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Peregrine Exam Review Questions and Answer 100% Guaranteed Pass 2025/2026, Exams of Nursing

University of Iowa (UI)Nursing

Peregrine Exam Review Questions and Answer 100% Guaranteed Pass This document is a complete review guide for the Peregrine Exam, featuring updated and verified questions and answers with a 100% guaranteed pass rate. It includes comprehensive coverage of core topics such as accounting, economics, finance, management, marketing, and quantitative reasoning. Ideal for undergraduate and MBA students, this resource is designed to ensure exam readiness and top performance.

Typology: Exams

2024/2025

Available from 06/12/2025

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Nurseexcel 🇺🇸

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Peregrine Exam Review Questions and Answer
100% Guaranteed Pass
1. Whatiisiaigeneraliledger?:iAigeneraliledgeriaccountiisianiaccountiorirecordiuseditoisort,ist
oreiandisummarizeiaicompany'sitransactions.
assetiaccountsisuchiasiCash,iAccountsiReceivable,iInventory,iInvestments,iLand,iandiEquipment
liabilityiaccountsiincludingiNotesiPayable,iAccountsiPayable,iAccruediExpensesiPayable,iandiCu
stomeriDeposits
stockholders'iequityiaccountsisuchiasiCommoniStock,iRetainediEarnings,iTreasuryiStock,iandiAcc
umulatediOtheriComprehensiveiIncome
2. Whatiisitheidifferenceibetweeniaccountsipayableiandiaccountsireceivable?-
:iAccountsipayableiisiaicurrentiliabilityiaccountiiniwhichiaicompanyirecordsitheiamountsiitio
wesitoisuppliersiorivendorsiforigoodsioriservicesithatiitireceivedionicredit.
Accountsireceivableiisiaicurrentiassetiaccountiiniwhichiaicompanyirecordsitheiamountsiitihasiairig
htitoicollectifromicustomersiwhoireceivedigoodsioriservicesionicredit.
3. Whatiisitheicostiofigoodsisold?:iTheicostiofigoodsisoldiisitheicostiofitheiproductsithatiair
etailer,idistributor,iorimanufacturerihasisold.
4. Whatiisiowner'siequity?:iOwner'siequityiisioneiofitheithreeimainisectionsiofiaisoleiproprietor
ship'sibalanceisheetiandioneiofitheicomponentsiofitheiaccountingiequation:iAssetsi=iLiabilitie
si+iOwner'siEquity.
5. Whatiisiprinciplesiofiaccounting?:iPrinciplesiofiaccountingicanialsoireferitoitheibasiciorifunda
mentaliaccountingiprinciples:icostiprinciples,imatchingiprinciples,ifullidisclosureiprinciples,im
aterialityiprinciples,igoingiconcerniprinciples,ieconomicien-
itityiprinciples,iandisoion.iInithisicontext,iprinciplesiofiaccountingirefersitoitheibroadiunderlyingico
nceptsiwhichiguideiaccountantsiwhenipreparingifinancialistatements.
6. Whatiisiequity?:iEquityicaniindicateianiownershipiinterestiiniaibusiness,isuchiasistockholde
rs'iequityioriowner'siequity.
Equityicanimeanianiowner'siinterestiiniaipersonaliasset.iForiexample,itheiowneriofiai$200,000iho
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Download Peregrine Exam Review Questions and Answer 100% Guaranteed Pass 2025/2026 and more Exams Nursing in PDF only on Docsity!

