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PEREGRINE EXAM LATEST EXAM
QUESTIONS AND CORRECT
ANSWERS | ALREADY GRADED A+ |
LATEST VERSION 2024
Government tactics that include removing incentives, demanding a higher share of profits and taxes, and confiscating foreign assets are known as: ------CORRECT ANSWER---------------Expropriation "People of the same trade seldom meet together, even for merriment and diversion, but their conversation often ends in conspiracy against the public." This quote from Adam Smith is referring to which of the following business relationship terms: ------CORRECT ANSWER---------------Collusion ____ is a collection of facts organized so that they have additional value beyond the value of the facts themselves. ------CORRECT ANSWER---------------Information ____ is the simulation of a real or imagined environment that can be experienced visually in three dimensions. ------CORRECT ANSWER---------------Virtual reality The Federal Highway Administration uses notice-and-comment rulemaking. This process begins with ------CORRECT ANSWER---------------the publication of a notice of proposed rulemaking. Kip opens an account at a Lotsa Goodies Store, and buys a digital music player and other items, but makes no payments on the account. To collect the debt, Mako, the manager, contacts Kip's parents. This violates ------CORRECT ANSWER---------------No federal law
The process of setting major organization objectives and developing plans to achieve them is called: ------CORRECT ANSWER---------------Strategic planning One way human resource planning links to strategic planning is by providing a set of inputs into the: ------CORRECT ANSWER---------------strategy formulation process In the SERVQUAL instrument for measuring service quality, the concept of assurance is associated with ------CORRECT ANSWER---------------The ability to convey trust and confidence Which of the following is not one of W. Edwards Deming's 14 points? ------CORRECT ANSWER---------------The only performance standard is Zero Defects A leading force currently driving change at work is: ------CORRECT ANSWER--------------
- Global competition A questioning, probing attitude is at the core of: ------CORRECT ANSWER--------------- critical thinking Which of the following IS NOT a purpose of a marketing plan? ------CORRECT ANSWER---------------It explains how marketing activities mesh with other functional areas Which of the following is NOT a strategic alternative to laying off employees? ------ CORRECT ANSWER---------------implementing a restricted hiring policy downsizing the workforce lowering employment standards mandating reduced hours Lowering Employment Standards
Income ratio Quick ratio Asset Turnover Ratio The sum of the squares total (SST) ------CORRECT ANSWER---------------measures the total variability in X about the mean. measures the total variability in Y about the mean. measures the variability in X about the regression line. measures the variability in Y about the regression line. Measures the variability in Y about the regression line. This strategy sacrifices responsiveness to local markets in favor of efficiency. Microsoft, for example, offers the same software programs around the world but adjusts the programs to match local languages. ------CORRECT ANSWER---------------Multinational strategy Global strategy Transnational strategy Multidomestic strategy Global Another Time Around helps young inner city kids develop products they can make and sell to earn money for college. What concept best describes this? ------CORRECT ANSWER---------------The marketing mix Cause marketing Benevolent advertising A tax deduction Corporate charitable marketing None of the above. cause marketing Lauren is an HR manager at a marketing firm. Which of the following functions is LEAST likely to be an aspect of Lauren's job? ------CORRECT ANSWER--------------- Employee and labor relations Staffing
Employee staffing Product testing Product Testing Local area networks (LANs) are used to _____. ------CORRECT ANSWER--------------- link computers that are geographically far apart provide communication services spanning several cities or states connect various wide area networks in metropolitan areas integrate services to a single building or campus integrate services to a single building or campus n June 2015, American steel companies United States Steel Corp., Nucor Corp., Steel Dynamics Inc., ArcelorMittal USA, AK Steel Corp., and California Steel Industries filed a complaint with the Department of Commerce and the ITC alleging that China (and other countries) were selling steel in the U.S. market at prices lower than their own markets. This practice is known as ------CORRECT ANSWER---------------Tacit collusion Collusion Price fixing Dumping Dumping Dumping is considered: ------CORRECT ANSWER---------------Repackaging a product currently being sold in a foreign country. Collecting and destroying products before they contaminate the market for the brand. The sale of an exported product at a price lower than that charged for the same or a like product in the "home" market of the exporter. Offering a bribe to a foreign official for the purposes of opening markets. Combining a poorly selling product with a new product. The sale of an exported product at a price lower than that charged for the same or a like product in the "home" market of the exporter. Marginal revenue is equal to: ------CORRECT ANSWER---------------the change in total revenue associated with a change in quantity. marginal cost.
