Peregrine Exam Questions with Correct Answer

Peregrine Exam Questions with Correct Answer Outdoor World has everything any hunter or fisherman could want, all under one roof including a display of hunting trophies and a swimming pool full of bass to test fishing gear. What kind of retailer is Outdoor World? - Answer-Socially conscious retailing NRA retailing Gender targeted retailing Micro target retailing Destination retailing Destination retailing Jack has the power to give a bonus the employees to achieve a certain level of performance. This is an example of: - Answer-Legitimate power Reward power Expert power Referent power Reward Power The rate of unemployment is calculated as the number of: - Answer-unemployed workers divided by the number of employed workers. people in the civilian labor force divided by the number of unemployed. employed workers divided by the number of unemployed workers. unemployed divided by the number of people in the civilian labor force. unemployed divided by the number of people in the civilian labor force. On a hot summer day, a construction worker enters a McDonald's fast-food restaurant. He orders the first Big Mac. He consumes it within 3 minutes. He then orders a second Big Mac and consumes it in 10 minutes. He eats only half of the third one in 18 minutes and throws away the rest. The store manager offers him the fourth for free. The construction worker says: "No thanks." Why? - Answer-For the construction worker, total utility increased at an increasing rate. Marginal utility increased at an increasing rate. Marginal utility declined as he consumed additional Big Macs. The law of diminishing marginal utility does not apply to consumption of Big Macs. Marginal utility declined as he consumed additional Big Macs.