Deca Entrepreneurship Exam Questions
And Answers | Verified
Sovereign Community CORRECT ANSWERS A legal concept stating that the courts in
a country represent the country's laws, and their decisions cannot be reversed by the
decision of courts in other countries.
Legal concept that affects foreign countries
Eminent Domain CORRECT ANSWERS the right of a government or its agent to take
away private property for public use, with payment of compensation.
Absolute privilege CORRECT ANSWERS An absolute defense to an otherwise
defamatory statement because of the venue or context in which the statement was
made.
Social Responsibility CORRECT ANSWERS An organization or individual has an
obligation to act for the benefit of society at large.
Infringement CORRECT ANSWERS The action of breaking the terms of a law,
agreement, etc.
Defamation CORRECT ANSWERS A statement that injures a third party's reputation.
National Labor Relations Act CORRECT ANSWERS to protect the rights of employees
and employers, to encourage collective bargaining, and to lessen certain private sector
labor and management practices
Vocational Rehabilitation Act CORRECT ANSWERS Was put in place to correct the
problem of discrimination against people with disabilities in the United States.
Fair Labour Standards Act CORRECT ANSWERS A law that creates the right to a
minimum wage, and "time-and-a-half" overtime pay when people work over forty hours
a week.
Americans with Disabilities Act CORRECT ANSWERS A civil rights law that prohibits
discrimination based on disability.
Does not allow employers to ask employees about potential medical history.
Consolidation CORRECT ANSWERS joining of two or more companies to form a new
company
General Partnership CORRECT ANSWERS designed to combine capital, experience,
, and the abilities of two or more people
Limited Partnership CORRECT ANSWERS permits a partner to invest in a business but
have limited
liability and responsibility
Open Corporation CORRECT ANSWERS sells millions of shares of stock to many
stockholders
Intermediaries CORRECT ANSWERS Put buyers and sellers together without taking
ownership of the product, service or property. They act as go-betweens.
Wholesalers CORRECT ANSWERS an intermediary who helps to move goods between
producers and retailers by buying goods from producers and selling them to retailers
Industrial user CORRECT ANSWERS A business that buys materials, services, or
goods which it will use to make other goods
indirect agent CORRECT ANSWERS intermediaries who assist in the sale and/or
promotion of goods and services but do not take title to them
acquisition CORRECT ANSWERS Taking ownership of another business. Frequently
used in conjunction with the word merger, as in mergers and acquisitions or M&As.
Strategic planning CORRECT ANSWERS is long-range planning (three to five years)
for the company as a whole
Tactical planning CORRECT ANSWERS is short-range planning (one year)
of specific actions the business will take
. Systematic planning CORRECT ANSWERS involves using a set of procedures to plan
activities
Environmental planning CORRECT ANSWERS focuses on establishing goals and
activities that affect the natural environment.
SWOT Analysis CORRECT ANSWERS describes
the business (or business owner's) strengths, weaknesses, opportunities, and threats
business plan CORRECT ANSWERS is a detailed document that serves as a blueprint
or guide for developing the business.
promotional
plan CORRECT ANSWERS is the framework for the business's promotional activities
corporate philosophy CORRECT ANSWERS is often
And Answers | Verified
Sovereign Community CORRECT ANSWERS A legal concept stating that the courts in
a country represent the country's laws, and their decisions cannot be reversed by the
decision of courts in other countries.
Legal concept that affects foreign countries
Eminent Domain CORRECT ANSWERS the right of a government or its agent to take
away private property for public use, with payment of compensation.
Absolute privilege CORRECT ANSWERS An absolute defense to an otherwise
defamatory statement because of the venue or context in which the statement was
made.
Social Responsibility CORRECT ANSWERS An organization or individual has an
obligation to act for the benefit of society at large.
Infringement CORRECT ANSWERS The action of breaking the terms of a law,
agreement, etc.
Defamation CORRECT ANSWERS A statement that injures a third party's reputation.
National Labor Relations Act CORRECT ANSWERS to protect the rights of employees
and employers, to encourage collective bargaining, and to lessen certain private sector
labor and management practices
Vocational Rehabilitation Act CORRECT ANSWERS Was put in place to correct the
problem of discrimination against people with disabilities in the United States.
Fair Labour Standards Act CORRECT ANSWERS A law that creates the right to a
minimum wage, and "time-and-a-half" overtime pay when people work over forty hours
a week.
Americans with Disabilities Act CORRECT ANSWERS A civil rights law that prohibits
discrimination based on disability.
Does not allow employers to ask employees about potential medical history.
Consolidation CORRECT ANSWERS joining of two or more companies to form a new
company
General Partnership CORRECT ANSWERS designed to combine capital, experience,
, and the abilities of two or more people
Limited Partnership CORRECT ANSWERS permits a partner to invest in a business but
have limited
liability and responsibility
Open Corporation CORRECT ANSWERS sells millions of shares of stock to many
stockholders
Intermediaries CORRECT ANSWERS Put buyers and sellers together without taking
ownership of the product, service or property. They act as go-betweens.
Wholesalers CORRECT ANSWERS an intermediary who helps to move goods between
producers and retailers by buying goods from producers and selling them to retailers
Industrial user CORRECT ANSWERS A business that buys materials, services, or
goods which it will use to make other goods
indirect agent CORRECT ANSWERS intermediaries who assist in the sale and/or
promotion of goods and services but do not take title to them
acquisition CORRECT ANSWERS Taking ownership of another business. Frequently
used in conjunction with the word merger, as in mergers and acquisitions or M&As.
Strategic planning CORRECT ANSWERS is long-range planning (three to five years)
for the company as a whole
Tactical planning CORRECT ANSWERS is short-range planning (one year)
of specific actions the business will take
. Systematic planning CORRECT ANSWERS involves using a set of procedures to plan
activities
Environmental planning CORRECT ANSWERS focuses on establishing goals and
activities that affect the natural environment.
SWOT Analysis CORRECT ANSWERS describes
the business (or business owner's) strengths, weaknesses, opportunities, and threats
business plan CORRECT ANSWERS is a detailed document that serves as a blueprint
or guide for developing the business.
promotional
plan CORRECT ANSWERS is the framework for the business's promotional activities
corporate philosophy CORRECT ANSWERS is often
