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The HBX CORe program culminates in a final examination that tests students' understanding of the material covered in the three CORe courses. The final examination is a comprehensive test that covers all three courses and is designed to assess students' ability to apply the concepts and principles they have learned in real-world business situations. CORe exam consists of multiple-choice questions and requires students to demonstrate their understanding of the material and their ability to apply it to solve business problems.
While the HBX CORe program is open to anyone, the final exam is designed to be challenging and is meant to be taken seriously. Participants are encouraged to study diligently and prepare thoroughly before attempting the exam. Those who pass the exam will receive a HBX CORe certification, which demonstrates to employers and colleagues that they have a solid foundation in business concepts and skills.
>> New CORe Test Objectives <<
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HBX CORe is an online program that teaches students the fundamentals of business. The program is designed for individuals who are interested in learning about business but do not have a background in the field. The program consists of three courses: Business Analytics, Economics for Managers, and Financial Accounting. Each course is taught by Harvard Business School professors who use real-world examples to illustrate key concepts.
NEW QUESTION # 78
A government agency is interested in developing the most accurate forecast for the poverty rate in the United States and decides to perform regression analyses using a combination of the following independent variables: the percent of women in the labor force and the percent of the population that is uninsured. The agency collects data from all 50 U.S. states but is unsure whether both variables should be in the model. The agency runs three regressions:
Regression A. Poverty Rate = a + b1*(Percent of women in the labor force) + b2*(Percent uninsured)
Regression B. Poverty Rate = a + b*(Percent of women in the labor force)
Regression C. Poverty Rate = a + b*(Percent uninsured)
The regression statistics for all three regressions are given below. Based on these statistics, which model should the agency use to obtain the MOST accurate forecast?
Answer: D
NEW QUESTION # 79
Which of the following is considered the HIGHEST level in a supply chain's strategic plan?
Answer: D
Explanation:
In the context of supply chain management, the highest level in a strategic plan is the objective of the organization. This is because the objective sets the overarching goals and vision for the entire supply chain.
These objectives provide a clear direction and purpose, ensuring that all activities and strategies align with the broader goals of the organization. Commodity segmentation, supplier differentiation, and acquisition planning are more specific tactics and strategies that support the overall objectives but are not the highest level themselves.
References:
* APICS Supply Chain Council. (2017). SCOR Model.
* Chopra, S., & Meindl, P. (2016). Supply Chain Management: Strategy, Planning, and Operation.
NEW QUESTION # 80
A supply management team reviews all documents dealing with processes and procedures for the supply management function. Each team member reviews the documents and reports back to the group on the accuracy of the information, particularly concerning financial transactions. Any discrepancies are documented, updated, and submitted to senior management for approval. Which of the following is the MOST important legal requirement for this activity?
Answer: B
NEW QUESTION # 81
Which of the following is the BEST reason to develop relationships with a small number of suppliers?
Answer: A
Explanation:
Developing relationships with a small number of suppliers can provide several advantages, but the best reason in a supply management context is:
* To identify innovation opportunities: While important, this can be achieved with both few and many suppliers.
* To obtain pricing improvements: Focusing on fewer suppliers often results in better negotiation leverage and volume discounts, leading to pricing improvements.
* To decrease internal cultural barriers: This is less directly related to supplier relationship management.
* To improve sourcing opportunities: This can be done with multiple suppliers as well.
Thus, the best reason to develop relationships with a small number of suppliers is to obtain pricing improvements.
References:
* Supply chain management textbooks on supplier relationship management.
* Articles on the benefits of strategic supplier partnerships.
NEW QUESTION # 82
MNO, Inc. is a manufacturing operation that has recently expanded from domestic to global locations. MNO's supply management department is considering a plan to obtain raw materials from suppliers nearby each location. The organization currently handles its sourcing from headquarters, which provides coordination and support for all contracts. Which of the following strategies will likely be MOST useful to MNO's expansion efforts?
Answer: C
NEW QUESTION # 83
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