW QUESTION # 197
The data below is a sampling of the percentage of smokers in a country's population.
Suppose an additional country were added to the data with a smoking rate of 22.5%.

How would the mean and median be affected?

A. The mean and median would remain the same.
B. Both the mean and median would increase.
C. Both the mean and median would decrease.
D. The mean would decrease and the median would increase.

Answer: D

NEW QUESTION # 198
A supply management department is asked to obtain lower prices from suppliers. Through its efforts, the department manages to achieve a 5% reduction in indirect spend categories. However, some stakeholders request more items, keeping total expenditures about the same despite lower per-item costs.
Which of the following will be the BEST long-term approach for supply management to improve upon this situation?

A. Accept additional orders only if the requesting department has at least a 5% overall reduction in spend
B. Report the problem to top management, citing the departments with the poorest records
C. Refrain from processing orders for additional items unless there is a compelling justification
D. Work with leadership to implement a more effective demand management program

Answer: D

NEW QUESTION # 199
A firm is developing a solicitation to purchase materials in order to meet the needs of a new product launch.
The firm anticipates that some or all of its existing suppliers will respond to the solicitation. Given this situation, which of the following is the BEST requirements gathering approach for the firm?

A. Joint requirements development sessions
B. Describe, define, document and build approach
C. Repetitive requirements gathering and testing
D. Pilot and redesign approach

Answer: A

Explanation:
* Situation Context: The firm is developing a solicitation for materials for a new product launch, and existing suppliers are expected to respond.
* Collaboration Need: Joint requirements development sessions involve collaborating with key stakeholders, including existing suppliers, to gather comprehensive requirements.
* Detailed Understanding: This approach ensures a detailed and accurate understanding of the needs, leveraging the suppliers' expertise and knowledge of their capabilities.
* Alignment: It aligns the expectations of all parties involved, resulting in more precise and effective
* solicitation documents.
* Outcome: This method increases the likelihood of receiving proposals that meet the firm's exact requirements and supports a successful new product launch.
References
* ISM Professional Series: Supply Management Core
* CIPS Guide to Procurement Requirements Gathering

NEW QUESTION # 200
Why are ratios important when comparing different companies within the same industry?

A. They are useful for assessing the stage of the industry.
B. Accounting policies might be different between companies.
C. They eliminate the effect of size differences among the different companies.
D. They reflect macroeconomic factors.

Answer: C

NEW QUESTION # 201
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