DECA BUSINESS ADMINISTRATION CORE EXAM WITH RESEARCHED
ANSWERS .19
Franchise - correct answer a contractual agreement between a
Parent company and a franchisee to distribute goods and services
Corporation - correct answer a form of business ownership that is owned by stockholders who
Have purchased units or shares of the company
Elastic Demand - correct answer demand that changes according to changes in price
Inelastic Demand - correct answer demand that is not affected by changes in price.
Unitary Demand - correct answer when sales remain the
Same because changes in supply and demand are equal
Tort - correct answer a private wrongdoing that potentially harms another person or entity
Doctrine of Sovereign Immunity - correct answer the universally accepted principle that each
nation has the right to manage its own government and develop
Its own laws.
Job Enlargement - correct answer combining different tasks into one position
Job Rotation - correct answer moving from one job to another job within an organization
Specialization by Trade - correct answer the type of work that a person performs in order to
earn a living, such as engineering, public-relations, or accounting.
, Frictional Unemployment - correct answer occurs because there are always workers who are in
transition
Structural Unemployment - correct answer when the demand for certain types of workers
declines and is often due to technology advancements and the need for new skills
Cyclical Employment - correct answer result of changes in the economic and business cycles
Wage Garnishments - correct answer court-ordered initiatives that involve taking income taken
from an employee's salary and submitting it to another person or organization
Embezzlement - correct answer theft of valuables that have been entrusted to another's care
Securities Fraud - correct answer the use of misleading sales tactics to persuade investors to
purchase securities
Espionage - correct answer revealing confidential information without the source or owner's
permission and is often associated with spying
Variety-seeking Buying Behavior - correct answer involves the purchase of routine items
Brand-insistence Buying Behavior - correct answer buyer will not buy anything other than a
specific
Brand or product
Automation - correct answer involves the use of machines to carry out production tasks
Ergonomics - correct answer the study of the use of equipment or technology and
Its effects on workers' physical well-being
ANSWERS .19
Franchise - correct answer a contractual agreement between a
Parent company and a franchisee to distribute goods and services
Corporation - correct answer a form of business ownership that is owned by stockholders who
Have purchased units or shares of the company
Elastic Demand - correct answer demand that changes according to changes in price
Inelastic Demand - correct answer demand that is not affected by changes in price.
Unitary Demand - correct answer when sales remain the
Same because changes in supply and demand are equal
Tort - correct answer a private wrongdoing that potentially harms another person or entity
Doctrine of Sovereign Immunity - correct answer the universally accepted principle that each
nation has the right to manage its own government and develop
Its own laws.
Job Enlargement - correct answer combining different tasks into one position
Job Rotation - correct answer moving from one job to another job within an organization
Specialization by Trade - correct answer the type of work that a person performs in order to
earn a living, such as engineering, public-relations, or accounting.
, Frictional Unemployment - correct answer occurs because there are always workers who are in
transition
Structural Unemployment - correct answer when the demand for certain types of workers
declines and is often due to technology advancements and the need for new skills
Cyclical Employment - correct answer result of changes in the economic and business cycles
Wage Garnishments - correct answer court-ordered initiatives that involve taking income taken
from an employee's salary and submitting it to another person or organization
Embezzlement - correct answer theft of valuables that have been entrusted to another's care
Securities Fraud - correct answer the use of misleading sales tactics to persuade investors to
purchase securities
Espionage - correct answer revealing confidential information without the source or owner's
permission and is often associated with spying
Variety-seeking Buying Behavior - correct answer involves the purchase of routine items
Brand-insistence Buying Behavior - correct answer buyer will not buy anything other than a
specific
Brand or product
Automation - correct answer involves the use of machines to carry out production tasks
Ergonomics - correct answer the study of the use of equipment or technology and
Its effects on workers' physical well-being
