PEREGRINE
PRACTICE EXAM QUESTIONS
WITH CORRECT DETAILED
ANSWERS | ALREADY GRADED
A+<RECENT VERSION>
1) Which of the following is not a strategic alternative to laying off
employees? - answer implementing a restricted hiring policy
Downsizing the workforce
Lowering employment standards
Mandating reduced hours
Lowering employment standards
2) Kj built his taco truck out of $75,000,000 worth of titanium and duct tape.
He uses $10.25 of organic book 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
3) The marketing concept today is about what? - answer sales
Relationships
Aggressive advertising
Price
Sales
,4) Which of these is not a cash flow activity category in the statement of
cash flows? - answer operating.
Investing.
Financing.
5) 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
6) 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
7) 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.
8) This strategy sacrifices responsiveness to local markets in favour 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
9) Another time around helps young inner city kids develop products they
can make and sell to earn money for college. What concept best describes
this? - answer the marketing mix
Cause marketing
Benevolent advertising
A tax deduction
Corporate charitable marketing
None of the above.
10) Dumping is considered: - answer repackaging a product
currently being sold in a foreign country.
Collecting and destroying products before they contaminate the market
for the brand.
The sale of an exported product at a price lower than that charged for the
same or a like product in the "home" market of the exporter.
Offering a bribe to a foreign official for the purposes of opening markets.
Combining a poorly selling product with a new product.
The sale of an exported product at a price lower than that charged for the
same or a like product in the "home" market of the exporter.
11) Marginal revenue is equal to: - answer the change in total
revenue associated with a change in quantity.
Marginal cost.
The change in total profits associated with a change in quantity.
Total revenue divided by its output.
Marginal cost
12) The primary purpose of employer branding is to ________. -
answer promote employee benefits
Encourage mentions in social media.
Attract quality employees
Sell consumer products
, Attract quality employees
13) The days required for a business to receive inventory, sell the
inventory, and collect cash from the sale of the inventory. - answer
inventory period
Operating cycle
Accounts receivable period
Accounting period
Operating cycle
14) Which of the following statements is correct? - answer two
firms with identical sales and operating costs but with different amounts
of debt and tax rates will have different operating incomes by definition.
If a firm is reporting its income in accordance with generally accepted
accounting principles, then its net income as reported on the income
statement should be equal to its free cash flow.
After-tax operating income is calculated as ebit(1 - t) + depreciation.
Free cash flow (fcf) is, essentially, the cash flow that is available for
interest and dividends after the company has made the investments in
current and fixed assets that are necessary to sustain ongoing operations.
Free cash flow (fcf) is, essentially, the cash flow that is available for
interest and dividends after the company has made the investments in
current and fixed assets that are necessary to sustain ongoing operations.
15) The data component of an information system is: - answer a set
of facts that have been analyzed by the process component
A series of integrated files containing relevant facts
The input to the information system
The output of the information system
PRACTICE EXAM QUESTIONS
WITH CORRECT DETAILED
ANSWERS | ALREADY GRADED
A+<RECENT VERSION>
1) Which of the following is not a strategic alternative to laying off
employees? - answer implementing a restricted hiring policy
Downsizing the workforce
Lowering employment standards
Mandating reduced hours
Lowering employment standards
2) Kj built his taco truck out of $75,000,000 worth of titanium and duct tape.
He uses $10.25 of organic book 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
3) The marketing concept today is about what? - answer sales
Relationships
Aggressive advertising
Price
Sales
,4) Which of these is not a cash flow activity category in the statement of
cash flows? - answer operating.
Investing.
Financing.
5) 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
6) 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
7) 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.
8) This strategy sacrifices responsiveness to local markets in favour 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
9) Another time around helps young inner city kids develop products they
can make and sell to earn money for college. What concept best describes
this? - answer the marketing mix
Cause marketing
Benevolent advertising
A tax deduction
Corporate charitable marketing
None of the above.
10) Dumping is considered: - answer repackaging a product
currently being sold in a foreign country.
Collecting and destroying products before they contaminate the market
for the brand.
The sale of an exported product at a price lower than that charged for the
same or a like product in the "home" market of the exporter.
Offering a bribe to a foreign official for the purposes of opening markets.
Combining a poorly selling product with a new product.
The sale of an exported product at a price lower than that charged for the
same or a like product in the "home" market of the exporter.
11) Marginal revenue is equal to: - answer the change in total
revenue associated with a change in quantity.
Marginal cost.
The change in total profits associated with a change in quantity.
Total revenue divided by its output.
Marginal cost
12) The primary purpose of employer branding is to ________. -
answer promote employee benefits
Encourage mentions in social media.
Attract quality employees
Sell consumer products
, Attract quality employees
13) The days required for a business to receive inventory, sell the
inventory, and collect cash from the sale of the inventory. - answer
inventory period
Operating cycle
Accounts receivable period
Accounting period
Operating cycle
14) Which of the following statements is correct? - answer two
firms with identical sales and operating costs but with different amounts
of debt and tax rates will have different operating incomes by definition.
If a firm is reporting its income in accordance with generally accepted
accounting principles, then its net income as reported on the income
statement should be equal to its free cash flow.
After-tax operating income is calculated as ebit(1 - t) + depreciation.
Free cash flow (fcf) is, essentially, the cash flow that is available for
interest and dividends after the company has made the investments in
current and fixed assets that are necessary to sustain ongoing operations.
Free cash flow (fcf) is, essentially, the cash flow that is available for
interest and dividends after the company has made the investments in
current and fixed assets that are necessary to sustain ongoing operations.
15) The data component of an information system is: - answer a set
of facts that have been analyzed by the process component
A series of integrated files containing relevant facts
The input to the information system
The output of the information system
