DECA Entrepreneurship Online Exam
Questions with complete solutions
One of the most common ways for a business to obtain working capital is to apply for a __________
loan.
long-term
guaranteed
mortgage
short-term - correct answer ✔✔short-term
To do the most effective job of selecting a new employee, the business's first step should be to
conduct a job analysis.
conduct interviews.
take applications.
review resumes. - correct answer ✔✔conduct a job analysis
When marketers sort customers psychographically, they divide them by
level of education.
lifestyle habits.
likable traits.
loyalty to a brand. - correct answer ✔✔lifestyle habits
Which of the following is a benefit of promotion:
Increased customer loyalty
Increased costs
Decreased sales
Decreased employment opportunities - correct answer ✔✔increased customer loyalty
, Before a business owner decides to hire a new salesperson, they must first
consider the demand for the business's product.
obtain application forms from the government.
ask current employees to increase their workloads.
limit other employees' hours. - correct answer ✔✔consider the demand for the business's product
Which of the following is an example of transparency in corporate governance:
Releasing financial documents only if pressured to by shareholders
Embellishing or exaggerating company success to shareholders
Promptly disclosing financial information to shareholders
Communicating goals and strategies to top management only - correct answer ✔✔promptly disclosing
financial information to shareholders
Landon started a furniture manufacturing company several years ago and is considering expanding his
product line to attract new customers. Landon is currently evaluating the company's existing resources to
determine ways that he can apply his current capabilities to new product opportunities. What type of
analysis is Landon conducting?
External-focus
Inside-out
Competitive
Cultural - correct answer ✔✔inside-out
Small businesses are important to the economy because they
indicate future economic trends.
create employment opportunities.
have a large impact on the stock market.
generate large amounts of revenue. - correct answer ✔✔create employment oppurtunities
***Which of the following is an activity that must take place within a channel of distribution:
Preparing detailed marketing reports
Questions with complete solutions
One of the most common ways for a business to obtain working capital is to apply for a __________
loan.
long-term
guaranteed
mortgage
short-term - correct answer ✔✔short-term
To do the most effective job of selecting a new employee, the business's first step should be to
conduct a job analysis.
conduct interviews.
take applications.
review resumes. - correct answer ✔✔conduct a job analysis
When marketers sort customers psychographically, they divide them by
level of education.
lifestyle habits.
likable traits.
loyalty to a brand. - correct answer ✔✔lifestyle habits
Which of the following is a benefit of promotion:
Increased customer loyalty
Increased costs
Decreased sales
Decreased employment opportunities - correct answer ✔✔increased customer loyalty
, Before a business owner decides to hire a new salesperson, they must first
consider the demand for the business's product.
obtain application forms from the government.
ask current employees to increase their workloads.
limit other employees' hours. - correct answer ✔✔consider the demand for the business's product
Which of the following is an example of transparency in corporate governance:
Releasing financial documents only if pressured to by shareholders
Embellishing or exaggerating company success to shareholders
Promptly disclosing financial information to shareholders
Communicating goals and strategies to top management only - correct answer ✔✔promptly disclosing
financial information to shareholders
Landon started a furniture manufacturing company several years ago and is considering expanding his
product line to attract new customers. Landon is currently evaluating the company's existing resources to
determine ways that he can apply his current capabilities to new product opportunities. What type of
analysis is Landon conducting?
External-focus
Inside-out
Competitive
Cultural - correct answer ✔✔inside-out
Small businesses are important to the economy because they
indicate future economic trends.
create employment opportunities.
have a large impact on the stock market.
generate large amounts of revenue. - correct answer ✔✔create employment oppurtunities
***Which of the following is an activity that must take place within a channel of distribution:
Preparing detailed marketing reports
