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Title
Peregrine Exam
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Peregrine Exam
TERM ENGLISH
Peregrine Exam (often called the Peregrine Business Exam or Major Field Test),
administered by Peregrine Global Services, is a standardized assessment used by Image
colleges and universities to evaluate student learning outcomes in business and
management programs, particularly at the undergraduate and MBA levels. The exam
, measures broad competency across core business disciplines, including accounting,
finance, marketing, management, economics, business statistics, operations
management, information systems, and business law and ethics, as well as strategic and
global business concepts. It is typically used as a pre-test and post-test tool to assess
academic program effectiveness rather than individual student licensing or certification.
Questions are multiple-choice and concept-driven, often requiring application of
knowledge to business scenarios such as financial analysis, market strategy decisions,
organizational behavior situations, and ethical dilemmas. For preparation, students
should review foundational business principles across all major disciplines, practice
interpreting data and case-based questions, and strengthen their understanding of
integrated business decision-making and strategic thinking across functional areas.
DEFINITION ENGLISH
Add multiple choice options
2
What is the difference between accounts payable and accounts receivable?
TERM
Accounts payable is a current liability account in which a company records the amounts
it owes to suppliers or vendors for goods or services that it received on credit. Image
, Accounts receivable is a current asset account in which a company records the amounts
it has a right to collect from customers who received goods or services on credit.
DEFINITION
3
What is the cost of goods sold?
TERM
The cost of goods sold is the cost of the products that a retailer, distributor, or
manufacturer has sold. Image
DEFINITION
4
What is owner's equity?
TERM
Owner's equity is one of the three main sections of a sole proprietorship's balance sheet
and one of the components of the accounting equation: Assets = Liabilities + Owner's Image
, Equity.
DEFINITION
5
What is principles of accounting?
TERM
Principles of accounting can also refer to the basic or fundamental accounting
principles: cost principles, matching principles, full disclosure principles, materiality Image
principles, going concern principles, economic entity principles, and so on. In this
context, principles of accounting refers to the broad underlying concepts which guide
accountants when preparing financial statements.
DEFINITION
6
What is equity?
TERM
Title
Peregrine Exam
Add a description...
Flip terms and definitions
1
Create a new flashcard set Create
Peregrine Exam
TERM ENGLISH
Peregrine Exam (often called the Peregrine Business Exam or Major Field Test),
administered by Peregrine Global Services, is a standardized assessment used by Image
colleges and universities to evaluate student learning outcomes in business and
management programs, particularly at the undergraduate and MBA levels. The exam
, measures broad competency across core business disciplines, including accounting,
finance, marketing, management, economics, business statistics, operations
management, information systems, and business law and ethics, as well as strategic and
global business concepts. It is typically used as a pre-test and post-test tool to assess
academic program effectiveness rather than individual student licensing or certification.
Questions are multiple-choice and concept-driven, often requiring application of
knowledge to business scenarios such as financial analysis, market strategy decisions,
organizational behavior situations, and ethical dilemmas. For preparation, students
should review foundational business principles across all major disciplines, practice
interpreting data and case-based questions, and strengthen their understanding of
integrated business decision-making and strategic thinking across functional areas.
DEFINITION ENGLISH
Add multiple choice options
2
What is the difference between accounts payable and accounts receivable?
TERM
Accounts payable is a current liability account in which a company records the amounts
it owes to suppliers or vendors for goods or services that it received on credit. Image
, Accounts receivable is a current asset account in which a company records the amounts
it has a right to collect from customers who received goods or services on credit.
DEFINITION
3
What is the cost of goods sold?
TERM
The cost of goods sold is the cost of the products that a retailer, distributor, or
manufacturer has sold. Image
DEFINITION
4
What is owner's equity?
TERM
Owner's equity is one of the three main sections of a sole proprietorship's balance sheet
and one of the components of the accounting equation: Assets = Liabilities + Owner's Image
, Equity.
DEFINITION
5
What is principles of accounting?
TERM
Principles of accounting can also refer to the basic or fundamental accounting
principles: cost principles, matching principles, full disclosure principles, materiality Image
principles, going concern principles, economic entity principles, and so on. In this
context, principles of accounting refers to the broad underlying concepts which guide
accountants when preparing financial statements.
DEFINITION
6
What is equity?
TERM
