2024 PEREGRINE EXAM 200 QUESTIONS AND
CORRECT DETAILED ANSWERS AGRADE
RATED
The rate of unemployment is calculated as the number of: - ANSWER✔✔Unemployed divided by the number of people in the civilian labor force.On a hot summer day, a construction worker enters a McDonald's fast-food restaurant.He orders the first Big Mac. He consumes it within 3 minutes. He then orders a second Big Mac and consumes it in 10 minutes. He eats only half of the third one in 18 minutes and throws away the rest. The store manager offers him the fourth for free. The construction worker says: "No thanks." Why? - ANSWER✔✔Marginal utility declined as he consumed additional Big Macs.George, a project manager at a publishing firm, is experiencing many stress-related symptoms. What is the best advice an HR manager could give George? - ANSWER✔ ✔Recognize your own limitations Which of the following is a category or element of the balance sheet? - ANSWER✔✔ Liabilities In the context of the data component of an information system, internal data sources include _____. - ANSWER✔✔Personnel Records According to the hot stove rule, disciplinary action should most likely occur immediately, so that the individual _____. - ANSWER✔✔Understand the reason for it 1 / 3
In the context of applications of artificial intelligence (AI), _____ perform well at simple, repetitive tasks and can be used to free workers from tedious or hazardous jobs. - ANSWER✔✔Robots A company has two bonds that are identical except one matures in 5 years and one matures in 10 years. If interest rates fall, what will happen to the price of the bonds? - ANSWER✔✔Both will increase and the 10-year will increase more.Any business activity, which resorts to deceitful practices or devices with the intent to deprive another of property or other rights, or to cause economic injury. - ANSWER✔✔ External Fraud Which of these actions would likely result in a lower current ratio? - ANSWER✔✔ Extending the time to pay suppliers Dave is developing a social media platform to help Saint Leo students plan events and track attendance. Part of his persona profile includes age, gender and class year. What part of segmentation best describes these factors? - ANSWER✔✔Demographic Ellen, as a manager, has always been driven by scheduling, directing group activities, planning, and trying out new ideas. For her, meeting deadlines is critical and she always gives explicit standards of performance. Ellen can be described as high on which of these? - ANSWER✔✔Delegating The following is a payoff table giving profits for various situations. (State 1): 0.4 / 45 / 16 / 23 / 44 (State 2): 0.35 / 37 / 59 / 65 / 33 (State 3): 0.25 / 83 / 72 / 91 / 55 If a person were to use the expected monetary value criterion, what decision would be made? - ANSWER✔✔Alternative 3 In the long run, the price for a perfectly competitive firm: - ANSWER✔✔Will be determined by the firm's supply and demand curves? 2 / 3
As an example of this strategy, large fast-food chains such as McDonald's and KFC rely on the same brand names and the same core menu items around the world, but make some concessions to local tastes too. - ANSWER✔✔Transnational strategy _______ laws are federal and state statutes and regulations that promote product safety and prohibit abusive, unfair, and deceptive business practices. - ANSWER✔✔ Consumer Protection The World Trade Organization (WTO) is: - ANSWER✔✔The only global international organization focused on negotiating the rules of trade between nations.Which of these is not a critical component is designing an advertising campaign? - ANSWER✔✔Detailed product information In a relational database model, a _____ is a field in a relational table that matches the primary key column of another table. - ANSWER✔✔Foreign key The ________ was intended to eliminate job discrimination based on race, color, national origin, sex, and religion. - ANSWER✔✔Fair Employment Practices Act Which of the following is not a shortcoming of using manager judgment for forecasting availability? - ANSWER✔✔Managers are always overall aggressive in estimating hiring requirements Which of these is typically a characteristic of a sales promotion? - ANSWER✔✔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. - ANSWER✔✔Artificial intelligence system When the costs of supplies increase in an industry, the low cost leader_____ - ANSWER✔✔is the only firm able to pay the higher prices and continue to earn average or above average returns
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