DECA set 1 ICDC
Entrepreneurship Cluster
Comprehensive Questions with
Verified Answers Graded A+
Which of the following is a reason why an employer could legally fire an employee (BL, 1, 2022
ICDC Entrepreneurship) - Answer: Insubordination
Which ownership structure is subject to dual taxation? (BL, 2) - Answer: Corporations
A company in the transportation sector bought several barrels of gasoline. The applicable tax
was
included in the price per gallon rather than being added on at the end of the transaction. The
tax on the
gasoline is an example of a(n) __________ tax. (BL, 3) - Answer: excise
The owners of competing musical equipment stores in neighboring towns come to a
disagreement when
one business infringes on the territory of the other. This is most likely an example of... (CM, 4) -
Answer: horizontal conflict
Which of the following statements about agents is true (CM, 5) - Answer: They do not buy goods
or services from producers
, Car manufacturers such as BMW, Mercedes-Benz, and Lamborghini often only use one
distributor in a
particular region. This is an example of __________ distribution. (CM, 6) - Answer: exclusive
Which of the following statements best describes a formally solicited business proposal. (CO, 7)
- Answer: It is written when there is a request for a proposal
The responsibility for creating and maintaining a customer service-oriented culture rests most
prominently on the organization's. (CR, 8) - Answer: Managers and executives
Tia wants to start a business producing custom phone cases, but she is worried about putting all
of her
money into it. She partners with her friend Owen, who agrees to contribute to startup costs if
he can
share in the profits. Tia is... (EC, 9) - Answer: Transferring risk
Sophie earned a promotion at the beginning of this year and received a significant pay raise as a
result.
Because of her increase in salary, she pays taxes at a higher rate than she did the previous year.
This is
an example of a __________ tax structure. (EC, 10) - Answer: Progressive
A role model manager is someone who (EL, 11) - Answer: Leads by example
Gloria receives a bonus at work for exceeding her monthly sales quota. What is this an example
of? (EL, 12) - Answer: Formal recognition
For project managers, the most important part of managing stakeholder expectations is... (EL,
13) - Answer: Understanding them
Entrepreneurship Cluster
Comprehensive Questions with
Verified Answers Graded A+
Which of the following is a reason why an employer could legally fire an employee (BL, 1, 2022
ICDC Entrepreneurship) - Answer: Insubordination
Which ownership structure is subject to dual taxation? (BL, 2) - Answer: Corporations
A company in the transportation sector bought several barrels of gasoline. The applicable tax
was
included in the price per gallon rather than being added on at the end of the transaction. The
tax on the
gasoline is an example of a(n) __________ tax. (BL, 3) - Answer: excise
The owners of competing musical equipment stores in neighboring towns come to a
disagreement when
one business infringes on the territory of the other. This is most likely an example of... (CM, 4) -
Answer: horizontal conflict
Which of the following statements about agents is true (CM, 5) - Answer: They do not buy goods
or services from producers
, Car manufacturers such as BMW, Mercedes-Benz, and Lamborghini often only use one
distributor in a
particular region. This is an example of __________ distribution. (CM, 6) - Answer: exclusive
Which of the following statements best describes a formally solicited business proposal. (CO, 7)
- Answer: It is written when there is a request for a proposal
The responsibility for creating and maintaining a customer service-oriented culture rests most
prominently on the organization's. (CR, 8) - Answer: Managers and executives
Tia wants to start a business producing custom phone cases, but she is worried about putting all
of her
money into it. She partners with her friend Owen, who agrees to contribute to startup costs if
he can
share in the profits. Tia is... (EC, 9) - Answer: Transferring risk
Sophie earned a promotion at the beginning of this year and received a significant pay raise as a
result.
Because of her increase in salary, she pays taxes at a higher rate than she did the previous year.
This is
an example of a __________ tax structure. (EC, 10) - Answer: Progressive
A role model manager is someone who (EL, 11) - Answer: Leads by example
Gloria receives a bonus at work for exceeding her monthly sales quota. What is this an example
of? (EL, 12) - Answer: Formal recognition
For project managers, the most important part of managing stakeholder expectations is... (EL,
13) - Answer: Understanding them
