DECA entrepreneurship test complete
questions and answers | solved
Define SBA and list 3 ways they help small business CORRECT ANSWERS The small
business administration provides federal aid to small businesses. This is through
education, grants, and loan guarantees.
2 reasons why Entrepreneurship is growing CORRECT ANSWERS Corporate
downsizing, need for dual incomes, global economy, government support, technology
and the internet
How is outsourcing leading to new industries CORRECT ANSWERS It creates the
opportunity to create a company that can preform a specific job for a company at a
reduced cost to the company. For instance Janaking providing janitorial services to big
companies or the food service at our school
Define global economy CORRECT ANSWERS Doing business around the world. This
is now easier than ever before
Difference between public and private businesses CORRECT ANSWERS Government
jobs like teachers police and government employees. Private jobs are corporate
america jobs through entrepreneurs.
Importance of entrepreneurship CORRECT ANSWERS Small businesses employ over
50% of all private sector employees. It accounts for over 45% of private sector payroll.
97% of exports from small businesses and 60-805 of all new jobs over past 10 years
What is a trade deficit CORRECT ANSWERS When a company imports more than it
exports
Define brick and Mortar CORRECT ANSWERS A business' physical location
What does scaling a business mean CORRECT ANSWERS Growing it
Difference between an idea and opportunity CORRECT ANSWERS An idea is a
thought while an opportunity is an idea with commercial potential
Define revenue stream CORRECT ANSWERS A companies source of income
Define business model CORRECT ANSWERS How the company makes money or
what the company does
questions and answers | solved
Define SBA and list 3 ways they help small business CORRECT ANSWERS The small
business administration provides federal aid to small businesses. This is through
education, grants, and loan guarantees.
2 reasons why Entrepreneurship is growing CORRECT ANSWERS Corporate
downsizing, need for dual incomes, global economy, government support, technology
and the internet
How is outsourcing leading to new industries CORRECT ANSWERS It creates the
opportunity to create a company that can preform a specific job for a company at a
reduced cost to the company. For instance Janaking providing janitorial services to big
companies or the food service at our school
Define global economy CORRECT ANSWERS Doing business around the world. This
is now easier than ever before
Difference between public and private businesses CORRECT ANSWERS Government
jobs like teachers police and government employees. Private jobs are corporate
america jobs through entrepreneurs.
Importance of entrepreneurship CORRECT ANSWERS Small businesses employ over
50% of all private sector employees. It accounts for over 45% of private sector payroll.
97% of exports from small businesses and 60-805 of all new jobs over past 10 years
What is a trade deficit CORRECT ANSWERS When a company imports more than it
exports
Define brick and Mortar CORRECT ANSWERS A business' physical location
What does scaling a business mean CORRECT ANSWERS Growing it
Difference between an idea and opportunity CORRECT ANSWERS An idea is a
thought while an opportunity is an idea with commercial potential
Define revenue stream CORRECT ANSWERS A companies source of income
Define business model CORRECT ANSWERS How the company makes money or
what the company does
