PEREGRINE STUDY EXAM 2026 QUESTIONS AND ANSWERS
SURE A+
✔✔n June 2015, American steel companies United States Steel Corp., Nucor Corp.,
Steel Dynamics Inc., ArcelorMittal USA, AK Steel Corp., and California Steel Industries
filed a complaint with the Department of Commerce and the ITC alleging that China
(and other countries) were selling steel in the U.S. market at prices lower than their own
markets. This practice is known as - ✔✔Tacit collusion
Collusion
Price fixing
Dumping
Dumping
✔✔Dumping is considered: - ✔✔Repackaging a product currently being sold in a
foreign country.
Collecting and destroying products before they contaminate the market for the brand.
The sale of an exported product at a price lower than that charged for the same or a like
product in the "home" market of the exporter.
Offering a bribe to a foreign official for the purposes of opening markets.
Combining a poorly selling product with a new product.
The sale of an exported product at a price lower than that charged for the same or a like
product in the "home" market of the exporter.
✔✔Marginal revenue is equal to: - ✔✔the change in total revenue associated with a
change in quantity.
marginal cost.
the change in total profits associated with a change in quantity.
total revenue divided by its output.
Marginal cost
✔✔The primary purpose of employer branding is to ________. - ✔✔promote employee
benefits
encourage mentions in social media.
attract quality employees
sell consumer products
attract quality employees
✔✔The days required for a business to receive inventory, sell the inventory, and collect
cash from the sale of the inventory. - ✔✔Inventory period
Operating cycle
Accounts receivable period
, Accounting period
operating cycle
✔✔Which of the following statements is CORRECT? - ✔✔Two firms with identical sales
and operating costs but with different amounts of debt and tax rates will have different
operating incomes by definition.
If a firm is reporting its income in accordance with generally accepted accounting
principles, then its net income as reported on the income statement should be equal to
its free cash flow.
After-tax operating income is calculated as EBIT(1 - T) + Depreciation.
Free cash flow (FCF) is, essentially, the cash flow that is available for interest and
dividends after the company has made the investments in current and fixed assets that
are necessary to sustain ongoing operations.
Free cash flow (FCF) is, essentially, the cash flow that is available for interest and
dividends after the company has made the investments in current and fixed assets that
are necessary to sustain ongoing operations.
✔✔The data component of an information system is: - ✔✔a set of facts that have been
analyzed by the process component
a series of integrated files containing relevant facts
the input to the information system
the output of the information system
a series of integrated files containing relevant facts
✔✔Another name for a decision table is a - ✔✔payout table.
payoff table.
payment table.
pay-up table.
Payoff table
✔✔In the automobile industry, workers have just negotiated a new contract giving
workers a large raise. There has also been an increase in the number of licensed
drivers who are in the market for a new car. In the market for new automobiles, the
effects that these changes will have on the equilibrium price and quantity include: -
✔✔price will increase, and quantity will decrease.
price will decrease, and the effect on quantity is indeterminate.
price will decrease, and quantity will increase.
price will increase, and the effect on quantity is indeterminate.
SURE A+
✔✔n June 2015, American steel companies United States Steel Corp., Nucor Corp.,
Steel Dynamics Inc., ArcelorMittal USA, AK Steel Corp., and California Steel Industries
filed a complaint with the Department of Commerce and the ITC alleging that China
(and other countries) were selling steel in the U.S. market at prices lower than their own
markets. This practice is known as - ✔✔Tacit collusion
Collusion
Price fixing
Dumping
Dumping
✔✔Dumping is considered: - ✔✔Repackaging a product currently being sold in a
foreign country.
Collecting and destroying products before they contaminate the market for the brand.
The sale of an exported product at a price lower than that charged for the same or a like
product in the "home" market of the exporter.
Offering a bribe to a foreign official for the purposes of opening markets.
Combining a poorly selling product with a new product.
The sale of an exported product at a price lower than that charged for the same or a like
product in the "home" market of the exporter.
✔✔Marginal revenue is equal to: - ✔✔the change in total revenue associated with a
change in quantity.
marginal cost.
the change in total profits associated with a change in quantity.
total revenue divided by its output.
Marginal cost
✔✔The primary purpose of employer branding is to ________. - ✔✔promote employee
benefits
encourage mentions in social media.
attract quality employees
sell consumer products
attract quality employees
✔✔The days required for a business to receive inventory, sell the inventory, and collect
cash from the sale of the inventory. - ✔✔Inventory period
Operating cycle
Accounts receivable period
, Accounting period
operating cycle
✔✔Which of the following statements is CORRECT? - ✔✔Two firms with identical sales
and operating costs but with different amounts of debt and tax rates will have different
operating incomes by definition.
If a firm is reporting its income in accordance with generally accepted accounting
principles, then its net income as reported on the income statement should be equal to
its free cash flow.
After-tax operating income is calculated as EBIT(1 - T) + Depreciation.
Free cash flow (FCF) is, essentially, the cash flow that is available for interest and
dividends after the company has made the investments in current and fixed assets that
are necessary to sustain ongoing operations.
Free cash flow (FCF) is, essentially, the cash flow that is available for interest and
dividends after the company has made the investments in current and fixed assets that
are necessary to sustain ongoing operations.
✔✔The data component of an information system is: - ✔✔a set of facts that have been
analyzed by the process component
a series of integrated files containing relevant facts
the input to the information system
the output of the information system
a series of integrated files containing relevant facts
✔✔Another name for a decision table is a - ✔✔payout table.
payoff table.
payment table.
pay-up table.
Payoff table
✔✔In the automobile industry, workers have just negotiated a new contract giving
workers a large raise. There has also been an increase in the number of licensed
drivers who are in the market for a new car. In the market for new automobiles, the
effects that these changes will have on the equilibrium price and quantity include: -
✔✔price will increase, and quantity will decrease.
price will decrease, and the effect on quantity is indeterminate.
price will decrease, and quantity will increase.
price will increase, and the effect on quantity is indeterminate.
