PEREGRINE TESTS COMPILATION BUNDLE

What is a general ledger? correct answer: A general ledger account is an account or record used to sort, store and summarize a company's transactions. asset accounts such as Cash, Accounts Receivable, Inventory, Investments, Land, and Equipment liability accounts including Notes Payable, Accou...

When the costs of supplies increase in an industry, the low cost leader_____ correct answer: is the only firm able to pay the higher prices and continue to earn average or above average returns Accounts Payable correct answer: current liability account in which a company records the amounts it ...

Balance Sheet Analysis correct answer: Analysis of assets, liabilities, and equity Annually or quarterly Helpful for investors, bankers and brokers Compliance in Accounting correct answer: Sarbanes act was created in 2002 to protect shareholders What are dividends? correct answer: a s...

Which of the following is NOT a strategic alternative to laying off employees? 1. implementing a restricted hiring policy 2. downsizing the workforce 3. lowering employment standards 4. mandating reduced hours correct answer: 3. Lowering Employment Standards KJ built his taco truck ou...

cost control correct answer: A business's efforts to manage how much it spends. Cost control is always important correct answer: factor in maintaining and growing profitability Outsourcing is a common method to control costs correct answer: because many businesses find it cheaper to pay a ...

price level correct answer: a measure of the average prices of goods and services in the economy Price levels are expressed in... correct answer: small ranges or as discrete values such as dollar figures Price levels are leading indicators in the economy; correct answer: rising prices, indi...

tableau correct answer: a group of models or motionless figures representing a scene from a story or from history; a tableau vivant. arcane correct answer: understood by few; mysterious or secret. decrepit correct answer: worn out or ruined because of age or neglect. nomenclature correct...

True or false: The one fixed asset that is not depreciated is land because it seldom declines in value. correct answer: True __________ liabilities are those due within one year. correct answer: Current __________-__________ __________ liabilities are due after more than a year, and may incl...

When a business erroneously records expenses as assets, it has violated the measurement issue of correct answer: classification A dividend will reduce which of the following accounts? correct answer: Retained Earnings Continually shifting back and forth between the role of speaker and listen...

Employee Agreement correct answer: A contract by which one person (the employee) is to do something for the benefit of the employer or a third person for which the employee receives compensation. The contract may be oral or written At-will contracts correct answer: This type of agreement, the e...

Step 1 to develop a marketing plan correct answer: Document your business goals Step 2 correct answer: Develop a SWOT & Set Budget Step 3 correct answer: Define your target personas Step 4 correct answer: Develop marketing goal Step 5 correct answer: Create campaign and build activi...

Financial statements correct answer: provide information that is useful for making investment and other economic decisions about businesses horizontal analysis correct answer: the amount of each line item on the most recent statement is compared with the related item on earlier statements, and ...

interstate commerce correct answer: trade between two or more states subpoena correct answer: a court order requiring appearance and/or testimony Administrative Agency correct answer: a federal, state, or local government agency established to perform a specific function judical review c...

artificial intelligence correct answer: a subdiscipline of computer science that attempts to simulate human thinking Facts correct answer: information that is true or demonstrable Assumptions correct answer: Premises for which no proof or evidence is offered. Management Information Syste...