DECA Business Administration Core Exam /
Comprehensive Update / Actual Questions &
Answers (A+ Guide Solution)
Terms in this set (128)
Franchise a contractual agreement between a parent company and a
franchisee to distribute goods and services
a form of business ownership that
is owned by
Corporationstockholders who
have purchased units or shares of
the company
Elastic Demand demand that changes according to changes in price
Inelastic Demand demand that is not affected by changes in price.
Unitary Demand when sales remain the same because changes in supply
and demand are equal
Tort a private wrongdoing that potentially harms another person or
entity
Doctrine of Sovereign the universally accepted principle that each nation has
Immunity the right to manage its own government and develop its
own laws.
Job Enlargement combining different tasks into one position
Job Rotation moving from one job to another job within an organization
, the type of work that a person performs in order to earn a
Specialization by Trade
living, such as engineering, public-relations, or accounting.
Frictional Unemployment occurs because there are always workers who are in transition
Structural Unemployment when the demand for certain types of workers declines and
is often due to technology advancements and the need for
new skills
Cyclical Employment result of changes in the economic and business cycles
Wage Garnishments court-ordered initiatives that involve taking income taken
from an employee's salary and submitting it to another
person or organization
Embezzlement theft of valuables that have been entrusted to another's care
Securities Fraud the use of misleading sales tactics to persuade investors to
purchase securities
Espionage revealing confidential information without the source or
owner's permission and is often associated with spying
Variety-seeking Buying involves the purchase of routine items
Behavior
Brand-insistence Buying buyer will not buy anything other than a specific brand or
Behavior product
Automation involves the use of machines to carry out production tasks
Ergonomics the study of the use of equipment or technology and its
effects on workers' physical well-being
Innovation taking action to make the idea, item, or process available for
consumers to use
Comprehensive Update / Actual Questions &
Answers (A+ Guide Solution)
Terms in this set (128)
Franchise a contractual agreement between a parent company and a
franchisee to distribute goods and services
a form of business ownership that
is owned by
Corporationstockholders who
have purchased units or shares of
the company
Elastic Demand demand that changes according to changes in price
Inelastic Demand demand that is not affected by changes in price.
Unitary Demand when sales remain the same because changes in supply
and demand are equal
Tort a private wrongdoing that potentially harms another person or
entity
Doctrine of Sovereign the universally accepted principle that each nation has
Immunity the right to manage its own government and develop its
own laws.
Job Enlargement combining different tasks into one position
Job Rotation moving from one job to another job within an organization
, the type of work that a person performs in order to earn a
Specialization by Trade
living, such as engineering, public-relations, or accounting.
Frictional Unemployment occurs because there are always workers who are in transition
Structural Unemployment when the demand for certain types of workers declines and
is often due to technology advancements and the need for
new skills
Cyclical Employment result of changes in the economic and business cycles
Wage Garnishments court-ordered initiatives that involve taking income taken
from an employee's salary and submitting it to another
person or organization
Embezzlement theft of valuables that have been entrusted to another's care
Securities Fraud the use of misleading sales tactics to persuade investors to
purchase securities
Espionage revealing confidential information without the source or
owner's permission and is often associated with spying
Variety-seeking Buying involves the purchase of routine items
Behavior
Brand-insistence Buying buyer will not buy anything other than a specific brand or
Behavior product
Automation involves the use of machines to carry out production tasks
Ergonomics the study of the use of equipment or technology and its
effects on workers' physical well-being
Innovation taking action to make the idea, item, or process available for
consumers to use
