Entrepreneurship Series (DECA)
questions with correct answers
C - correct answer ✔✔What is a type of intangible business property that is
protected by law?
- Acreage
- Inventory
- Trademark
- Equipment
D - correct answer ✔✔Basic torts relating to businesses often involve dispute
concerning:
- emotional stress.
- assaults.
- defamation.
- contracts.
D - correct answer ✔✔What is a characteristic of a business-format franchise?
- The name of the business is chosen by the franchisee.
- Products are bought directly from the supplier.
- It is the least popular franchise arrangement.
,- Continuous assistance is provided by the franchisor.
D - correct answer ✔✔Limited liability, indefinite length, ease of expansion, legal
entity, and transfer of ownership are considered advantages of a ______.
- sole proprietorship.
- partnership.
- trade union.
- corporation.
D - correct answer ✔✔Channels of distribution benefit consumers by:
- increasing profits for businesses.
- lowering the prices of all consumer products.
- raising the quality of all consumer products.
- making a variety of products available to them.
A - correct answer ✔✔For what markets would producers use a short channel of
distribution?
- Local consumers
- Generation X
- Baby boomers
- Senior citizens
,C - correct answer ✔✔If a business considers wirer the consumers are and who
they are before selecting a channel of distribution, the business is considering the
______ factor.
- human
- promotion
- market
- sales
A - correct answer ✔✔What do business employees often need to do before they
are able to write proposals?
- Research the problem
- Analyze personal biases
- Contact the customer
- Evaluate technical skills
B - correct answer ✔✔What is an example of a manager developing a policy that
impacts customer relations?
- Increasing use of security devices
- Extending business hours on weekends
- Revising bookkeeping procedures
- Scheduling employees' work hours)
C - correct answer ✔✔What should a successful brand promise to be able to do?
, - Customize the product for each customer
- Clarify the company's processes
- Communicate an appealing benefit
- Convey a high-quality image
A - correct answer ✔✔What is one way that freedom in a private enterprise
system is limited by laws?
- Certain occupations must be licensed.
- All workers must take ability tests.
- Specific pay scales are regulated.
- Employees must register with the state.
A - correct answer ✔✔During the month of July, sales at Handy's Shoe Mart
totaled $2,500. The cost of the shoes was $1,025. The owner paid $866 for
supplies, insurance, rent, and utilities during the month. The $609 left over
represents the owner's ______.
- net profit.
- gross profit.
- sales income.
- operating expenses.
A - correct answer ✔✔Non-corporations are taxed as pass-through entities,
meaning that:
questions with correct answers
C - correct answer ✔✔What is a type of intangible business property that is
protected by law?
- Acreage
- Inventory
- Trademark
- Equipment
D - correct answer ✔✔Basic torts relating to businesses often involve dispute
concerning:
- emotional stress.
- assaults.
- defamation.
- contracts.
D - correct answer ✔✔What is a characteristic of a business-format franchise?
- The name of the business is chosen by the franchisee.
- Products are bought directly from the supplier.
- It is the least popular franchise arrangement.
,- Continuous assistance is provided by the franchisor.
D - correct answer ✔✔Limited liability, indefinite length, ease of expansion, legal
entity, and transfer of ownership are considered advantages of a ______.
- sole proprietorship.
- partnership.
- trade union.
- corporation.
D - correct answer ✔✔Channels of distribution benefit consumers by:
- increasing profits for businesses.
- lowering the prices of all consumer products.
- raising the quality of all consumer products.
- making a variety of products available to them.
A - correct answer ✔✔For what markets would producers use a short channel of
distribution?
- Local consumers
- Generation X
- Baby boomers
- Senior citizens
,C - correct answer ✔✔If a business considers wirer the consumers are and who
they are before selecting a channel of distribution, the business is considering the
______ factor.
- human
- promotion
- market
- sales
A - correct answer ✔✔What do business employees often need to do before they
are able to write proposals?
- Research the problem
- Analyze personal biases
- Contact the customer
- Evaluate technical skills
B - correct answer ✔✔What is an example of a manager developing a policy that
impacts customer relations?
- Increasing use of security devices
- Extending business hours on weekends
- Revising bookkeeping procedures
- Scheduling employees' work hours)
C - correct answer ✔✔What should a successful brand promise to be able to do?
, - Customize the product for each customer
- Clarify the company's processes
- Communicate an appealing benefit
- Convey a high-quality image
A - correct answer ✔✔What is one way that freedom in a private enterprise
system is limited by laws?
- Certain occupations must be licensed.
- All workers must take ability tests.
- Specific pay scales are regulated.
- Employees must register with the state.
A - correct answer ✔✔During the month of July, sales at Handy's Shoe Mart
totaled $2,500. The cost of the shoes was $1,025. The owner paid $866 for
supplies, insurance, rent, and utilities during the month. The $609 left over
represents the owner's ______.
- net profit.
- gross profit.
- sales income.
- operating expenses.
A - correct answer ✔✔Non-corporations are taxed as pass-through entities,
meaning that:
