PEREGRINE UPDATED EXAMS TEST PAPER
QUESTIONS AND ANSWERS SURE A+
✔✔the last step in preparing a worksheet is ______ - ✔✔total the income and balance
sheet items to compute net income (loss)
✔✔mission statement - ✔✔defines the company's business, its objectives and its
approach to reach those objectives
✔✔vision statement - ✔✔describes the desired future position of the company
✔✔corporate structure - ✔✔a board of directors, officers, employees,
shareholders/owners, an internal configuration of the functional areas of a business
✔✔corporate governance - ✔✔The role of a corporation's executive staff and board of
directors in ensuring that the firm's activities meet the goals of the firm's stakeholders
✔✔GDP Calculation - ✔✔GDP = Spending by consumers + investment by businesses +
government spending + (exports - Imports)
✔✔GDP - ✔✔the total market value of all final goods and services produced annually in
an economy
QUESTIONS AND ANSWERS SURE A+
✔✔the last step in preparing a worksheet is ______ - ✔✔total the income and balance
sheet items to compute net income (loss)
✔✔mission statement - ✔✔defines the company's business, its objectives and its
approach to reach those objectives
✔✔vision statement - ✔✔describes the desired future position of the company
✔✔corporate structure - ✔✔a board of directors, officers, employees,
shareholders/owners, an internal configuration of the functional areas of a business
✔✔corporate governance - ✔✔The role of a corporation's executive staff and board of
directors in ensuring that the firm's activities meet the goals of the firm's stakeholders
✔✔GDP Calculation - ✔✔GDP = Spending by consumers + investment by businesses +
government spending + (exports - Imports)
✔✔GDP - ✔✔the total market value of all final goods and services produced annually in
an economy