The data component of an information system is: ------CORRECT ANSWER--------------- a set of facts that have been analyzed by the process component a series of integrated files containing relevant facts the input to the information system the output of the information system a series of integrated files containing relevant facts Another name for a decision table is a ------CORRECT ANSWER---------------payout table. payoff table. payment table. pay-up table. Payoff table In the automobile industry, workers have just negotiated a new contract giving workers a large raise. There has also been an increase in the number of licensed drivers who are in the market for a new car. In the market for new automobiles, the effects that these changes will have on the equilibrium price and quantity include: ------CORRECT ANSWER---------------price will increase, and quantity will decrease. price will decrease, and the effect on quantity is indeterminate. price will decrease, and quantity will increase. price will increase, and the effect on quantity is indeterminate. price will increase, and quantity will decrease What is the advantage of foreign direct investment? ------CORRECT ANSWER------------ ---Helps in retaining advantage over competition Reduces transportation costs Creates a company tailored to a foreign market's characteristics All of the above All of the above
The contention that tariffs should be imposed when a foreign government provides financial assistance to its producers is: ------CORRECT ANSWER---------------the infant industry argument. a national defense concern. dumping. to counter foreign subsidies. the infant industry argument. A new young executive is perplexed at the number of interruptions that occur due to employee relations. She has decided to track the number of interruptions that occur during each hour of her day. Over the last month, she has determined that between 0 and 3 interruptions occur during any given hour of her day. The data is shown below. number of interruptions - probability 0 interruptions -. 1 interruptions -. 2 interruptions -. 3 interruptions -. On average she should expect 1 interruption per hour. ------CORRECT ANSWER--------- ------True False False _____ is the amount of data that can be transferred from one point to another in one second. ------CORRECT ANSWER---------------Protocol Bandwidth Packet Latency Bandwidth The principle of rational choice specifically states that you choose how to spend additional income based on what gives you: ------CORRECT ANSWER---------------the most total utility for that dollar. the most average utility for that dollar. the most marginal utility for that dollar. the least total utility for that dollar.
The law of diminishing marginal utility does not apply to consumption of Big Macs. Marginal utility declined as he consumed additional Big Macs. George, a project manager at a publishing firm, is experiencing many stress-related symptoms. What is the best advice an HR manager could give George? ------CORRECT ANSWER---------------Handle work issues immediately. Recognize your own limitations. Keep your problems to yourself. Focus on making work a priority. Recognize your own limitations Which of the following is a category or element of the balance sheet? ------CORRECT ANSWER---------------Liabilities Losses Expenses Gains Liabilities In the context of the data component of an information system, internal data sources include _____. ------CORRECT ANSWER---------------economic conditions personnel records population statistics government agencies Personnel Records According to the hot stove rule, disciplinary action should most likely occur immediately, so that the individual _____. ------CORRECT ANSWER---------------Share the experience with co-workers Have time to contact an HR manager Understand the reason for it Receive appropriate training opportunities Understand the reason for it
In the context of applications of artificial intelligence (AI), _____ perform well at simple, repetitive tasks and can be used to free workers from tedious or hazardous jobs. ------ CORRECT ANSWER---------------data mining agents firewalls robots electronic trackers Robots A company has two bonds that are identical except one matures in 5 years and one matures in 10 years. If interest rates fall, what will happen to the price of the bonds? -----
- CORRECT ANSWER---------------Both will increase and the 10-year will increase more. Both will decrease and the 5-year will decrease more. Both will increase and the 5-year will increase more. Both will decrease and the 10-year will decrease more. Both will increase and the 10-year will increase more. Any business activity, which resorts to deceitful practices or devices with the intent to deprive another of property or other rights, or to cause economic injury. ------CORRECT ANSWER---------------External Fraud Which of these actions would likely result in a lower current ratio? ------CORRECT ANSWER---------------Holding more stocks to offer better customer service. Increasing cash by selling excess fixed assets. Extending the time to pay suppliers Allowing major customers more time to pay bills. Extending the time to pay suppliers Dave is developing a social media platform to help Saint Leo students plan events and track attendance. Part of his persona profile includes age, gender and class year. What part of segmentation best describes these factors? ------CORRECT ANSWER--------------
- Developmental Demographic
