Entrepreneurship in DECA composition
questions with verified solutions
Which of the following is a legal concept that affects businesses that operate in
foreign countries: - correct answer ✔✔Sovereign immunity
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 - correct answer ✔✔. defamation
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 answer ✔✔Selling an item for $500
What federal law prohibits businesses from asking potential employees about
their medical history? - correct answer ✔✔Americans with Disabilities Act
Erick and Jacob are college graduates who want to open an accounting firm.
However, Erick has a fulltime
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? - correct answer
✔✔Limited partnership
. The goal of channels of distribution is to move products from producers to -
correct answer ✔✔final consumers.
. To build and repair bridges, Campbell Construction Company buys steel beams
from Horton
Manufacturing. In this situation, Campbell Construction Company is the - correct
answer ✔✔industrial user.
Which of the following is a criterion that an investment company might use to
evaluate the performance
of its independent agents: - correct answer ✔✔Customer service
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 - correct answer ✔✔letter of transmittal
When a business publicly pledges to provide all of its customers with quick,
courteous service, the
company is - correct answer ✔✔making a brand promise
In a private enterprise economic system, the interaction of supply and demand
primarily determines - correct answer ✔✔product prices.
, One of the reasons that government's role in business has expanded is that -
correct answer ✔✔people's attitudes have changed.
The U.S. government sets aside some of its income from payroll taxes to fund
Social Security, which is a
program that aims to ensure that elderly and disabled people do not live in
poverty. This is an example of - correct answer ✔✔a trust fund
Small businesses have a positive effect on the local community because they -
correct answer ✔✔pay taxes.
Which of the following is an example of a businessperson developing cultural
sensitivity: - correct answer ✔✔Learning differences in body language
During a negotiation, each person decides to give up something to reach an
agreement. This is often
called a - correct answer ✔✔compromise.
Communicating effectively, showing a sense of teamwork, and being a good
negotiator are all ways to
demonstrate which component of emotional intelligence? - correct answer
✔✔Social management
Which of the following is not part of the price involved with making a vision into a
reality:
A. Time
B. Money
questions with verified solutions
Which of the following is a legal concept that affects businesses that operate in
foreign countries: - correct answer ✔✔Sovereign immunity
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 - correct answer ✔✔. defamation
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 answer ✔✔Selling an item for $500
What federal law prohibits businesses from asking potential employees about
their medical history? - correct answer ✔✔Americans with Disabilities Act
Erick and Jacob are college graduates who want to open an accounting firm.
However, Erick has a fulltime
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? - correct answer
✔✔Limited partnership
. The goal of channels of distribution is to move products from producers to -
correct answer ✔✔final consumers.
. To build and repair bridges, Campbell Construction Company buys steel beams
from Horton
Manufacturing. In this situation, Campbell Construction Company is the - correct
answer ✔✔industrial user.
Which of the following is a criterion that an investment company might use to
evaluate the performance
of its independent agents: - correct answer ✔✔Customer service
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 - correct answer ✔✔letter of transmittal
When a business publicly pledges to provide all of its customers with quick,
courteous service, the
company is - correct answer ✔✔making a brand promise
In a private enterprise economic system, the interaction of supply and demand
primarily determines - correct answer ✔✔product prices.
, One of the reasons that government's role in business has expanded is that -
correct answer ✔✔people's attitudes have changed.
The U.S. government sets aside some of its income from payroll taxes to fund
Social Security, which is a
program that aims to ensure that elderly and disabled people do not live in
poverty. This is an example of - correct answer ✔✔a trust fund
Small businesses have a positive effect on the local community because they -
correct answer ✔✔pay taxes.
Which of the following is an example of a businessperson developing cultural
sensitivity: - correct answer ✔✔Learning differences in body language
During a negotiation, each person decides to give up something to reach an
agreement. This is often
called a - correct answer ✔✔compromise.
Communicating effectively, showing a sense of teamwork, and being a good
negotiator are all ways to
demonstrate which component of emotional intelligence? - correct answer
✔✔Social management
Which of the following is not part of the price involved with making a vision into a
reality:
A. Time
B. Money
