3/29/26, 9:24 AM Peregrine Business Exam Questions and Answers (Verified Answers) Updated (Actual Exam) 2025\2026 LATEST VERSION!! Flas…
Peregrine Business Exam Questions and Answers
(Verified Answers) Updated (Actual Exam)
2025\2026 LATEST VERSION!!
Save
Terms in this set (69)
When a business erroneously B. classification
records expenses as assets, it has
violated the measurement issue of:
A. communication
B. classification
C. valuation
D. recognition
A dividend will reduce which of the B. Retained Earnings
following accounts?
A. Dividends
B. Retained Earnings
C. Common Stock
D. Accounts Payable
Liquidity The degree to which a security can be quickly
purchased or sold in the market at a price
reflecting its current value.
https://quizlet.com/1161597388/peregrine-business-exam-questions-and-answers-verified-answers-updated-actual-exam-20252026-latest-version-fla… 1/18
,3/29/26, 9:24 AM Peregrine Business Exam Questions and Answers (Verified Answers) Updated (Actual Exam) 2025\2026 LATEST VERSION!! Flas…
Sarbanes-Oxley Act 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 D. making smooth transitions
between the role of speaker and
listener is______.
A. a cultural practice
B. distracting to the speaker
C. called framing
D. making smooth transitions
The real increases in organizational D. the ability to communicate in new and different
productivity due to information ways
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
https://quizlet.com/1161597388/peregrine-business-exam-questions-and-answers-verified-answers-updated-actual-exam-20252026-latest-version-fla… 2/18
, 3/29/26, 9:24 AM Peregrine Business Exam Questions and Answers (Verified Answers) Updated (Actual Exam) 2025\2026 LATEST VERSION!! Flas…
Lying by omission involves A. withholding material facts.
intentionally:
A. withholding material facts.
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.
Conflicts of interest exist when A. advance their own interests, those of the
employees must choose whether to: organization, or those of some other group.
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.
Civil Rights Act 1964; Secured the rights of freedmen., it gave
citizenship to African- Americans
Equal Employment Opportunity The equal right of all citizens to the opportunity to
obtain employment regardless of their gender,
age, race, country of origin, religion, or disabilities.
https://quizlet.com/1161597388/peregrine-business-exam-questions-and-answers-verified-answers-updated-actual-exam-20252026-latest-version-fla… 3/18
Peregrine Business Exam Questions and Answers
(Verified Answers) Updated (Actual Exam)
2025\2026 LATEST VERSION!!
Save
Terms in this set (69)
When a business erroneously B. classification
records expenses as assets, it has
violated the measurement issue of:
A. communication
B. classification
C. valuation
D. recognition
A dividend will reduce which of the B. Retained Earnings
following accounts?
A. Dividends
B. Retained Earnings
C. Common Stock
D. Accounts Payable
Liquidity The degree to which a security can be quickly
purchased or sold in the market at a price
reflecting its current value.
https://quizlet.com/1161597388/peregrine-business-exam-questions-and-answers-verified-answers-updated-actual-exam-20252026-latest-version-fla… 1/18
,3/29/26, 9:24 AM Peregrine Business Exam Questions and Answers (Verified Answers) Updated (Actual Exam) 2025\2026 LATEST VERSION!! Flas…
Sarbanes-Oxley Act 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 D. making smooth transitions
between the role of speaker and
listener is______.
A. a cultural practice
B. distracting to the speaker
C. called framing
D. making smooth transitions
The real increases in organizational D. the ability to communicate in new and different
productivity due to information ways
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
https://quizlet.com/1161597388/peregrine-business-exam-questions-and-answers-verified-answers-updated-actual-exam-20252026-latest-version-fla… 2/18
, 3/29/26, 9:24 AM Peregrine Business Exam Questions and Answers (Verified Answers) Updated (Actual Exam) 2025\2026 LATEST VERSION!! Flas…
Lying by omission involves A. withholding material facts.
intentionally:
A. withholding material facts.
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.
Conflicts of interest exist when A. advance their own interests, those of the
employees must choose whether to: organization, or those of some other group.
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.
Civil Rights Act 1964; Secured the rights of freedmen., it gave
citizenship to African- Americans
Equal Employment Opportunity The equal right of all citizens to the opportunity to
obtain employment regardless of their gender,
age, race, country of origin, religion, or disabilities.
https://quizlet.com/1161597388/peregrine-business-exam-questions-and-answers-verified-answers-updated-actual-exam-20252026-latest-version-fla… 3/18
