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PEREGRINE BUSINESS EXAM UPDATED 2025
2026 WITH ALL NEW QUESTIONS AND
EXACTLY RIGHT ANSWERS | A+ QUALITY
GUARANTEE
When a business erroneously records expenses as assets, it has violated the
measurement issue of:
A. communication
B. classification
C. valuation
D. recognition - ANSWER: B. classification
A dividend will reduce which of the following accounts?
A. Dividends
B. Retained Earnings
C. Common Stock
D. Accounts Payable - ANSWER: B. Retained Earnings
Liquidity - ANSWER: The degree to which a security can be quickly purchased or
sold in the market at a price reflecting its current value.
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Sarbanes-Oxley Act - ANSWER: Federal law that established sweeping auditing
and financial regulations for public companies. Lawmakers created the legislation
to help protect shareholders, employees and the public from accounting errors and
fraudulent financial practices.
Continually shifting back and forth between the role of speaker and listener
is______.
A. a cultural practice
B. distracting to the speaker
C. called framing
D. making smooth transitions - ANSWER: D. making smooth transitions
The real increases in organizational productivity due to information technology
come from ______.
A. the increased speed of message transfer
B. the increased volume of messages
C. the heightened awareness of cultural diversity
D. the ability to communicate in new and different ways - ANSWER: D. the
ability to communicate in new and different ways
Lying by omission involves intentionally:
A. withholding material facts.
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B. creating "noise" within the communication that knowingly confuses or deceives
the receiver.
C. using highly technical language that the receiver does not understand.
D. trying to not hurt someone's feelings. - ANSWER: A. withholding material
facts.
Conflicts of interest exist when employees must choose whether to:
A. advance their own interests, those of the organization, or those of some other
group.
B. advance the interests of the organization or those of society.
C. accept bribes.
D. carry out an assignment they perceive as unethical. - ANSWER: A. advance
their own interests, those of the organization, or those of some other group.
Civil Rights Act - ANSWER: 1964; Secured the rights of freedmen., it gave
citizenship to African- Americans
Equal Employment Opportunity - ANSWER: The equal right of all citizens to the
opportunity to obtain employment regardless of their gender, age, race, country of
origin, religion, or disabilities.
PEREGRINE BUSINESS EXAM UPDATED 2025
2026 WITH ALL NEW QUESTIONS AND
EXACTLY RIGHT ANSWERS | A+ QUALITY
GUARANTEE
When a business erroneously records expenses as assets, it has violated the
measurement issue of:
A. communication
B. classification
C. valuation
D. recognition - ANSWER: B. classification
A dividend will reduce which of the following accounts?
A. Dividends
B. Retained Earnings
C. Common Stock
D. Accounts Payable - ANSWER: B. Retained Earnings
Liquidity - ANSWER: The degree to which a security can be quickly purchased or
sold in the market at a price reflecting its current value.
,2|Page
Sarbanes-Oxley Act - ANSWER: Federal law that established sweeping auditing
and financial regulations for public companies. Lawmakers created the legislation
to help protect shareholders, employees and the public from accounting errors and
fraudulent financial practices.
Continually shifting back and forth between the role of speaker and listener
is______.
A. a cultural practice
B. distracting to the speaker
C. called framing
D. making smooth transitions - ANSWER: D. making smooth transitions
The real increases in organizational productivity due to information technology
come from ______.
A. the increased speed of message transfer
B. the increased volume of messages
C. the heightened awareness of cultural diversity
D. the ability to communicate in new and different ways - ANSWER: D. the
ability to communicate in new and different ways
Lying by omission involves intentionally:
A. withholding material facts.
, 3|Page
B. creating "noise" within the communication that knowingly confuses or deceives
the receiver.
C. using highly technical language that the receiver does not understand.
D. trying to not hurt someone's feelings. - ANSWER: A. withholding material
facts.
Conflicts of interest exist when employees must choose whether to:
A. advance their own interests, those of the organization, or those of some other
group.
B. advance the interests of the organization or those of society.
C. accept bribes.
D. carry out an assignment they perceive as unethical. - ANSWER: A. advance
their own interests, those of the organization, or those of some other group.
Civil Rights Act - ANSWER: 1964; Secured the rights of freedmen., it gave
citizenship to African- Americans
Equal Employment Opportunity - ANSWER: The equal right of all citizens to the
opportunity to obtain employment regardless of their gender, age, race, country of
origin, religion, or disabilities.