Peregrine Exam Review Questions and Answer

100% Guaranteed Pass

  1. Whatiisiaigeneraliledger?:i Aigeneraliledgeriaccountiisianiaccountiorirecordiuseditoisort,ist oreiandisummarizeiaicompany'sitransactions. assetiaccountsisuchiasiCash,iAccountsiReceivable,iInventory,iInvestments,iLand,iandiEquipment liabilityiaccountsiincludingiNotesiPayable,iAccountsiPayable,iAccruediExpensesiPayable,iandiCu stomeriDeposits stockholders'iequityiaccountsisuchiasiCommoniStock,iRetainediEarnings,iTreasuryiStock,iandiAcc umulatediOtheriComprehensiveiIncome
  2. Whatiisitheidifferenceibetweeniaccountsipayableiandiaccountsireceivable?- :i Accountsipayableiisiaicurrentiliabilityiaccountiiniwhichiaicompanyirecordsitheiamountsiitio wesitoisuppliersiorivendorsiforigoodsioriservicesithatiitireceivedionicredit. Accountsireceivableiisiaicurrentiassetiaccountiiniwhichiaicompanyirecordsitheiamountsiitihasiairig htitoicollectifromicustomersiwhoireceivedigoodsioriservicesionicredit.
  3. Whatiisitheicostiofigoodsisold?:i Theicostiofigoodsisoldiisitheicostiofitheiproductsithatiair etailer,idistributor,iorimanufacturerihasisold.
  4. Whatiisiowner'siequity?:i Owner'siequityiisioneiofitheithreeimainisectionsiofiaisoleiproprietor ship'sibalanceisheetiandioneiofitheicomponentsiofitheiaccountingiequation:iAssetsi=iLiabilitie si+iOwner'siEquity.
  5. Whatiisiprinciplesiofiaccounting?:i Principlesiofiaccountingicanialsoireferitoitheibasiciorifunda mentaliaccountingiprinciples:icostiprinciples,imatchingiprinciples,ifullidisclosureiprinciples,im aterialityiprinciples,igoingiconcerniprinciples,ieconomicien- itityiprinciples,iandisoion.iInithisicontext,iprinciplesiofiaccountingirefersitoitheibroadiunderlyingico nceptsiwhichiguideiaccountantsiwhenipreparingifinancialistatements.
  6. Whatiisiequity?:i Equityicaniindicateianiownershipiinterestiiniaibusiness,isuchiasistockholde rs'iequityioriowner'siequity. Equityicanimeanianiowner'siinterestiiniaipersonaliasset.iForiexample,itheiowneriofiai$200,000iho

useithatihasiaimortgageiloaniofi$75,000iisisaiditoihavei$125,000iofiequityiinitheihouse.

  1. Whatiisimeantibyireconcilingianiaccount?:i Reconcilingianiaccountiisilikelyitoimeaniprovingi oridocumentingithatianiaccountibalanceiisicorrect.
  2. Whatiisiincludediinicashiandicashiequivalents?:i Iniaccounting,iaicompany'sicashiincludesi theifollowing: currencyiandicoins checksireceivedifromicustomersibutinotiyetideposited
  1. Wheniaibusinessierroneouslyirecordsiexpensesiasiassets,iitihasiviolateditheimeasurem entiissueiof:i classification
  2. Aidividendiwillireduceiwhichiofitheifollowingiaccounts?:i RetainediEarnings
  3. Lyingibyiomissioniinvolvesiintentionally:i withholdingimaterialifacts.
  4. Conflictsiofiinterestiexistiwheniemployeesimustichooseiwhetherito:i ad- ivanceitheiriowniinterests,ithoseiofitheiorganization,iorithoseiofisomeiotherigroup.
  5. WhichiofitheifollowingistatementsiisiCORRECT?:i Freeicashiflowi(FCF)iis,iessentially,it heicashiflowithatiisiavailableiforiinterestiandidividendsiafterithe

companyihasimadeitheiinvestmentsiinicurrentiandifixediassetsithatiareinecessaryitoisustainiong oingioperations.

