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Peregrine Practice Exam (Latest 2024/
2025 Update) Questions and Verified
Answers| 100% Correct
authentic - ANSWER Leadership focuses on both an intrapersonal perspective, but also is reciprocal, as followers affect leaders. It is a pattern of behavior that develops from and is grounded in a leader's positive psychological qualities and strong ethics. emotional intelligence - ANSWER the ability to perceive, understand, manage, and use emotions change and movement - ANSWER Primary function of leadership is to produce Leader-member excahange - ANSWER This theory of leadership conceptualizes leadership as a process that is centered on the interaction between leaders and followers. It is characterized by in and out groups.
Path-Goal Theory - ANSWER a theory that concerns how leaders influence subordinates' perceptions of their work goals and the paths they follow toward attainment of those goals Servant - ANSWER This kind of leadership puts followers first, empowers them, and helps them develop their full personal capacities skills - ANSWER The approach, as opposed to trait theory, emphasizes abilities that can be learned and developed Trait - ANSWER Theory emphasizes that having a leader with a certain set of attributes is crucial to having effective leadership and are central to the leadership process Transactional - ANSWER Focuses on the exchanges that occur between leaders and their followers Transformational - ANSWER Pays attention to the charismatic and affective elements of leadership.
differentiated marketing - ANSWER Marketing to a number of segments and developing separate marketing strategies for each is known as Marketing Plan - ANSWER a written document that acts as a guidebook of marketing activities for the marketing manager price - ANSWER refers to the value that is put for a product. It depends on the costs of production, segment targeted, ability of the market to pay, supply demand and a host of other direct and indirect factors Promotion - ANSWER Includes all the activities undertaken to make the product or service known to the user including personal selling, direct marketing, public relations, and digital marketing segmentation - ANSWER This is the process of identifying groups of customers with similar characteristics. Marketing Plan - ANSWER the 5 Cs of marketing: company, customers, competitors, collaborators, climate- are collectively known as a
Targeting - ANSWER Involves breaking the market into segments and selecting one of more of these for marketing and promotional efforts undifferentiated marketing - ANSWER Ignores segment differences and offers just one product or service to the entire market do so because they get something in return - ANSWER People who provide you with goods and services exactly equals the quantity seller are willing and able to sell - ANSWER At the equilibrium price, the quantity if a good that buyers are will and able to buy Gross Domestic Product (GDP) - ANSWER The total output of all economic activity in the nation, including goods and services. Formulate policies designed to increase productivity - ANSWER To increase standard of living, policymakers should:
primary market transaction - ANSWER an initial public offering of stock is a they facilitate the replacement of inferior managemnt - ANSWER Mergers and acquisitions serve an important role in governing American corporations because annual tax expenses - ANSWER Which of the following would be included on an income statement a tax rate on the $100 equal to the higher rate - ANSWER If a country has two income tax brackets with higher tax rates on higher income, a taxpayer earning enough to be taxed in the higher bracket earning $100 additional dollars will pay True - ANSWER The "objective theory of contacts" means that the outward manifestation of intent to contract is judged by a hypothetical "reasonable person" to determine the existence of a contract
mediation - ANSWER The procedure that uses a neutral third party to assist disputing parties reach a compromise is: Amount paid to the one who gives up the right to compete - ANSWER In order to be enforceable, a covenant-not-to-compete must be reasonable in each of the following aspects except: breach of warranty, negligence, or strict liability - ANSWER Someone who is injured by a defective product that she purchased new may bring a lawsuit based on: Could be challenged on the ground of either equal protection or freedom of speech - ANSWER A city ordinance prohibits any advertising of red mean within the city limits. This ordinance: A court has the power to enforce a judgment against a particular person - ANSWER The concept of personal jurisdiction is that: long arm statute - ANSWER a law passed by the legislature giving courts power over people who have sufficient connections with the state
enterprise generally depends on the administrative ability of its leaders than on their technical ability. Theory Y - ANSWER The Theory that says the average employee us not inherently lazy and given the chance will do what is good for an organization Theory X - ANSWER The theory that says the average employee is lazy, dislikes work, and will try to do as little as possible Effectiveness - ANSWER accomplishing tasks that help fulfill organizational objectives Controlling - ANSWER Is monitoring progress towards goal achievement and taking corrective action when needed. contigency - ANSWER The approach to management states that there are no universal management theories and the that the most effective management theory or idea depends on the kinds of problems or situation that managers or organizations are facing at a particular time and place
