DECA Entrepreneurship Exam
Questions And Answers | Latest Update
Which of the following is a legal concept that affects businesses that operate in foreign
countries:
A. Sovereign immunity
B. Eminent domain
C. Absolute privilege
D. Social responsibility CORRECT ANSWERS A
The ABC Company published an incorrect statement about the quality of the Marston
Company's
product. As a result, Marston's sales have dramatically decreased. This is an example
of a legal tort
related to
A. infringement.
B. privacy.
C. defamation.
D. trespassing. CORRECT ANSWERS C
Which of the following is an example of consideration in a contract:
A. Promising to make a gift
B. Putting the price in writing
C. Selling an item for $500
D. Giving away an item worth $500 CORRECT ANSWERS C
What federal law prohibits businesses from asking potential employees about their
medical history?
A. National Labor Relations Act
B. Vocational Rehabilitation Act
C. Fair Labor Standards Act
D. Americans with Disabilities Act CORRECT ANSWERS D
Erick and Jacob are college graduates who want to open an accounting firm. However,
Erick has a full-
time position that he plans to continue but still wants to be a part of this business
venture. Which form of
business ownership would you recommend to Erick and Jacob?
A. Consolidation
B. General partnership
C. Limited partnership
D. Open corporation CORRECT ANSWERS C
, The goal of channels of distribution is to move products from producers to
A. intermediaries.
B. final consumers.
C. industrial distributors.
D. middlemen. CORRECT ANSWERS B
To build and repair bridges, Campbell Construction Company buys steel beams from
Horton
Manufacturing. In this situation, Campbell Construction Company is the
A. wholesaler.
B. industrial user.
C. producer.
D. indirect agent. CORRECT ANSWERS B
Which of the following is a criterion that an investment company might use to evaluate
the performance
of its independent agents:
A. Inventory level
B. Customer service
C. Business plan
D. Operating policy CORRECT ANSWERS B
When preparing a long, complex report, it is generally a good idea to include a
background statement
about the purpose of the report in the
A. body of the report.
B. letter of transmittal.
C. executive summary.
D. writer's recommendations. CORRECT ANSWERS B
When a business publicly pledges to provide all of its customers with quick, courteous
service, the
company is
A. stating industry policies.
B. developing a campaign platform.
C. making a brand promise.
D. establishing product position. CORRECT ANSWERS C
In a private enterprise economic system, the interaction of supply and demand primarily
determines
A. the extent of pollution.
B. economic choices.
C. product prices.
D. government regulation. CORRECT ANSWERS C
One of the reasons that government's role in business has expanded is that
Questions And Answers | Latest Update
Which of the following is a legal concept that affects businesses that operate in foreign
countries:
A. Sovereign immunity
B. Eminent domain
C. Absolute privilege
D. Social responsibility CORRECT ANSWERS A
The ABC Company published an incorrect statement about the quality of the Marston
Company's
product. As a result, Marston's sales have dramatically decreased. This is an example
of a legal tort
related to
A. infringement.
B. privacy.
C. defamation.
D. trespassing. CORRECT ANSWERS C
Which of the following is an example of consideration in a contract:
A. Promising to make a gift
B. Putting the price in writing
C. Selling an item for $500
D. Giving away an item worth $500 CORRECT ANSWERS C
What federal law prohibits businesses from asking potential employees about their
medical history?
A. National Labor Relations Act
B. Vocational Rehabilitation Act
C. Fair Labor Standards Act
D. Americans with Disabilities Act CORRECT ANSWERS D
Erick and Jacob are college graduates who want to open an accounting firm. However,
Erick has a full-
time position that he plans to continue but still wants to be a part of this business
venture. Which form of
business ownership would you recommend to Erick and Jacob?
A. Consolidation
B. General partnership
C. Limited partnership
D. Open corporation CORRECT ANSWERS C
, The goal of channels of distribution is to move products from producers to
A. intermediaries.
B. final consumers.
C. industrial distributors.
D. middlemen. CORRECT ANSWERS B
To build and repair bridges, Campbell Construction Company buys steel beams from
Horton
Manufacturing. In this situation, Campbell Construction Company is the
A. wholesaler.
B. industrial user.
C. producer.
D. indirect agent. CORRECT ANSWERS B
Which of the following is a criterion that an investment company might use to evaluate
the performance
of its independent agents:
A. Inventory level
B. Customer service
C. Business plan
D. Operating policy CORRECT ANSWERS B
When preparing a long, complex report, it is generally a good idea to include a
background statement
about the purpose of the report in the
A. body of the report.
B. letter of transmittal.
C. executive summary.
D. writer's recommendations. CORRECT ANSWERS B
When a business publicly pledges to provide all of its customers with quick, courteous
service, the
company is
A. stating industry policies.
B. developing a campaign platform.
C. making a brand promise.
D. establishing product position. CORRECT ANSWERS C
In a private enterprise economic system, the interaction of supply and demand primarily
determines
A. the extent of pollution.
B. economic choices.
C. product prices.
D. government regulation. CORRECT ANSWERS C
One of the reasons that government's role in business has expanded is that
