PEREGRINE COMPREHENSIVE EXAM UPDATED
QUESTIONS AND ANSWERS SURE A+
✔✔A suit for negligence must prove four elements: duty of care, breach of duty,
proximate cause and - ✔✔Actual harm
✔✔Financial Regulation - ✔✔is a form of regulation or supervision, which subjects
financial institutions to certain requirements, restrictions and guidelines, aiming to
maintain the integrity of the financial system. This may be handled by either a
government or non-government organization.
✔✔THE FTC'S BUREAU OF CONSUMER PROTECTION - ✔✔STOPS UNFAIR,
DECEPTIVE AND FRAUDULENT BUSINESS PRACTICES BY COLLECTING
COMPLAINTS AND CONDUCTING INVESTIGATIONS, SUING COMPANIES AND
PEOPLE THAT BREAK THE LAW, DEVELOPING RULES TO MAINTAIN A FAIR
MARKETPLACE, AND EDUCATING CONSUMERS AND BUSINESSES ABOUT
THEIR RIGHTS AND RESPONSIBILITIES.
✔✔6 BASIC RIGHTS OF CONSUMERS - ✔✔right to safety, right to be informed, right
to choose, right to be heard, right to consumer education, right to courteous service
✔✔Corporate culture is shown - ✔✔(1) the ways the organization conducts its business,
treats its employees, customers, and the wider community, (2) the extent to which
, freedom is allowed in decision making, developing new ideas, and personal expression,
(3) how power and information flow through its hierarchy, and (4) how committed
employees are towards collective objectives. It affects the organization's productivity
and performance, and provides guidelines on customer care and service, product
quality and safety, attendance and punctuality, and concern for the environment.
Source
✔✔5 Functions of HRM - ✔✔1. Recruitment and Selection 2. Orientation 3. Maintaining
good working conditions 4. Managing employee relations 5. Training and Development
✔✔Individual and Group Dynamics - ✔✔Interaction of complex intra- and inter-personal
forces operating in a group which determine its character, development, and long-term
survival.
Field of study concerned with determination of laws underlying group behavior.
✔✔Population Sampling - ✔✔is the process of taking a subset of subjects that is
representative of the entire population. The sample must have sufficient size to warrant
statistical analysis.
✔✔TYPE I ERROR - ✔✔IS THE REJECTION OF A TRUE NULL HYPOTHESIS (ALSO
KNOWN AS A "FALSE POSITIVE" FINDING)
✔✔TYPE II ERROR - ✔✔IS FAILING TO REJECT A FALSE NULL HYPOTHESIS
(ALSO KNOWN AS A "FALSE NEGATIVE" FINDING)
✔✔ What is a general ledger? - ✔✔A general ledger account is an account or record
used to sort, store and summarize a company's transactions.
asset accounts such as Cash, Accounts Receivable, Inventory, Investments, Land, and
Equipment
liability accounts including Notes Payable, Accounts Payable, Accrued Expenses
Payable, and Customer Deposits
stockholders' equity accounts such as Common Stock, Retained Earnings, Treasury
Stock, and Accumulated Other Comprehensive Income
✔✔What is the difference between accounts payable and accounts receivable? -
✔✔Accounts payable is a current liability account in which a company records the
amounts it owes to suppliers or vendors for goods or services that it received on credit.
Accounts receivable is a current asset account in which a company records the
amounts it has a right to collect from customers who received goods or services on
credit.
QUESTIONS AND ANSWERS SURE A+
✔✔A suit for negligence must prove four elements: duty of care, breach of duty,
proximate cause and - ✔✔Actual harm
✔✔Financial Regulation - ✔✔is a form of regulation or supervision, which subjects
financial institutions to certain requirements, restrictions and guidelines, aiming to
maintain the integrity of the financial system. This may be handled by either a
government or non-government organization.
✔✔THE FTC'S BUREAU OF CONSUMER PROTECTION - ✔✔STOPS UNFAIR,
DECEPTIVE AND FRAUDULENT BUSINESS PRACTICES BY COLLECTING
COMPLAINTS AND CONDUCTING INVESTIGATIONS, SUING COMPANIES AND
PEOPLE THAT BREAK THE LAW, DEVELOPING RULES TO MAINTAIN A FAIR
MARKETPLACE, AND EDUCATING CONSUMERS AND BUSINESSES ABOUT
THEIR RIGHTS AND RESPONSIBILITIES.
✔✔6 BASIC RIGHTS OF CONSUMERS - ✔✔right to safety, right to be informed, right
to choose, right to be heard, right to consumer education, right to courteous service
✔✔Corporate culture is shown - ✔✔(1) the ways the organization conducts its business,
treats its employees, customers, and the wider community, (2) the extent to which
, freedom is allowed in decision making, developing new ideas, and personal expression,
(3) how power and information flow through its hierarchy, and (4) how committed
employees are towards collective objectives. It affects the organization's productivity
and performance, and provides guidelines on customer care and service, product
quality and safety, attendance and punctuality, and concern for the environment.
Source
✔✔5 Functions of HRM - ✔✔1. Recruitment and Selection 2. Orientation 3. Maintaining
good working conditions 4. Managing employee relations 5. Training and Development
✔✔Individual and Group Dynamics - ✔✔Interaction of complex intra- and inter-personal
forces operating in a group which determine its character, development, and long-term
survival.
Field of study concerned with determination of laws underlying group behavior.
✔✔Population Sampling - ✔✔is the process of taking a subset of subjects that is
representative of the entire population. The sample must have sufficient size to warrant
statistical analysis.
✔✔TYPE I ERROR - ✔✔IS THE REJECTION OF A TRUE NULL HYPOTHESIS (ALSO
KNOWN AS A "FALSE POSITIVE" FINDING)
✔✔TYPE II ERROR - ✔✔IS FAILING TO REJECT A FALSE NULL HYPOTHESIS
(ALSO KNOWN AS A "FALSE NEGATIVE" FINDING)
✔✔ What is a general ledger? - ✔✔A general ledger account is an account or record
used to sort, store and summarize a company's transactions.
asset accounts such as Cash, Accounts Receivable, Inventory, Investments, Land, and
Equipment
liability accounts including Notes Payable, Accounts Payable, Accrued Expenses
Payable, and Customer Deposits
stockholders' equity accounts such as Common Stock, Retained Earnings, Treasury
Stock, and Accumulated Other Comprehensive Income
✔✔What is the difference between accounts payable and accounts receivable? -
✔✔Accounts payable is a current liability account in which a company records the
amounts it owes to suppliers or vendors for goods or services that it received on credit.
Accounts receivable is a current asset account in which a company records the
amounts it has a right to collect from customers who received goods or services on
credit.
