Peregrine Business Exam Actual 2026
Questions Merged With Correct
Complete Solutions || Already Graded
A+ || 2026 Latest Update!!!
When a business erroneously records expenses as assets, it has
violated the measurement issue of:
A. communication
B. classification
C. valuation
D. recognition - ANSWER-B. classification
A dividend will reduce which of the following accounts?
A. Dividends
B. Retained Earnings
C. Common Stock
,D. Accounts Payable - ANSWER-B. Retained Earnings
Liquidity - ANSWER-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 - ANSWER-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 - ANSWER-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 - ANSWER-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. - ANSWER-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. - ANSWER-A.
advance their own interests, those of the organization, or those of
some other group.
Civil Rights Act - ANSWER-1964; Secured the rights of freedmen., it
gave citizenship to African- Americans
Equal Employment Opportunity - ANSWER-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 - ANSWER-Activity of a person, often an employee,
revealing information about activity within a private or public
Questions Merged With Correct
Complete Solutions || Already Graded
A+ || 2026 Latest Update!!!
When a business erroneously records expenses as assets, it has
violated the measurement issue of:
A. communication
B. classification
C. valuation
D. recognition - ANSWER-B. classification
A dividend will reduce which of the following accounts?
A. Dividends
B. Retained Earnings
C. Common Stock
,D. Accounts Payable - ANSWER-B. Retained Earnings
Liquidity - ANSWER-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 - ANSWER-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 - ANSWER-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 - ANSWER-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. - ANSWER-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. - ANSWER-A.
advance their own interests, those of the organization, or those of
some other group.
Civil Rights Act - ANSWER-1964; Secured the rights of freedmen., it
gave citizenship to African- Americans
Equal Employment Opportunity - ANSWER-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 - ANSWER-Activity of a person, often an employee,
revealing information about activity within a private or public
