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PEREGRINE BUSINESS PRACTICE TEST – A REVIEW OF 200 QUESTIONS AND CORRECT ANSWERS

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Master the Peregrine Business Exam with this comprehensive practice test featuring over 200 questions and correct answers. Covering all core business disciplines tested on the Peregrine assessment: artificial intelligence systems (evolutionary model, spiral model, database vs. AI systems), strategic HR alternatives to layoffs (restricted hiring, downsizing, reduced hours vs. lowering standards), cost accounting (TFC, TVC, ATC, AFC, MC formulas), statement of cash flows (operating, investing, financing vs. depreciating), asset turnover ratio, SST (total sum of squares in regression), global vs. multidomestic vs. transnational vs. multinational strategy, cause marketing, HR functions (staffing, employee relations, product testing), LAN networks, dumping (antidumping policies, price discrimination), marginal revenue, employer branding, operating cycle (inventory to cash conversion), free cash flow (FCF), information system data components, payoff tables, supply/demand equilibrium shifts, foreign direct investment advantages, infant industry argument for tariffs, probability distributions (expected value), bandwidth, rational choice theory (marginal utility), destination retailing, reward power, unemployment rate calculation, law of diminishing marginal utility, stress management (recognizing limitations), balance sheet elements (liabilities), internal data sources (personnel records), hot stove rule (immediate discipline), robots in AI, bond price and interest rate inverse relationship (duration effect), fraud definition, current ratio impact (extending supplier payment), demographic segmentation, leadership styles (delegating), EMV/expected monetary value criterion, perfect competition long-run price, consumer protection laws, World Trade Organization (WTO), advertising campaign components (detailed product info NOT critical), foreign keys in relational databases, Title VII Civil Rights Act 1964, managerial forecasting shortcomings (aggressiveness), sales promotion characteristics (fixed-time action required). Perfect for Peregrine exam candidates, MBA students, and undergraduate business majors

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PEREGRINE BUSINESS PRACTICE TEST – A REVIEW
OF 200 QUESTIONS AND CORRECT ANSWERS




The consumer does not have to buy the product to benefit from the offer


A (n) _____ consists of programs that mimic human thought behavior in a
specific area that human specialists have solved successfully. - ANS.... -
evolutionary model
Spiral model
Artificial intelligence system
Database system


Artificial intelligence system


Which of the following is NOT a strategic alternative to laying off
employees? - ANS.... -implementing a restricted hiring policy
Downsizing the workforce
Lowering employment standards
Mandating reduced hours


Lowering Employment Standards


KJ built his taco truck out of $75,000,000 worth of titanium and duct tape.
He uses $10.25 of organic bok 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? - ANS.... -194,640
173,310
167,125
181,292


173,310


The Marketing Concept today is about what? - ANS.... -Sales
Relationships
Aggressive advertising
Price


Sales


Which of these is not a cash flow activity category in the Statement of cash
flows? - ANS.... -operating.
Investing.
Financing.
Depreciating.


Depreciating


Which one of the following statements is false? - ANS.... -TC = TFC + TVC
ATC = AFC + AVC
AFC = TFC divided by Q

, MC = TC divided by Q


AFC = TFC divided by Q


The ratio that explains how efficiently companies use their assets to
generate revenue. - ANS.... -Receivables turnover ratio
Asset turnover ratio
Income ratio
Quick ratio


Asset Turnover Ratio


The sum of the squares total (SST) - ANS.... -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.


This strategy sacrifices responsiveness to local markets in favor of
efficiency. Microsoft, for example, offers the same software programs
around the world but adjusts the programs to match local languages. -
ANS.... -Multinational strategy
Global strategy
Transnational strategy
Multidomestic strategy

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