some concessions to local tastes too. ------CORRECT ANSWER---------------Global strategy Multidomestic strategy Multinational strategy Transnational strategy Transnational strategy _______ laws are federal and state statutes and regulations that promote product safety and prohibit abusive, unfair, and deceptive business practices. ------CORRECT ANSWER---------------Consumer protection Canon Caveat emptor FDCA Consumer Protection The World Trade Organization (WTO) is: ------CORRECT ANSWER---------------The only global international organization focused on negotiating the rules of trade between nations. None of the above A clearing house for orders of high tech, highly dangerous products from G-7 countries. The U.S. agency that coordinates payments for countries in the Western Hemisphere. A training organization for lesser developed nations seeking to normalize financial agreements. The only global international organization focused on negotiating the rules of trade between nations. Which of these is not a critical component is designing an advertising campaign ------ CORRECT ANSWER---------------Detailed product information Appeal type Target audience Objective Message strategy Detailed product information
In a relational database model, a _____ is a field in a relational table that matches the primary key column of another table. ------CORRECT ANSWER---------------serial key secondary key foreign key domain key foreign key The ________ was intended to eliminate job discrimination based on race, color, national origin, sex, and religion. ------CORRECT ANSWER---------------Fair Employment Practices Act Title VII of the Civil Rights Act of 1964 Lilly Ledbetter Fair Pay Act Title II of Genetic Information Nondiscrimination Act Fair employment practices act Which of the following is not a shortcoming of using manager judgment for forecasting availability? ------CORRECT ANSWER---------------Managers are always overall aggressive in estimating hiring requirements None of the above are shortcomings of management judgement The complexity of forecasting may overwhelm the manager Managers may not know employee intentions Managers are always overall aggressive in estimating hiring requirements Which of these is typically a characteristic of a sales promotion? ------CORRECT ANSWER---------------It is advertised via e-media It requires the consumer to act on the offer in a fixed time The consumer does not have to buy the product to benefit from the offer It is a key part of social media marketing The consumer does not have to buy the product to benefit from the offer A(n) _____ consists of programs that mimic human thought behavior in a specific area that human specialists have solved successfully. ------CORRECT ANSWER--------------- evolutionary model spiral model
accounting refers to the broad underlying concepts which guide accountants when preparing financial statements. What is equity? ------CORRECT ANSWER---------------Equity can indicate an ownership interest in a business, such as stockholders' equity or owner's equity. Equity can mean an owner's interest in a personal asset. For example, the owner of a $200,000 house that has a mortgage loan of $75,000 is said to have $125,000 of equity in the house. What is meant by reconciling an account? ------CORRECT ANSWER--------------- Reconciling an account is likely to mean proving or documenting that an account balance is correct. What is included in cash and cash equivalents? ------CORRECT ANSWER---------------In accounting, a company's cash includes the following: currency and coins checks received from customers but not yet deposited checking accounts petty cash Cash equivalents are short-term, highly liquid investments with a maturity date that was 3 months or less at the time of purchase. money market accounts U.S. Treasury Bills commercial paper What is the difference between an implicit cost and an explicit cost? ------CORRECT ANSWER---------------An implicit cost is present but it is not initially shown or reported as a separate cost. An explicit cost is a cost that is present and it is clearly shown or reported as a separate cost. What is the difference between stocks and bonds? ------CORRECT ANSWER--------------
- Stocks, or shares of capital stock, represent an ownership interest in a corporation. Every corporation has common stock.
Bonds are a form of long-term debt in which the issuing corporation promises to pay the principal amount at a specified maturity date. AN INCREASE TO WHICH OF THE FOLLOWING ACCOUNTS WILL INCREASE OWNERS' EQUITY? ------CORRECT ANSWER---------------Client Fees IN TIMES OF RISING PRICES, THE INVENTORY COST METHOD THAT WILL YIELD THE LOWEST NET INCOME IS: ------CORRECT ANSWER---------------LIFO (LIFO is the acronym for last-in, first-out, which is a cost flow assumption often used by U.S. corporations in moving costs from inventory to the cost of goods sold. Example: Assume that a corporation uses LIFO and has three units of a product in its inventory. Due to its supplier raising its prices, the corporation purchased the items at different costs and in the following sequence: $40, $44, and $46. The corporation ships the oldest item (the one purchased for $40) to a customer at a selling price of $60. However, under the LIFO cost flow assumption the company reports its cost of goods sold at $46 (the latest cost) and reports a gross profit of $14. (The costs of $40 and $ remain in inventory.) When a business erroneously records expenses as assets, it has violated the measurement issue of ------CORRECT ANSWER---------------classification A dividend will reduce which of the following accounts? ------CORRECT ANSWER-------- -------Retained Earnings Lying by omission involves intentionally ------CORRECT ANSWER--------------- withholding material facts. Conflicts of interest exist when employees must choose whether to ------CORRECT ANSWER---------------advance their own interests, those of the organization, or those of some other group.
