1|Page
PERGRINE EXAMS 2024 (NEWEST) WITH
ACTUAL CORRECT QUESTIONS AND
VERIFIED DETAILED RATIONALES
ANSWERS 2024 ALREADY GRADED A+
The rate of unemployment is calculated as the number of:
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?
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.
George, a project manager at a publishing firm, is experiencing many stress-related symptoms. What is
the best advice an HR manager could give George?
Handle work issues immediately.
Recognize your own limitations.
Keep your problems to yourself.
Focus on making work a priority.
Recognize your own limitations
Which of the following is a category or element of the balance sheet?
Liabilities
Losses
Expenses
Gains
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Liabilities
In the context of the data component of an information system, internal data sources include _____.
economic conditions
personnel records
population statistics
government agencies
Personnel Records
According to the hot stove rule, disciplinary action should most likely occur immediately, so that the
individual _____.
Share the experience with co-workers
Have time to contact an HR manager
Understand the reason for it
Receive appropriate training opportunities
Understand the reason for it
In the context of applications of artificial intelligence (AI), _____ perform well at simple, repetitive tasks
and can be used to free workers from tedious or hazardous jobs.
data mining agents
firewalls
robots
electronic trackers
Robots
A company has two bonds that are identical except one matures in 5 years and one matures in 10 years.
If interest rates fall, what will happen to the price of the bonds?
Both will increase and the 10-year will increase more.
Both will decrease and the 5-year will decrease more.
Both will increase and the 5-year will increase more.
Both will decrease and the 10-year will decrease more.
Both will increase and the 10-year will increase more.
Any business activity, which resorts to deceitful practices or devices with the intent to deprive another
of property or other rights, or to cause economic injury.
External Fraud
Which of these actions would likely result in a lower current ratio?
,3|Page
Holding more stocks to offer better customer service.
Increasing cash by selling excess fixed assets.
Extending the time to pay suppliers
Allowing major customers more time to pay bills.
Extending the time to pay suppliers
Dave is developing a social media platform to help Saint Leo students plan events and track attendance.
Part of his persona profile includes age, gender and class year. What part of segmentation best
describes these factors?
Developmental
Demographic
Millennial
Psychographic
Quantified
Demographic
Ellen, as a manager, has always been driven by scheduling, directing group activities, planning, and
trying out new ideas. For her, meeting deadlines is critical and she always gives explicit standards of
performance. Ellen can be described as high on which of these?
Participating
Consideration
Transformation
Delegating
Delegating
The following is a payoff table giving profits for various situations.
State one: 0. / / 44
State 2 : 0. / / 33
State 3 : 0. / / 55
If a person were to use the expected monetary value criterion, what decision would be made?
Alternative 1
Alternative 2
Alternative 3
Alternative 4
Alternative 3
In the long run, the price for a perfectly competitive firm:
will equal the minimum average total cost.
will equal marginal cost where marginal cost is at a minimum.
will allow for positive economic profits.
, 4|Page
will be determined by the firm's supply and demand curves.
Will be determined by the firm's supply and demand curves?
As an example of this strategy, large fast-food chains such as McDonald's and KFC rely on the same
brand names and the same core menu items around the world, but make some concessions to local
tastes too.
Global strategy
Multidomestic strategy
Multinational strategy
Transnational strategy
Transnational strategy
_______ laws are federal and state statutes and regulations that promote product safety and prohibit
abusive, unfair, and deceptive business practices.
Consumer protection
Canon
Caveat emptor
FDCA
Consumer Protection
The World Trade Organization (WTO) is:
The only global international organization focused on negotiating the rules of trade between nations.
None of the above
A clearing house for orders of high tech, highly dangerous products from G-7 countries.
The U.S. agency that coordinates payments for countries in the Western Hemisphere.
A training organization for lesser developed nations seeking to normalize financial agreements.
The only global international organization focused on negotiating the rules of trade between nations.
Which of these is not a critical component is designing an advertising campaign
Detailed product information
Appeal type
Target audience
Objective
Message strategy
Detailed product information
In a relational database model, a _____ is a field in a relational table that matches the primary key
column of another table.
