Deca Entrepreneurship Series Solved
Correctly To Score A+
C CORRECT ANSWERS What is a type of intangible business property that is
protected by law?
- Acreage
- Inventory
- Trademark
- Equipment
D CORRECT ANSWERS Basic torts relating to businesses often involve dispute
concerning:
- emotional stress.
- assaults.
- defamation.
- contracts.
D CORRECT ANSWERS What is a characteristic of a business-format franchise?
- The name of the business is chosen by the franchisee.
- Products are bought directly from the supplier.
- It is the least popular franchise arrangement.
- Continuous assistance is provided by the franchisor.
D CORRECT ANSWERS Limited liability, indefinite length, ease of expansion, legal
entity, and transfer of ownership are considered advantages of a ______.
- sole proprietorship.
- partnership.
- trade union.
- corporation.
D CORRECT ANSWERS Channels of distribution benefit consumers by:
- increasing profits for businesses.
- lowering the prices of all consumer products.
- raising the quality of all consumer products.
- making a variety of products available to them.
A CORRECT ANSWERS For what markets would producers use a short channel of
distribution?
,- Local consumers
- Generation X
- Baby boomers
- Senior citizens
C CORRECT ANSWERS If a business considers wirer the consumers are and who they
are before selecting a channel of distribution, the business is considering the ______
factor.
- human
- promotion
- market
- sales
A CORRECT ANSWERS What do business employees often need to do before they
are able to write proposals?
- Research the problem
- Analyze personal biases
- Contact the customer
- Evaluate technical skills
B CORRECT ANSWERS What is an example of a manager developing a policy that
impacts customer relations?
- Increasing use of security devices
- Extending business hours on weekends
- Revising bookkeeping procedures
- Scheduling employees' work hours)
C CORRECT ANSWERS What should a successful brand promise to be able to do?
- Customize the product for each customer
- Clarify the company's processes
- Communicate an appealing benefit
- Convey a high-quality image
A CORRECT ANSWERS What is one way that freedom in a private enterprise system
is limited by laws?
- Certain occupations must be licensed.
- All workers must take ability tests.
- Specific pay scales are regulated.
- Employees must register with the state.
, A CORRECT ANSWERS During the month of July, sales at Handy's Shoe Mart totaled
$2,500. The cost of the shoes was $1,025. The owner paid $866 for supplies,
insurance, rent, and utilities during the month. The $609 left over represents the owner's
______.
- net profit.
- gross profit.
- sales income.
- operating expenses.
A CORRECT ANSWERS Non-corporations are taxed as pass-through entities, meaning
that:
- profits and losses are claimed on owners' personal tax returns.
- they do not have to pay payroll taxes.
- their income tax rates are lower than those of corporations.
- they pay only state and local taxes.
B CORRECT ANSWERS What activity is an example of preparing before attempting to
sell an idea?
- Explaining solutions to audience needs
- Determining the details of your idea
- Overcoming objections from the audience
- Affirming the audience's decision to "buy"
B CORRECT ANSWERS Managers are more likely to be able to persuade employees
to follow new procedures if the managers have ______.
- organizational skills.
- credibility.
- enthusiasm.
- self-motivation.
B CORRECT ANSWERS Ali wants to negotiate with her boss to take on more job
responsibilities. Before approaching her boss, Ali needs to determine her boss's position
and ______.
- abilities.
- interests.
- standards.
- procedures.
A CORRECT ANSWERS After writing your personal vision, what must you do to
achieve it?
Correctly To Score A+
C CORRECT ANSWERS What is a type of intangible business property that is
protected by law?
- Acreage
- Inventory
- Trademark
- Equipment
D CORRECT ANSWERS Basic torts relating to businesses often involve dispute
concerning:
- emotional stress.
- assaults.
- defamation.
- contracts.
D CORRECT ANSWERS What is a characteristic of a business-format franchise?
- The name of the business is chosen by the franchisee.
- Products are bought directly from the supplier.
- It is the least popular franchise arrangement.
- Continuous assistance is provided by the franchisor.
D CORRECT ANSWERS Limited liability, indefinite length, ease of expansion, legal
entity, and transfer of ownership are considered advantages of a ______.
- sole proprietorship.
- partnership.
- trade union.
- corporation.
D CORRECT ANSWERS Channels of distribution benefit consumers by:
- increasing profits for businesses.
- lowering the prices of all consumer products.
- raising the quality of all consumer products.
- making a variety of products available to them.
A CORRECT ANSWERS For what markets would producers use a short channel of
distribution?
,- Local consumers
- Generation X
- Baby boomers
- Senior citizens
C CORRECT ANSWERS If a business considers wirer the consumers are and who they
are before selecting a channel of distribution, the business is considering the ______
factor.
- human
- promotion
- market
- sales
A CORRECT ANSWERS What do business employees often need to do before they
are able to write proposals?
- Research the problem
- Analyze personal biases
- Contact the customer
- Evaluate technical skills
B CORRECT ANSWERS What is an example of a manager developing a policy that
impacts customer relations?
- Increasing use of security devices
- Extending business hours on weekends
- Revising bookkeeping procedures
- Scheduling employees' work hours)
C CORRECT ANSWERS What should a successful brand promise to be able to do?
- Customize the product for each customer
- Clarify the company's processes
- Communicate an appealing benefit
- Convey a high-quality image
A CORRECT ANSWERS What is one way that freedom in a private enterprise system
is limited by laws?
- Certain occupations must be licensed.
- All workers must take ability tests.
- Specific pay scales are regulated.
- Employees must register with the state.
, A CORRECT ANSWERS During the month of July, sales at Handy's Shoe Mart totaled
$2,500. The cost of the shoes was $1,025. The owner paid $866 for supplies,
insurance, rent, and utilities during the month. The $609 left over represents the owner's
______.
- net profit.
- gross profit.
- sales income.
- operating expenses.
A CORRECT ANSWERS Non-corporations are taxed as pass-through entities, meaning
that:
- profits and losses are claimed on owners' personal tax returns.
- they do not have to pay payroll taxes.
- their income tax rates are lower than those of corporations.
- they pay only state and local taxes.
B CORRECT ANSWERS What activity is an example of preparing before attempting to
sell an idea?
- Explaining solutions to audience needs
- Determining the details of your idea
- Overcoming objections from the audience
- Affirming the audience's decision to "buy"
B CORRECT ANSWERS Managers are more likely to be able to persuade employees
to follow new procedures if the managers have ______.
- organizational skills.
- credibility.
- enthusiasm.
- self-motivation.
B CORRECT ANSWERS Ali wants to negotiate with her boss to take on more job
responsibilities. Before approaching her boss, Ali needs to determine her boss's position
and ______.
- abilities.
- interests.
- standards.
- procedures.
A CORRECT ANSWERS After writing your personal vision, what must you do to
achieve it?
