DECA FINANCE LATEST
CLUSTER STUDY GUIDE
Which of the following statements about following directions is true -
ANSWERS-Restating directions in your own words helps clarify them
The most efficient way to obtain the current interest rates on certificates
of deposit purchased through Bank - ANSWERS-Visit the banks website
Milly's coworker asks her a question about a software program. Milly
isn't familiar with the program so she can't answer the question. There is
- ANSWERS-Knowledge gap
In business, economic downturns and technological changes are likely to
cause businesses to - ANSWERS-Make changes of their own
Bobs manager asked him to develop a report that compares their
company's fourth quarter performance with others in its industry. Which
financial analysis software feature should Bob use to generate
information for his report - ANSWERS-Benchmarking
Which of the following types of behavior tries to improve the general
quality of relationships - ANSWERS-Assertive
END OF
PAGE
1
, DECA FINANCE LATEST
CLUSTER STUDY GUIDE
The president of Acme identifies the jobs to be accomplished and
assigns responsibility for completing those jobs to specific departments.
What management function is the President in - ANSWERS-Organizing
Which of the following is most likely to have a negative effect on
financial markets - ANSWERS-Business expansion slows quickly
Doc released by stakeholders, Truman summarized the overall
performance of the organization by evaluating economic, environmental
and social factors. He developed a - ANSWERS-Sustainability report
A company manager is making a decision concerning promotional
strategy. What managerial accounting technique can assist in the
implementation phase of her decision making process - ANSWERS-
Recording and classifying transactions
Which of the following are example of deposit taking financial
institutions - ANSWERS-Credit unions, savings and loan associations,
and commercial banks
Stocks in which of the following industry sectors are least likely to be
affected by changes in the business
END OF
PAGE
2
, DECA FINANCE LATEST
CLUSTER STUDY GUIDE
cycle: - ANSWERS-Healthcare
Businesses usually invest in - ANSWERS-themselves
Which of the following is a characteristic of a legally binding contract? -
ANSWERS-Something of value must be exchanged
A business might conduct a compliance audit to - ANSWERS-Ensure
that it is following goverment regulations
What is an advantage of using technology in compliance - ANSWERS-
Increased efficiency
When a financial agent legally acts in the best interest of his/her clients,
the agent is establishing a(n) ___________ relationship - ANSWERS-
Fiduciary
Andrew received an official-looking email that appeared to be from a
government agency. The message requested that Andrew reply
immediately to the email and provide his bank account information and
credit card account numbers. Fortunately, Andrew found out that the
END OF
PAGE
3
, DECA FINANCE LATEST
CLUSTER STUDY GUIDE
message was fraudulent before he provided the information. What illegal
activity does this situation exemplify? - ANSWERS-Phishing
Which of the following are examples of tax shelters - ANSWERS-
Retirement funds and health-savings accounts
One reason that it is important to be very careful when using oral
communication in business is that oral communication - ANSWERS-
May not be remembered accurately
During a job interview, Christian did not maintain constant eye contact
with his interviewer. Instead, he looked down at his papers a few times.
The interviewer most likely assumed that Christian - ANSWERS-Was
nervous or trying to recall information
To defend your ideas in an objective and respectful way, you should -
ANSWERS-Present facts that support your point of view
Min is giving an entertaining presentation about the complex emotions
he experiences when trying to pick lunch items from the school's
cafeteria. When he frowns, smiles, scratches his head, and rubs his belly
END OF
PAGE
4
CLUSTER STUDY GUIDE
Which of the following statements about following directions is true -
ANSWERS-Restating directions in your own words helps clarify them
The most efficient way to obtain the current interest rates on certificates
of deposit purchased through Bank - ANSWERS-Visit the banks website
Milly's coworker asks her a question about a software program. Milly
isn't familiar with the program so she can't answer the question. There is
- ANSWERS-Knowledge gap
In business, economic downturns and technological changes are likely to
cause businesses to - ANSWERS-Make changes of their own
Bobs manager asked him to develop a report that compares their
company's fourth quarter performance with others in its industry. Which
financial analysis software feature should Bob use to generate
information for his report - ANSWERS-Benchmarking
Which of the following types of behavior tries to improve the general
quality of relationships - ANSWERS-Assertive
END OF
PAGE
1
, DECA FINANCE LATEST
CLUSTER STUDY GUIDE
The president of Acme identifies the jobs to be accomplished and
assigns responsibility for completing those jobs to specific departments.
What management function is the President in - ANSWERS-Organizing
Which of the following is most likely to have a negative effect on
financial markets - ANSWERS-Business expansion slows quickly
Doc released by stakeholders, Truman summarized the overall
performance of the organization by evaluating economic, environmental
and social factors. He developed a - ANSWERS-Sustainability report
A company manager is making a decision concerning promotional
strategy. What managerial accounting technique can assist in the
implementation phase of her decision making process - ANSWERS-
Recording and classifying transactions
Which of the following are example of deposit taking financial
institutions - ANSWERS-Credit unions, savings and loan associations,
and commercial banks
Stocks in which of the following industry sectors are least likely to be
affected by changes in the business
END OF
PAGE
2
, DECA FINANCE LATEST
CLUSTER STUDY GUIDE
cycle: - ANSWERS-Healthcare
Businesses usually invest in - ANSWERS-themselves
Which of the following is a characteristic of a legally binding contract? -
ANSWERS-Something of value must be exchanged
A business might conduct a compliance audit to - ANSWERS-Ensure
that it is following goverment regulations
What is an advantage of using technology in compliance - ANSWERS-
Increased efficiency
When a financial agent legally acts in the best interest of his/her clients,
the agent is establishing a(n) ___________ relationship - ANSWERS-
Fiduciary
Andrew received an official-looking email that appeared to be from a
government agency. The message requested that Andrew reply
immediately to the email and provide his bank account information and
credit card account numbers. Fortunately, Andrew found out that the
END OF
PAGE
3
, DECA FINANCE LATEST
CLUSTER STUDY GUIDE
message was fraudulent before he provided the information. What illegal
activity does this situation exemplify? - ANSWERS-Phishing
Which of the following are examples of tax shelters - ANSWERS-
Retirement funds and health-savings accounts
One reason that it is important to be very careful when using oral
communication in business is that oral communication - ANSWERS-
May not be remembered accurately
During a job interview, Christian did not maintain constant eye contact
with his interviewer. Instead, he looked down at his papers a few times.
The interviewer most likely assumed that Christian - ANSWERS-Was
nervous or trying to recall information
To defend your ideas in an objective and respectful way, you should -
ANSWERS-Present facts that support your point of view
Min is giving an entertaining presentation about the complex emotions
he experiences when trying to pick lunch items from the school's
cafeteria. When he frowns, smiles, scratches his head, and rubs his belly
END OF
PAGE
4