Holding everything else equal, total revenue increases ------CORRECT ANSWER--------- ------when either price or quantity increase In the context of marketing planning, why is it vital that the marketing plan be capable of selling itself to top management? ------CORRECT ANSWER---------------Because top managers must decide whether the marketing plan is the best use for the organization's scarce resources Sensitivity analysis considers ------CORRECT ANSWER---------------changes in the values of the payoffs. A population characteristic, such as a population mean, is called ------CORRECT ANSWER---------------A parameter OPERATING STATEMENT IS ANOTHER NAME FOR WHICH OF THE FOLLOWING? ------CORRECT ANSWER---------------Income Statement AN INCREASE TO WHICH OF THE FOLLOWING ACCOUNTS WILL INCREASE OWNERS' EQUITY? ------CORRECT ANSWER---------------Client Fees PURCHASES RETURNS AND ALLOWANCES AND PURCHASE DISCOUNTS ARE CLASSIFIED AS WHICH OF THE FOLLOWING ON THE INCOME STATEMENT? ------ CORRECT ANSWER---------------CONTRA-COST ACCOUNTS THE LAST STEP IN PREPARING A WORKSHEET IS WHICH OF THE FOLLOWING? ------CORRECT ANSWER---------------TOTAL THE INCOME STATEMENT AND BALANCE SHEET ITEMS TO COMPUTE NET INCOME (LOSS)
Mission Statement vs Vision ------CORRECT ANSWER---------------A MISSION STATEMENT DEFINES THE COMPANY'S BUSINESS, ITS OBJECTIVES AND ITS APPROACH TO REACH THOSE OBJECTIVES. A VISION STATEMENT DESCRIBES THE DESIRED FUTURE POSITION OF THE COMPANY. ELEMENTS OF MISSION AND VISION STATEMENTS ARE OFTEN COMBINED TO PROVIDE A STATEMENT OF THE COMPANY'S PURPOSES, GOALS AND VALUES. HOWEVER, SOMETIMES THE TWO TERMS ARE USED INTERCHANGEABLY. Corporation Structure ------CORRECT ANSWER---------------A BOARD OF DIRECTORS; OFFICERS; EMPLOYEES; SHAREHOLDERS/OWNERS AN INTERNAL CONFIGURATION OF THE FUNCTIONAL AREAS OF A BUSINESS CORPORATE GOVERNANCE ------CORRECT ANSWER---------------IT ESSENTIALLY INVOLVES BALANCING THE INTERESTS OF A COMPANY'S MANY STAKEHOLDERS, SUCH AS SHAREHOLDERS, MANAGEMENT, CUSTOMERS, SUPPLIERS, FINANCIERS, GOVERNMENT AND THE COMMUNITY IT ENCOMPASSES PRACTICALLY EVERY SPHERE OF MANAGEMENT, FROM ACTION PLANS AND INTERNAL CONTROLS TO PERFORMANCE MEASUREMENT AND CORPORATE DISCLOSURE. GDP Calculation ------CORRECT ANSWER---------------THE FORMULA FOR GDP IS: GDP = C + I + G + (EX - IM), WHERE "C" EQUALS SPENDING BY CONSUMERS, "I" EQUALS INVESTMENT BY BUSINESSES, "G" EQUALS GOVERNMENT SPENDING AND "(EX - IM)" EQUALS NET EXPORTS, THAT IS, THE VALUE OF EXPORTSMINUSIMPORTS. GROSS DOMESTIC PRODUCT (GDP) ------CORRECT ANSWER---------------IS ONE OF THE PRIMARY INDICATORS USED TO GAUGE THE HEALTH OF A COUNTRY'S ECONOMY. IT REPRESENTS THE TOTAL DOLLAR VALUE OF ALL GOODS AND SERVICES PRODUCED OVER A SPECIFIC TIME PERIOD, OFTEN REFERRED TO AS THE SIZE OF THE ECONOMY ANALYSIS: GDP GROWTH RATE IS THE GROWTH IN GDP FROM QUARTER TO QUARTER.GDP PER CAPITA MEASURES GDP PER PERSON AND IS A GREAT WAY TO COMPARE GDP DATA BETWEEN VARIOUS COUNTRIES.
