Peregrine Business Exam UPDATED ACTUAL
Questions and CORRECT Answers | A+ Verified |
2026
• 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.
Questions and CORRECT Answers | A+ Verified |
2026
• 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.