PERGRINE EXAMS 2024 (NEWEST) WITH
ACTUAL CORRECT QUESTIONS AND
VERIFIED DETAILED RATIONALES
ANSWERS 2024 ALREADY GRADED A+
The rate of unemployment is calculated as the number of:
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?
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.
George, a project manager at a publishing firm, is experiencing many stress-related symptoms. What is
the best advice an HR manager could give George?
Handle work issues immediately.
Recognize your own limitations.
Keep your problems to yourself.
Focus on making work a priority.
Recognize your own limitations
Which of the following is a category or element of the balance sheet?
Liabilities
Losses
Expenses
Gains
,2|Page
Liabilities
In the context of the data component of an information system, internal data sources include _____.
economic conditions
personnel records
population statistics
government agencies
Personnel Records
According to the hot stove rule, disciplinary action should most likely occur immediately, so that the
individual _____.
Share the experience with co-workers
Have time to contact an HR manager
Understand the reason for it
Receive appropriate training opportunities
Understand the reason for it
In the context of applications of artificial intelligence (AI), _____ perform well at simple, repetitive tasks
and can be used to free workers from tedious or hazardous jobs.
data mining agents
firewalls
robots
electronic trackers
Robots
A company has two bonds that are identical except one matures in 5 years and one matures in 10 years.
If interest rates fall, what will happen to the price of the bonds?
Both will increase and the 10-year will increase more.
Both will decrease and the 5-year will decrease more.
Both will increase and the 5-year will increase more.
Both will decrease and the 10-year will decrease more.
Both will increase and the 10-year will increase more.
Any business activity, which resorts to deceitful practices or devices with the intent to deprive another
of property or other rights, or to cause economic injury.
External Fraud
Which of these actions would likely result in a lower current ratio?
,3|Page
Holding more stocks to offer better customer service.
Increasing cash by selling excess fixed assets.
Extending the time to pay suppliers
Allowing major customers more time to pay bills.
Extending the time to pay suppliers
Dave is developing a social media platform to help Saint Leo students plan events and track attendance.
Part of his persona profile includes age, gender and class year. What part of segmentation best
describes these factors?
Developmental
Demographic
Millennial
Psychographic
Quantified
Demographic
Ellen, as a manager, has always been driven by scheduling, directing group activities, planning, and
trying out new ideas. For her, meeting deadlines is critical and she always gives explicit standards of
performance. Ellen can be described as high on which of these?
Participating
Consideration
Transformation
Delegating
Delegating
The following is a payoff table giving profits for various situations.
State one: 0. / / 44
State 2 : 0. / / 33
State 3 : 0. / / 55
If a person were to use the expected monetary value criterion, what decision would be made?
Alternative 1
Alternative 2
Alternative 3
Alternative 4
Alternative 3
In the long run, the price for a perfectly competitive firm:
will equal the minimum average total cost.
will equal marginal cost where marginal cost is at a minimum.
will allow for positive economic profits.
, 4|Page
will be determined by the firm's supply and demand curves.
Will be determined by the firm's supply and demand curves?
As an example of this strategy, large fast-food chains such as McDonald's and KFC rely on the same
brand names and the same core menu items around the world, but make some concessions to local
tastes too.
Global strategy
Multidomestic strategy
Multinational strategy
Transnational strategy
Transnational strategy
_______ laws are federal and state statutes and regulations that promote product safety and prohibit
abusive, unfair, and deceptive business practices.
Consumer protection
Canon
Caveat emptor
FDCA
Consumer Protection
The World Trade Organization (WTO) is:
The only global international organization focused on negotiating the rules of trade between nations.
None of the above
A clearing house for orders of high tech, highly dangerous products from G-7 countries.
The U.S. agency that coordinates payments for countries in the Western Hemisphere.
A training organization for lesser developed nations seeking to normalize financial agreements.
The only global international organization focused on negotiating the rules of trade between nations.
Which of these is not a critical component is designing an advertising campaign
Detailed product information
Appeal type
Target audience
Objective
Message strategy
Detailed product information
In a relational database model, a _____ is a field in a relational table that matches the primary key
column of another table.
