DECA Business Administration Core Exam With Complete Solutions..
Franchise - (answer)a contractual agreement between a
parent company and a franchisee to distribute goods and services
Corporation - (answer)a form of business ownership that is owned by stockholders who
have purchased units or shares of the company
Elastic Demand - (answer)demand that changes according to changes in price
Inelastic Demand - (answer)demand that is not affected by changes in price.
Unitary Demand - (answer)when sales remain the
same because changes in supply and demand are equal
Tort - (answer)a private wrongdoing that potentially harms another person or entity
Doctrine of Sovereign Immunity - (answer)the universally accepted principle that each nation has the
right to manage its own government and develop
its own laws.
Job Enlargement - (answer)combining different tasks into one position
Job Rotation - (answer)moving from one job to another job within an organization
Specialization by Trade - (answer)the type of work that a person performs in order to earn a living, such
as engineering, public-relations, or accounting.
Frictional Unemployment - (answer)occurs because there are always workers who are in transition
, DECA Business Administration Core Exam With Complete Solutions..
Structural Unemployment - (answer)when the demand for certain types of workers declines and is often
due to technology advancements and the need for new skills
Cyclical Employment - (answer)result of changes in the economic and business cycles
Wage Garnishments - (answer)court-ordered initiatives that involve taking income taken from an
employee's salary and submitting it to another person or organization
Embezzlement - (answer)theft of valuables that have been entrusted to another's care
Securities Fraud - (answer)the use of misleading sales tactics to persuade investors to purchase
securities
Espionage - (answer)revealing confidential information without the source or owner's permission and is
often associated with spying
Variety-seeking Buying Behavior - (answer)involves the purchase of routine items
Brand-insistence Buying Behavior - (answer)buyer will not buy anything other than a specific
brand or product
Automation - (answer)involves the use of machines to carry out production tasks
Ergonomics - (answer)the study of the use of equipment or technology and
its effects on workers' physical well-being
Innovation - (answer)taking action to make the idea, item, or process available for consumers to use
Franchise - (answer)a contractual agreement between a
parent company and a franchisee to distribute goods and services
Corporation - (answer)a form of business ownership that is owned by stockholders who
have purchased units or shares of the company
Elastic Demand - (answer)demand that changes according to changes in price
Inelastic Demand - (answer)demand that is not affected by changes in price.
Unitary Demand - (answer)when sales remain the
same because changes in supply and demand are equal
Tort - (answer)a private wrongdoing that potentially harms another person or entity
Doctrine of Sovereign Immunity - (answer)the universally accepted principle that each nation has the
right to manage its own government and develop
its own laws.
Job Enlargement - (answer)combining different tasks into one position
Job Rotation - (answer)moving from one job to another job within an organization
Specialization by Trade - (answer)the type of work that a person performs in order to earn a living, such
as engineering, public-relations, or accounting.
Frictional Unemployment - (answer)occurs because there are always workers who are in transition
, DECA Business Administration Core Exam With Complete Solutions..
Structural Unemployment - (answer)when the demand for certain types of workers declines and is often
due to technology advancements and the need for new skills
Cyclical Employment - (answer)result of changes in the economic and business cycles
Wage Garnishments - (answer)court-ordered initiatives that involve taking income taken from an
employee's salary and submitting it to another person or organization
Embezzlement - (answer)theft of valuables that have been entrusted to another's care
Securities Fraud - (answer)the use of misleading sales tactics to persuade investors to purchase
securities
Espionage - (answer)revealing confidential information without the source or owner's permission and is
often associated with spying
Variety-seeking Buying Behavior - (answer)involves the purchase of routine items
Brand-insistence Buying Behavior - (answer)buyer will not buy anything other than a specific
brand or product
Automation - (answer)involves the use of machines to carry out production tasks
Ergonomics - (answer)the study of the use of equipment or technology and
its effects on workers' physical well-being
Innovation - (answer)taking action to make the idea, item, or process available for consumers to use
