PEREGRINE COMPREHENSIVE EXAM
STUDY GUIDE WITH COMPLETE
SOLUTIONS
●● KJ built his taco truck out of $75,000,000 worth of titanium and duct
tape. He uses $10.25 of organic bok choy, $6.75 of Wisconsin cheddar
cheese, and $25.25 of foie gras in each taco. If he sells tacos at $475
each, what is his break-even quantity?
Answer: 194,640
173,310
167,125
181,292
173,310
●● The Marketing Concept today is about what?
Answer: Sales
Relationships
Aggressive advertising
Price
Sales
,●● Which of these is not a cash flow activity category in the Statement
of cash flows?
Answer: operating.
investing.
financing.
depreciating.
Depreciating
●● Which one of the following statements is false?
Answer: TC = TFC + TVC
ATC = AFC + AVC
AFC = TFC divided by Q
MC = TC divided by Q
AFC = TFC divided by Q
●● The ratio that explains how efficiently companies use their assets to
generate revenue.
Answer: Receivables turnover ratio
Asset turnover ratio
Income ratio
, Quick ratio
Asset Turnover Ratio
●● The sum of the squares total (SST)
Answer: measures the total variability in X about the mean.
measures the total variability in Y about the mean.
measures the variability in X about the regression line.
measures the variability in Y about the regression line.
Measures the variability in Y about the regression line.
●● This strategy sacrifices responsiveness to local markets in favor of
efficiency. Microsoft, for example, offers the same software programs
around the world but adjusts the programs to match local languages.
Answer: Multinational strategy
Global strategy
Transnational strategy
Multidomestic strategy
Global
STUDY GUIDE WITH COMPLETE
SOLUTIONS
●● KJ built his taco truck out of $75,000,000 worth of titanium and duct
tape. He uses $10.25 of organic bok choy, $6.75 of Wisconsin cheddar
cheese, and $25.25 of foie gras in each taco. If he sells tacos at $475
each, what is his break-even quantity?
Answer: 194,640
173,310
167,125
181,292
173,310
●● The Marketing Concept today is about what?
Answer: Sales
Relationships
Aggressive advertising
Price
Sales
,●● Which of these is not a cash flow activity category in the Statement
of cash flows?
Answer: operating.
investing.
financing.
depreciating.
Depreciating
●● Which one of the following statements is false?
Answer: TC = TFC + TVC
ATC = AFC + AVC
AFC = TFC divided by Q
MC = TC divided by Q
AFC = TFC divided by Q
●● The ratio that explains how efficiently companies use their assets to
generate revenue.
Answer: Receivables turnover ratio
Asset turnover ratio
Income ratio
, Quick ratio
Asset Turnover Ratio
●● The sum of the squares total (SST)
Answer: measures the total variability in X about the mean.
measures the total variability in Y about the mean.
measures the variability in X about the regression line.
measures the variability in Y about the regression line.
Measures the variability in Y about the regression line.
●● This strategy sacrifices responsiveness to local markets in favor of
efficiency. Microsoft, for example, offers the same software programs
around the world but adjusts the programs to match local languages.
Answer: Multinational strategy
Global strategy
Transnational strategy
Multidomestic strategy
Global
