Peregrine Exam Practice

Peregrine Exam Practice

Which of the following is NOT a strategic alternative to laying off employees? - ✔✔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? - ✔✔194,640

173,310

167,125

181,292

173,310

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

Sales

Which of these is not a cash flow activity category in the Statement of cash flows? - ✔✔operating.investing.

financing.depreciating.

Depreciating

Which one of the following statements is false? - ✔✔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. - ✔✔Receivables turnover ratio Asset turnover ratio Income ratio Quick ratio

Asset Turnover Ratio

The sum of the squares total (SST) - ✔✔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. - ✔✔Multinational strategy Global strategy Transnational strategy Multidomestic strategy

Global

Another Time Around helps young inner city kids develop products they can make and sell to earn money for college. What concept best describes this? - ✔✔The marketing mix Cause marketing Benevolent advertising A tax deduction Corporate charitable marketing None of the above.

cause marketing

Lauren is an HR manager at a marketing firm. Which of the following functions is LEAST likely to be an aspect of Lauren's job? - ✔✔Employee and labor relations Staffing Employee staffing Product testing

Product Testing

Local area networks (LANs) are used to _____. - ✔✔link computers that are geographically far apart provide communication services spanning several cities or states

connect various wide area networks in metropolitan areas integrate services to a single building or campus

integrate services to a single building or campus

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.