Business: Strategic Management and E. Correct Response
Peregrine Academic Services Test Bank Questions Undergraduate Level, CPC-COMP Exam
Topic: Accounting Subtopic: Accounting
3261
When a business erroneously records expenses as assets, it has violated the measurement issue of A. communication. B. classification. C. valuation. D. recognition.
E. Correct Response: B 3302 A dividend will reduce which of the following accounts? A. Dividends B. Retained Earnings C. Common Stock D. Accounts Payable E. Correct Response: B 3342 Unearned revenues are recorded by companies that A. receive money in advance of the performance of a service. B. pay money at the time the performance of a service is complete. C. receive money at the time the performance of a service is complete. D. pay money in advance of the performance of a service. E. Correct Response: A
Peregrine Academic Services Test Bank Questions Undergraduate Level, CPC-COMP Exam
Topic: Business Ethics Subtopic: Business Ethics
3072 Lying by omission involves intentionally A. withholding material facts. B. creating “noise” within the communication that knowingly confuses or deceives the receiver. C. using highly technical language that the receiver does not understand. D. trying to not hurt someone’s feelings. E. telling “white lies.” Correct Response: A 3074 Conflicts of interest exist when employees must choose whether to A. advance their own interests, those of the organization, or those of some other group. B. advance the interests of the organization or those of society. C. accept bribes. D. carry out an assignment they perceive as unethical. E. report an unethical coworker. Correct Response: A 3077 Which of the following is not an ethical issue in the area of communications? A. Concealed facts in advertising B. Bribery C. False or deceptive advertising D. Ambiguous statements in advertising E. Lying Correct Response: B
Peregrine Academic Services Test Bank Questions Undergraduate Level, CPC-COMP Exam
Topic: Business Finance Subtopic: Business
Topic: Accounting Subtopic: Accounting
3261
When a business erroneously records expenses as assets, it has violated the measurement issue of A. communication. B. classification. C. valuation. D. recognition.
E. Correct Response: B 3302 A dividend will reduce which of the following accounts? A. Dividends B. Retained Earnings C. Common Stock D. Accounts Payable E. Correct Response: B 3342 Unearned revenues are recorded by companies that A. receive money in advance of the performance of a service. B. pay money at the time the performance of a service is complete. C. receive money at the time the performance of a service is complete. D. pay money in advance of the performance of a service. E. Correct Response: A
Peregrine Academic Services Test Bank Questions Undergraduate Level, CPC-COMP Exam
Topic: Business Ethics Subtopic: Business Ethics
3072 Lying by omission involves intentionally A. withholding material facts. B. creating “noise” within the communication that knowingly confuses or deceives the receiver. C. using highly technical language that the receiver does not understand. D. trying to not hurt someone’s feelings. E. telling “white lies.” Correct Response: A 3074 Conflicts of interest exist when employees must choose whether to A. advance their own interests, those of the organization, or those of some other group. B. advance the interests of the organization or those of society. C. accept bribes. D. carry out an assignment they perceive as unethical. E. report an unethical coworker. Correct Response: A 3077 Which of the following is not an ethical issue in the area of communications? A. Concealed facts in advertising B. Bribery C. False or deceptive advertising D. Ambiguous statements in advertising E. Lying Correct Response: B
Peregrine Academic Services Test Bank Questions Undergraduate Level, CPC-COMP Exam
Topic: Business Finance Subtopic: Business