PEREGRINE BUSINESS EXAM WITH VERIFIED QUESTIONS
AND ANSWERS | NEW AND UPDATED 2026 !!! |GRADED
A+//
When a business erroneously records expenses as assets, it has violated
the measurement issue of:
A. communication
B. classification
C. valuation
D. recognition
B. classification
A dividend will reduce which of the following accounts?
A. Dividends
B. Retained Earnings
C. Common Stock
D. Accounts Payable
B. Retained Earnings
Liquidity
The degree to which a security can be quickly purchased or sold in the
market at a price reflecting its current value.
Sarbanes-Oxley Act
,Federal law that established sweeping auditing and financial regulations
for public companies. Lawmakers created the legislation to help protect
shareholders, employees and the public from accounting errors and
fraudulent financial practices.
Continually shifting back and forth between the role of speaker and
listener is______.
A. a cultural practice
B. distracting to the speaker
C. called framing
D. making smooth transitions
D. making smooth transitions
The real increases in organizational productivity due to information
technology come from ______.
A. the increased speed of message transfer
B. the increased volume of messages
C. the heightened awareness of cultural diversity
D. the ability to communicate in new and different ways
D. the ability to communicate in new and different ways
Lying by omission involves intentionally:
A. withholding material facts.
B. creating "noise" within the communication that knowingly confuses
or deceives the receiver.
C. using highly technical language that the receiver does not
, understand.
D. trying to not hurt someone's feelings.
A. withholding material facts.
Conflicts of interest exist when employees must choose whether to:
A. advance their own interests, those of the organization, or those of
some other group.
B. advance the interests of the organization or those of society.
C. accept bribes.
D. carry out an assignment they perceive as unethical.
A. advance their own interests, those of the organization, or those of
some other group.
Civil Rights Act
1964; Secured the rights of freedmen., it gave citizenship to African-
Americans
Equal Employment Opportunity
The equal right of all citizens to the opportunity to obtain employment
regardless of their gender, age, race, country of origin, religion, or
disabilities.
Whistleblowing
Activity of a person, often an employee, revealing information about
activity within a private or public organization that is deemed illegal,
immoral, illicit, unsafe or fraudulent.
Group Think
AND ANSWERS | NEW AND UPDATED 2026 !!! |GRADED
A+//
When a business erroneously records expenses as assets, it has violated
the measurement issue of:
A. communication
B. classification
C. valuation
D. recognition
B. classification
A dividend will reduce which of the following accounts?
A. Dividends
B. Retained Earnings
C. Common Stock
D. Accounts Payable
B. Retained Earnings
Liquidity
The degree to which a security can be quickly purchased or sold in the
market at a price reflecting its current value.
Sarbanes-Oxley Act
,Federal law that established sweeping auditing and financial regulations
for public companies. Lawmakers created the legislation to help protect
shareholders, employees and the public from accounting errors and
fraudulent financial practices.
Continually shifting back and forth between the role of speaker and
listener is______.
A. a cultural practice
B. distracting to the speaker
C. called framing
D. making smooth transitions
D. making smooth transitions
The real increases in organizational productivity due to information
technology come from ______.
A. the increased speed of message transfer
B. the increased volume of messages
C. the heightened awareness of cultural diversity
D. the ability to communicate in new and different ways
D. the ability to communicate in new and different ways
Lying by omission involves intentionally:
A. withholding material facts.
B. creating "noise" within the communication that knowingly confuses
or deceives the receiver.
C. using highly technical language that the receiver does not
, understand.
D. trying to not hurt someone's feelings.
A. withholding material facts.
Conflicts of interest exist when employees must choose whether to:
A. advance their own interests, those of the organization, or those of
some other group.
B. advance the interests of the organization or those of society.
C. accept bribes.
D. carry out an assignment they perceive as unethical.
A. advance their own interests, those of the organization, or those of
some other group.
Civil Rights Act
1964; Secured the rights of freedmen., it gave citizenship to African-
Americans
Equal Employment Opportunity
The equal right of all citizens to the opportunity to obtain employment
regardless of their gender, age, race, country of origin, religion, or
disabilities.
Whistleblowing
Activity of a person, often an employee, revealing information about
activity within a private or public organization that is deemed illegal,
immoral, illicit, unsafe or fraudulent.
Group Think
