Missed questions on DECA
entrepreneurship practice exam fully
solved
True - correct answer ✔✔The feasibility study is completed before the business plan is developed.
Assets = Liabilities + Owner's Equity - correct answer ✔✔Balance sheet equation
Continuity plan - correct answer ✔✔Includes procedures for dealing with events that threaten to shut
down business operations for an extended period of time
Crisis management - correct answer ✔✔An important activity performed by a business's public relations
staff.
Budget - correct answer ✔✔A tool to control expenses.
Appropriate match of employees to jobs - correct answer ✔✔A benefit of effective employee selection
procedures.
False - correct answer ✔✔Fans sharing the release date for a new product on Facebook is an example of
an amplified word-of-mouth strategy.
(Revenue - cost of goods sold) / revenue - correct answer ✔✔Gross margin formula (expressed as a
percentage)
False - correct answer ✔✔Operating costs are fixed expenses.
True - correct answer ✔✔Operating costs are not directly related to production.
entrepreneurship practice exam fully
solved
True - correct answer ✔✔The feasibility study is completed before the business plan is developed.
Assets = Liabilities + Owner's Equity - correct answer ✔✔Balance sheet equation
Continuity plan - correct answer ✔✔Includes procedures for dealing with events that threaten to shut
down business operations for an extended period of time
Crisis management - correct answer ✔✔An important activity performed by a business's public relations
staff.
Budget - correct answer ✔✔A tool to control expenses.
Appropriate match of employees to jobs - correct answer ✔✔A benefit of effective employee selection
procedures.
False - correct answer ✔✔Fans sharing the release date for a new product on Facebook is an example of
an amplified word-of-mouth strategy.
(Revenue - cost of goods sold) / revenue - correct answer ✔✔Gross margin formula (expressed as a
percentage)
False - correct answer ✔✔Operating costs are fixed expenses.
True - correct answer ✔✔Operating costs are not directly related to production.
