DECA entrepreneurship test questions
with complete solutions to pass
Define SBA and list 3 ways they help small business - correct answer ✔✔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 answer ✔✔Corporate
downsizing, need for dual incomes, global economy, government support,
technology and the internet
How is outsourcing leading to new industries - correct answer ✔✔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 answer ✔✔Doing business around the world.
This is now easier than ever before
Difference between public and private businesses - correct answer
✔✔Government jobs like teachers police and government employees. Private jobs
are corporate america jobs through entrepreneurs.
Importance of entrepreneurship - correct answer ✔✔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
with complete solutions to pass
Define SBA and list 3 ways they help small business - correct answer ✔✔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 answer ✔✔Corporate
downsizing, need for dual incomes, global economy, government support,
technology and the internet
How is outsourcing leading to new industries - correct answer ✔✔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 answer ✔✔Doing business around the world.
This is now easier than ever before
Difference between public and private businesses - correct answer
✔✔Government jobs like teachers police and government employees. Private jobs
are corporate america jobs through entrepreneurs.
Importance of entrepreneurship - correct answer ✔✔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
