Peregrine Exam Questions With 100% Verified Answers
Graded A+
When the costs of supplies increase in an industry, the low cost leader_____
is the only firm able to pay the higher prices and continue to earn average or above
average returns
Accounts Payable
current liability account in which a company records the amounts it owes to suppliers or
vendors for goods or services that it recieved on credit
accounts receivable
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
what is the cost of goods sold?
the total cost of merchandise sold during a period
owners equity
one of the three main sections of a sole proprietorship's balance sheet
cash
includes the following: currency and coins, checks received from customers but not yet
deposited, checking accounts, and petty cash
cash equivalents
short-term high liquidity investments with a maturity date that was 3 months or less at
the time of purchase. Ex) money market accounts, U.S. Treasury Bills, and commercial
paper
when a business erroneously records expenses as assets, it has violated the
measurement of _____
classification
lying by omission involves intentionally
withholding material facts
The Federal Highway Administration uses notice-and-comment rulemaking. this
process begins with
the publication of a notice of proposed rulemaking
one way human resource planning links to strategic planning is by providing a
set of inputs into the ______
strategy formulation process
which of the following is not one of W. Edwards Deming's 14 points?
the only performance standard is zero defects
operating statement is another name for the ______
Income Statement
Purchases, returns and allowances, and purchase discounts are classified as
_______ on the income statement
contra-cost accounts
law of supply
states that the quantity of a good supplied (I.E. the amount owners or producers offer
for sale) rises as the market price rises, and falls as the price falls
population sampling
Graded A+
When the costs of supplies increase in an industry, the low cost leader_____
is the only firm able to pay the higher prices and continue to earn average or above
average returns
Accounts Payable
current liability account in which a company records the amounts it owes to suppliers or
vendors for goods or services that it recieved on credit
accounts receivable
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
what is the cost of goods sold?
the total cost of merchandise sold during a period
owners equity
one of the three main sections of a sole proprietorship's balance sheet
cash
includes the following: currency and coins, checks received from customers but not yet
deposited, checking accounts, and petty cash
cash equivalents
short-term high liquidity investments with a maturity date that was 3 months or less at
the time of purchase. Ex) money market accounts, U.S. Treasury Bills, and commercial
paper
when a business erroneously records expenses as assets, it has violated the
measurement of _____
classification
lying by omission involves intentionally
withholding material facts
The Federal Highway Administration uses notice-and-comment rulemaking. this
process begins with
the publication of a notice of proposed rulemaking
one way human resource planning links to strategic planning is by providing a
set of inputs into the ______
strategy formulation process
which of the following is not one of W. Edwards Deming's 14 points?
the only performance standard is zero defects
operating statement is another name for the ______
Income Statement
Purchases, returns and allowances, and purchase discounts are classified as
_______ on the income statement
contra-cost accounts
law of supply
states that the quantity of a good supplied (I.E. the amount owners or producers offer
for sale) rises as the market price rises, and falls as the price falls
population sampling
