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DECA SAMPLE EXAM ENTREPRENEURSHIP well answered to pass

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DECA SAMPLE EXAM ENTREPRENEURSHIP well answered to pass

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DECA SAMPLE EXAM
ENTREPRENEURSHIP well answered to
pass

The owner of the Vidal Boutique verbally offers to sell Brielle's original hat designs in the shop and to
give her a 50% commission on the sale of the hats. Briele verbally agrees to deliver two new hats for the
shop to sell each week. Brielle and the boutique owner's agreement is an example of a(an) - correct
answer ✔✔Express



Which of the following prevents individual other than the holder from making, selling, or using an
invention. - correct answer ✔✔Patent



Allison just started her own photography business. She will be working alone, and she doesn't anticipate
many business expenses or lawsuits. Which type of business ownership is best for Allison. - correct
answer ✔✔Sole proprietorship



Which of the following is the type of tax that businesses are required to collect from customers when
they purchase certain goods or services. - correct answer ✔✔Sales



Loggins Forestry and Mill Company sells wood to Henderson Wood Products. Henderson sells the wood
to Franklin Construction Company, who uses the wood to build homes and office buildings. What is the
channel of distribution for the wood products? - correct answer ✔✔Producer to industrial distributor to
industrial user



Wingo's sells the products it produces through its own catalog, which is a form ______ of distribution. -
correct answer ✔✔Direct



A business deciding to sell custom-made items directly to consumers is an example of selecting a
distribution channel based on the - correct answer ✔✔Product



Which of the following helps the reader find specific elements of a formal report - correct answer
✔✔Table of contents

, What should a successful brand promise to be able to do - correct answer ✔✔Communicate an
appealing benefit



Which of the following is an example of an uninsurable risk - correct answer ✔✔Customer buying habits



Which of the following is an example of a government regulation that affects a business's working
conditions - correct answer ✔✔Minimum wage



You are the manager of a small-scale manufacturing company. You are faced with the decision to buy
newer, more expensive equipment that is highly efficient, or to continue using the older, less efficient
equipment. your company would need to increase ______ to makeup the cost of the purchase of the
new equipment. - correct answer ✔✔Output



Which of the following are secondary dimensions of diversity - correct answer ✔✔Income, family status,
and educational level



Rob has a job interview this afternoon. In the morning, he goes over his other job offers to figure out
which job he will accept (and what the salary and benefits are) if this employer doesn't offer him a
position. Rob is developing his - correct answer ✔✔BATNA



The first step toward becoming a leader - correct answer ✔✔Believing you can do it



When determining venture-creation opportunities, entrepreneurs must first - correct answer
✔✔Conduct Research



Which of the following statements is true regarding stakeholder expectations - correct answer ✔✔Each
group of stakeholders has different needs and expectations



Why is it important to share the best techniques for performing a job task with your coworkers? - correct
answer ✔✔It builds good working relationships

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