DECA ENTREPRENEURSHIP AND
SMALL BUSINESS MANAGEMENT
EXAM latest update
A business that fails to protect its employees from unnecessary risk or health hazards on the job may be
sued for - correct answer ✔✔negligence
What requirement of a legally enforceable contract requires that both of the parties who are entering
into
the contract are sane, sober, and of legal age? - correct answer ✔✔Capacity
The owner receives all of the profits of the business and can act quickly in making business decisions
when the form of business ownership is a - correct answer ✔✔Sole proprietorship.
Which of the following is the type of tax that businesses are required to collect from customers when
they
purchase certain goods or services: - correct answer ✔✔Sales
Which of the following is a condition that must exist for channels to be effective: - correct answer
✔✔They must be properly managed.
Which of the following is a marketing function that can be performed by channel intermediaries: -
correct answer ✔✔Promoting products
A manufacturer of dish washing soap has just invented a new type of soap that cleans better. The
manufacturer should choose to distribute the soap through __________ distribution - correct answer
✔✔Intensive
What type of information does a well-written proposal include? - correct answer ✔✔Specific benefits
, There are several auto repair shops in town, but Patricia's stands out. Her auto repair shop does great
work, but what really sets her shop apart is the customer service. Every customer is greeted by a friendly
employee, and s/he is given snacks and drinks while s/he waits for the repairs to be completed. The
great customer service that people can expect from Patricia's business is considered her - correct answer
✔✔brand promise
Financial loss from investing time and money to comply with accounting standards is an example of
which strategic risk - correct answer ✔✔Regulatory and political issues
The government's mandating the use of unleaded gas in new cars is an example of - correct answer
✔✔Protecting the environment
What type of business usually experiences economies of scale due to expanded operations - correct
answer ✔✔Large manufacturing plant
Business people who respect the unique customs and habits of their foreign customers are exhibiting -
correct answer ✔✔Cultural sensitivity
"Yes, you'll save money instantly" is an example of a statement with - correct answer ✔✔Persuasive
words
Which of the following is a characteristic of a self-confident leader - correct answer ✔✔S/He is decisive,
even in uncertain circumstances
Why is it important for team members to feel a sense of "ownership" and engagement in the vision -
correct answer ✔✔It's the only way they will become committed to it
Which of the following statements is true regarding stakeholder expectations - correct answer ✔✔Each
group of stakeholders has different needs and expectations
Julio is starting a new business, and he has formed relationships with several successful local business
SMALL BUSINESS MANAGEMENT
EXAM latest update
A business that fails to protect its employees from unnecessary risk or health hazards on the job may be
sued for - correct answer ✔✔negligence
What requirement of a legally enforceable contract requires that both of the parties who are entering
into
the contract are sane, sober, and of legal age? - correct answer ✔✔Capacity
The owner receives all of the profits of the business and can act quickly in making business decisions
when the form of business ownership is a - correct answer ✔✔Sole proprietorship.
Which of the following is the type of tax that businesses are required to collect from customers when
they
purchase certain goods or services: - correct answer ✔✔Sales
Which of the following is a condition that must exist for channels to be effective: - correct answer
✔✔They must be properly managed.
Which of the following is a marketing function that can be performed by channel intermediaries: -
correct answer ✔✔Promoting products
A manufacturer of dish washing soap has just invented a new type of soap that cleans better. The
manufacturer should choose to distribute the soap through __________ distribution - correct answer
✔✔Intensive
What type of information does a well-written proposal include? - correct answer ✔✔Specific benefits
, There are several auto repair shops in town, but Patricia's stands out. Her auto repair shop does great
work, but what really sets her shop apart is the customer service. Every customer is greeted by a friendly
employee, and s/he is given snacks and drinks while s/he waits for the repairs to be completed. The
great customer service that people can expect from Patricia's business is considered her - correct answer
✔✔brand promise
Financial loss from investing time and money to comply with accounting standards is an example of
which strategic risk - correct answer ✔✔Regulatory and political issues
The government's mandating the use of unleaded gas in new cars is an example of - correct answer
✔✔Protecting the environment
What type of business usually experiences economies of scale due to expanded operations - correct
answer ✔✔Large manufacturing plant
Business people who respect the unique customs and habits of their foreign customers are exhibiting -
correct answer ✔✔Cultural sensitivity
"Yes, you'll save money instantly" is an example of a statement with - correct answer ✔✔Persuasive
words
Which of the following is a characteristic of a self-confident leader - correct answer ✔✔S/He is decisive,
even in uncertain circumstances
Why is it important for team members to feel a sense of "ownership" and engagement in the vision -
correct answer ✔✔It's the only way they will become committed to it
Which of the following statements is true regarding stakeholder expectations - correct answer ✔✔Each
group of stakeholders has different needs and expectations
Julio is starting a new business, and he has formed relationships with several successful local business