  1. Aicorporateibondicurrentlyiyieldsi8.3%.iMunicipalibondsiwithitheisameirisk,imaturity,i andiliquidityicurrentlyiyieldi5.5%.iAtiwhatitaxirateiwouldiin- ivestorsibeiindifferentibetweenitheitwoibonds?:i 33.73%
  2. Whenitheicostsiofisuppliesiincreaseiinianiindustry,itheilow- costileader:i beitheionlyifirmiableitoipayitheihigheripricesiandicontinueitoiearniaverageioriabove- iaverageireturns.
  3. TQMiisimostihelpfulitoifirmsifollowingithei businessistrategy.:i integrat- iedicost-leadershipidifferentiation
  4. AlliofitheifollowingiareiconsiderediextrinsicimotivatorsiiniHerzberg'sitwo- factoritheoryiEXCEPT::i Workiitself
  5. WhichiofitheifollowingiisiNOTioneiofitheiprocessimotivationitheories?:i- Acquiredineedsitheory
  6. Aniindividualiwhoipurchasesiaicomputerilateridecidesitoiacquireiainewimotherboard.i InitermsioficomputingiGDP,ithisinewimotherboardiwouldibeia(n):i Finaligood
  7. TheilargesticomponentiofiGDPiis:i consumption
  8. Inieconomics,ifirmsiareiassumedito:i Maximizeiprofits
  9. Holdingieverythingielseiequal,itotalirevenueiincreases:i whenieitheripriceioriquantityiincre ase
  10. Governmentitacticsithatiincludeiremovingiincentives,idemandingiaihigherishareiofiprofit sianditaxes,iandiconfiscatingiforeigniassetsiareiknownias::i Ex-ipropriation
  11. "Peopleiofitheisameitradeiseldomimeetitogether,ieveniforimerrimentiandidiversion,ibuti theiriconversationiofteniendsiiniconspiracyiagainstitheipublic."iThisiquoteifromiAdamiSmithii sireferringitoiwhichiofitheifollowingibusinessirelationshipiterms::i Collusion
  12. isiaicollectioniofifactsiorganizedisoithatitheyihaveiadditionalivalueibeyonditheiva lueiofitheifactsithemselves.:i Information
  13. isitheisimulationiofiairealioriimaginedienvironmentithaticanibeiexperienced ivisuallyiinithreeidimensions.:i Virtualireality
  14. TheiFederaliHighwayiAdministrationiusesinotice-and-commentirulemak- iing.iThisiprocessibeginsiwith:i theipublicationiofiainoticeiofiproposedirulemaking.
  1. Oneiwayihumaniresourceiplanningilinksitoistrategiciplanningiisibyiprovid- iingiaisetiofiinputsiintoithe::i strategyiformulationiprocess
  2. InitheiSERVQUALiinstrumentiforimeasuringiserviceiquality,itheiconceptiofiassuranceiisia ssociatediwith:i Theiabilityitoiconveyitrustiandiconfidence
  3. WhichiofitheifollowingiisinotioneiofiW.iEdwardsiDeming'si 14 ipoints?:i Theionlyiperformanc eistandardiisiZeroiDefects
  4. Aileadingiforceicurrentlyidrivingichangeiatiworkiis::i Globalicompetition
  5. Aiquestioning,iprobingiattitudeiisiatitheicoreiof::i criticalithinking
  6. WhichiofitheifollowingiISiNOTiaipurposeiofiaimarketingiplan?:i Itiexplainsihowimarketingia ctivitiesimeshiwithiotherifunctionaliareas
  7. Initheicontextiofimarketingiplanning,iwhyiisiitivitalithatitheimarketingiplanibeicapableiofis ellingiitselfitoitopimanagement?:i Becauseitopimanagersimustidecideiwhetheritheimarketingip laniisitheibestiuseiforitheiorganization'siscarceiresources
  8. Sensitivityianalysisiconsiders:i changesiinitheivaluesiofitheipayoffs.
  9. Aipopulationicharacteristic,isuchiasiaipopulationimean,iisicalled:i Aipara-imeter
  10. OPERATINGiSTATEMENTiISiANOTHERiNAMEiFORiWHICHiOFiTHEiFOL- LOWING?:i IncomeiStatement
  11. PURCHASESiRETURNSiANDiALLOWANCESiANDiPURCHASEiDIS- iCOUNTSiAREiCLASSIFIEDiASiWHICHiOFiTHEiFOLLOWINGiONiTHEiINCOMEiSTATEMENT?:i CO NTRA-COSTiACCOUNTS
  12. THEiLASTiSTEPiINiPREPARINGiAiWORKSHEETiISiWHICHiOFiTHEiFOL- iLOWING?:i TOTALiTHEiINCOMEiSTATEMENTiANDiBALANCEiSHEETiITEMSiTOiCOMPUTEiNETiINCO MEi(LOSS)
  13. MissioniStatementivsiVision:i AiMISSIONiSTATEMENTiDEFINESiTHEiCOM- iPANY'SiBUSINESS,iITSiOBJECTIVESiANDiITSiAPPROACHiTOiREACHiTHOSEiOBJECTIVES.iAiVISIO NiSTATEMENTiDESCRIBESiTHEiDESIREDiFUTUREiPO- iSITIONiOFiTHEiCOMPANY.iELEMENTSiOFiMISSIONiANDiVISIONiSTATEMENTSiAREiOFTENiCOMBI NEDiTOiPROVIDEiAiSTATEMENTiOFiTHEiCOMPANY'SiPURPOSES,iGOALSiANDiVALUES.iHOWEV ER,iSOMETIMESiTHEiTWOiTERMSiAREiUSEDiINTERCHANGEABLY.
  14. CorporationiStructure:i AiBOARDiOFiDIRECTORS;iOFFICERS;iEMPLOY- iEES;iSHAREHOLDERS/OWNERS

ANiINTERNALiCONFIGURATIONiOFiTHEiFUNCTIONALiAREASiOFiAiBUSI-iNESS

  1. CORPORATEiGOVERNANCE:i ITiESSENTIALLYiINVOLVESiBALANCINGiTHEiINTERESTSiOFiAi COMPANY'SiMANYiSTAKEHOLDERS,iSUCHiASiSHARE- iHOLDERS,iMANAGEMENT,iCUSTOMERS,iSUPPLIERS,iFINANCIERS,iGOV-

10 i/i 13

  1. AccountingiProfit:i ISiTHEiMONETARYiCOSTSiAiFIRMiPAYSiOUTiANDiTHEiREVENUEiAiFIRMiRE CEIVES.

11 i/i 13 TOTALiMONETARYi-iREVENUEiTOTALiCOSTS.

  1. EconomiciProfit:i ISiTHEiMONETARYiCOSTSiANDiOPPORTUNITYiCOSTSiAiFIRMiPAYSiANDiT HEiREVENUEiAiFIRMiRECEIVES. TOTALiREVENUE-(EXPLICITiCOSTSi+iIMPLICITiCOSTS).
  2. LAWiOFiSUPPLY:i THATiTHEiQUANTITYiOFiAiGOODiSUPPLIEDi(I.E.,iTHEiAMOUNTiOWNERSi ORiPRODUCERSiOFFERiFORiSALE)iRISESiASiTHEiMAR- iKETiPRICEiRISES,iANDiFALLSiASiTHEiPRICEiFALLS.
  3. LawiofiDemand:i SAYSiTHATiTHEiQUANTITYiOFiAiGOODiDEMANDEDiFALLSiASiTHEiPRI CEiRISES,iANDiVICEiVERSA.
  4. Governmentitacticsithatiincludeiremovingiincentives:i advanceitheiriowniinterests,itho seiofitheiorganization,iorithoseiofisomeiotherigroup.
  5. Aisuitiforinegligenceimustiproveifourielements:idutyioficare,ibreachiofiduty,iproximat eicauseiand:i Actualiharm
  6. FinancialiRegulation:i isiaiformiofiregulationiorisupervision,iwhichisubjectsifinancialiinstit utionsitoicertainirequirements,irestrictionsiandiguidelines,iaimingitoimaintainitheiintegrityiofit heifinancialisystem.iThisimayibeihandledibyieitheriaigovernmentiorinon- governmentiorganization.
  7. THEiFTC'SiBUREAUiOFiCONSUMERiPROTECTION:i STOPSiUNFAIR,iDE- iCEPTIVEiANDiFRAUDULENTiBUSINESSiPRACTICESiBYiCOLLECTINGiCOM- iPLAINTSiANDiCONDUCTINGiINVESTIGATIONS,iSUINGiCOMPANIESiANDiPEOPLEiTHATiBREA KiTHEiLAW,iDEVELOPINGiRULESiTOiMAINTAINiAiFAIRiMARKETPLACE,iANDiEDUCATINGiCONS UMERSiANDiBUSINESSESiABOUTiTHEIRiRIGHTSiANDiRESPONSIBILITIES.
  8. 6 iBASICiRIGHTSiOFiCONSUMERS:i rightitoisafety,irightitoibeiinformed,irightitoichoose,irightit oibeiheard,irightitoiconsumerieducation,irightitoicourteousiservice
  9. Corporateicultureiisishown:i (1)itheiwaysitheiorganizationiconductsiitsibusi- iness,itreatsiitsiemployees,icustomers,ianditheiwidericommunity,i(2)itheiextentitoiwhichifreedo miisiallowediinidecisionimaking,idevelopinginewiideas,iandipersonaliexpression,i(3)ihowipoweri andiinformationiflowithroughiitsihierarchy,iandi(4)ihowicommittediemployeesiareitowardsicolle ctiveiobjectives.iItiaffectsitheiorganization'siproductivityiandiperformance,iandiprovidesiguideli

13 i/i 13

  1. IndividualiandiGroupiDynamics:i Interactionioficomplexiintra-iandiinter-per- isonaliforcesioperatingiiniaigroupiwhichidetermineiitsicharacter,idevelopment,iandilong- termisurvival. Fieldiofistudyiconcernediwithideterminationiofilawsiunderlyingigroupibehavior.
  2. PopulationiSampling:i isitheiprocessiofitakingiaisubsetiofisubjectsithatiisirepresentativ eiofitheientireipopulation.iTheisampleimustihaveisufficientisizeitoiwarrantistatisticalianalysi s.
  3. TYPEiIiERROR:i ISiTHEiREJECTIONiOFiAiTRUEiNULLiHYPOTHESISi(ALSOiKNOWNiASiAi"FALSEi POSITIVE"iFINDING)
  4. TYPEiIIiERROR:i ISiFAILINGiTOiREJECTiAiFALSEiNULLiHYPOTHESISi(ALSOiKNOWNiASiAi "FALSEiNEGATIVE"iFINDING)