DECA FINANCE CLUSTER EXAM WITH
VERIFIED QUESTIONS AND ANSWERS||
GUARANTEED PASS|| ALREADY GRADED A+||
LATEST VERSION 2026
What type of financial statement includes an accounting of the shareholders'
equity for a company?
A. Annual report
B. Income statement
C. Cash flow statement
D. Balance sheet - ANSWER-D
The most common headings on a stock table include the 52-week high and low,
the stock symbol, the estimated dividend per share, the yield percentage/rate of
return, the volume/sales for the day, the closing price for the day, the net change
and the
A. net income.
B. earnings per share.
C. price-earnings ratio.
D. stockholder's equity. - ANSWER-C
Businesses usually invest in
,A. bonds.
B. themselves.
C. stocks.
D. real estate. - ANSWER-B
One advantage to businesses of using electronic funds transfer technology to
collect accounts receivable is that it eliminates
A. check processing.
B. liquidity reporting.
C. sales discounting.
D. payee outsourcing. - ANSWER-A
A business's balance sheet lists $3,800 in cash, $15,125 in accounts payable,
$2,775 in taxes, $10,350 in machinery and equipment, and $6,280 in salaries.
Calculate the business's total liabilities.
A. $27,030
B. $18,470
C. $15,225
D. $24,180 - ANSWER-D
Which possess: of the following is a positive characteristic for the members of a
corporation's board of directors to
A. Independent thinking
B. Conformity
C. Indecisiveness
,D. Single-minded attitude - ANSWER-A
Which employee reports directly to a corporation's board of directors?
A. Chief executive officer
B. Accounting manager
C. Vice president of operations
D. Director of sales - ANSWER-A
Ryan is a college student who is interested in becoming a teacher. Every
Tuesday afternoon, he spends his free time tutoring second-grade students in
reading and math at a local elementary school. What technique is Ryan using to
obtain work experience?
A. Volunteering
B. Informational interview
C. Job shadowing
D. Internship - ANSWER-A
Is the following statement about trade associations and professional
organizations true or false: Once a law has been enacted,
organizations/associations are unable to affect the way that law will be
enforced.
A. True, members of organizations/associations have no way of influencing the
enforcement of laws.
B. False, there are exceptions that apply to every law.
C. False, organizations/associations often can change unfavorable regulations to
more favourable ones.
D. True, laws cannot be changed and must be obeyed. - ANSWER-C
, One way to build professional relationships in the finance industry is to
A. encourage others to discuss their finances.
B. read about industry trends.
C. implement a referral system.
D. print new business cards for distribution. - ANSWER-C
To manage potential risks resulting from unethical conduct, many companies
build internal infrastructures that promote and enforce ethical practices. This
internal infrastructure is likely to include appropriate audit procedures, a code of
conduct, and a __________ policy.
A. whistleblower
B. credit
C. monetary
D. constituent - ANSWER-A
Many computer software programs help businesses determine their levels of
business risk, which is helpful when they develop
A. monetary regulations.
B. content theories.
C. endorsement records.
D. contingency plans. - ANSWER-D
How does forming a captive insurance company typically impact a corporation's
federal tax liability?
VERIFIED QUESTIONS AND ANSWERS||
GUARANTEED PASS|| ALREADY GRADED A+||
LATEST VERSION 2026
What type of financial statement includes an accounting of the shareholders'
equity for a company?
A. Annual report
B. Income statement
C. Cash flow statement
D. Balance sheet - ANSWER-D
The most common headings on a stock table include the 52-week high and low,
the stock symbol, the estimated dividend per share, the yield percentage/rate of
return, the volume/sales for the day, the closing price for the day, the net change
and the
A. net income.
B. earnings per share.
C. price-earnings ratio.
D. stockholder's equity. - ANSWER-C
Businesses usually invest in
,A. bonds.
B. themselves.
C. stocks.
D. real estate. - ANSWER-B
One advantage to businesses of using electronic funds transfer technology to
collect accounts receivable is that it eliminates
A. check processing.
B. liquidity reporting.
C. sales discounting.
D. payee outsourcing. - ANSWER-A
A business's balance sheet lists $3,800 in cash, $15,125 in accounts payable,
$2,775 in taxes, $10,350 in machinery and equipment, and $6,280 in salaries.
Calculate the business's total liabilities.
A. $27,030
B. $18,470
C. $15,225
D. $24,180 - ANSWER-D
Which possess: of the following is a positive characteristic for the members of a
corporation's board of directors to
A. Independent thinking
B. Conformity
C. Indecisiveness
,D. Single-minded attitude - ANSWER-A
Which employee reports directly to a corporation's board of directors?
A. Chief executive officer
B. Accounting manager
C. Vice president of operations
D. Director of sales - ANSWER-A
Ryan is a college student who is interested in becoming a teacher. Every
Tuesday afternoon, he spends his free time tutoring second-grade students in
reading and math at a local elementary school. What technique is Ryan using to
obtain work experience?
A. Volunteering
B. Informational interview
C. Job shadowing
D. Internship - ANSWER-A
Is the following statement about trade associations and professional
organizations true or false: Once a law has been enacted,
organizations/associations are unable to affect the way that law will be
enforced.
A. True, members of organizations/associations have no way of influencing the
enforcement of laws.
B. False, there are exceptions that apply to every law.
C. False, organizations/associations often can change unfavorable regulations to
more favourable ones.
D. True, laws cannot be changed and must be obeyed. - ANSWER-C
, One way to build professional relationships in the finance industry is to
A. encourage others to discuss their finances.
B. read about industry trends.
C. implement a referral system.
D. print new business cards for distribution. - ANSWER-C
To manage potential risks resulting from unethical conduct, many companies
build internal infrastructures that promote and enforce ethical practices. This
internal infrastructure is likely to include appropriate audit procedures, a code of
conduct, and a __________ policy.
A. whistleblower
B. credit
C. monetary
D. constituent - ANSWER-A
Many computer software programs help businesses determine their levels of
business risk, which is helpful when they develop
A. monetary regulations.
B. content theories.
C. endorsement records.
D. contingency plans. - ANSWER-D
How does forming a captive insurance company typically impact a corporation's
federal tax liability?
