1
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DECA-Finance Cluster Exam Questions and
Answers (100% Correct Answers) Already
Graded A+
Q: 1. Which of the following is a type of intangible business property that is
protected by law:
A. Equipment
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B. Inventory
C. Acreage
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D. Trademark
Ans✅ ✅: D
Q: 2. When filing a tort against a business, the plaintiff must establish that the
defendant
A. damaged property intentionally.
B. breached the duty of care.
C. conspired with a competitor.
D. violated the doctrine of sovereign immunity.
Ans✅ ✅: B
Q: 3. Which of the following is an example of a voluntary debtor-creditor
relationship:
A. Requiring specific information
, 2
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B. Receiving a monetary gift
C. Obtaining a loan from a bank
D. Owing punitive damages
Ans✅ ✅: C
Q: 4. Chris purchased 500 shares of microcap HRR stock. Then, he posted false
information about HRR on several investment websites to hype up the stock.
After driving up the price of HRR stock, Chris quickly sold all of his stock in the
company and earned a large profit. The price of the stock then fell, leaving HRR
investors with worthless stock. What type of investment scam did Chris commit?
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A. Phishing
B. Pyramid scheme
C. Ponzi scheme
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D. Pump and dump
Ans✅ ✅: D
Q: 5. Which of the following statements best describes the taxation of Roth IRAs:
A. Contributions and withdrawals during retirement are both taxed.
B. Contributions are tax deductible, but withdrawals during retirement are taxed.
C. Contributions are taxed, but withdrawals during retirement are not.
D. Contributions and withdrawals during retirement are tax deductible.
Ans✅ ✅: C
Q: 6. Compliance in the finance industry involves financial institutions operating
within
A. specific territories.
, 3
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B. regulatory guidelines.
C. organizational plans.
D. different relationships.
Ans✅ ✅: B
Q: 7. In general, a governance, risk, and compliance (GRC) software system
identifies and measures risk; monitors the risk-management system; routinely
checks adherence to company-wide policies; and ensures compliance with
A. reporting requirements.
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B. union demands.
C. product standards.
D. contingency plans.
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Ans✅ ✅: A
Q: 8. While conducting a staff meeting, the speaker noticed that Colin was
texting on his smartphone. Colin's nonverbal behavior indicates that he was
A. distracted.
B. annoyed.
C. listening to the speaker.
D. interested in the topic.
Ans✅ ✅: A
Q: 9. Before DiAnn presents her new idea to her boss, she searches the Internet
and jots down two statistics that reinforce the idea. This is an example of
A. obtaining primary information.
B. supporting ideas with evidence.
, 4
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C. giving alternative ideas.
D. clarifying a new idea.
Ans✅ ✅: B
Q: 10. At work, Bob is assigned to be on a team of five people that will create a
new product. Which action can Bob take to participate in the team in a useful
way?
A. Keep the group on track by stopping others from offering unusual ideas
B. Encourage the team to avoid setting ground rules
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C. Find out what other people in the group know about the product
D. Walk around the room during discussions to keep energy in the group
Ans✅ ✅: C
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Q: 11. Alma is preparing a presentation about her department's budget to make
to the company president. She wants to use a visual representation of the budget
that shows parts in relation to the whole. Alma should consider using a
A. table.
B. pie chart.
C. line graph.
D. bar graph.
Ans✅ ✅: B
Q: 12. What type of letter should a business include when sending copies of a
contract to a vendor?
A. Request
B. Acknowledgment
For Expert help and assignment solutions, +254707240657
DECA-Finance Cluster Exam Questions and
Answers (100% Correct Answers) Already
Graded A+
Q: 1. Which of the following is a type of intangible business property that is
protected by law:
A. Equipment
© 2025 Assignment Expert
B. Inventory
C. Acreage
Guru01 - Stuvia
D. Trademark
Ans✅ ✅: D
Q: 2. When filing a tort against a business, the plaintiff must establish that the
defendant
A. damaged property intentionally.
B. breached the duty of care.
C. conspired with a competitor.
D. violated the doctrine of sovereign immunity.
Ans✅ ✅: B
Q: 3. Which of the following is an example of a voluntary debtor-creditor
relationship:
A. Requiring specific information
, 2
For Expert help and assignment solutions, +254707240657
B. Receiving a monetary gift
C. Obtaining a loan from a bank
D. Owing punitive damages
Ans✅ ✅: C
Q: 4. Chris purchased 500 shares of microcap HRR stock. Then, he posted false
information about HRR on several investment websites to hype up the stock.
After driving up the price of HRR stock, Chris quickly sold all of his stock in the
company and earned a large profit. The price of the stock then fell, leaving HRR
investors with worthless stock. What type of investment scam did Chris commit?
© 2025 Assignment Expert
A. Phishing
B. Pyramid scheme
C. Ponzi scheme
Guru01 - Stuvia
D. Pump and dump
Ans✅ ✅: D
Q: 5. Which of the following statements best describes the taxation of Roth IRAs:
A. Contributions and withdrawals during retirement are both taxed.
B. Contributions are tax deductible, but withdrawals during retirement are taxed.
C. Contributions are taxed, but withdrawals during retirement are not.
D. Contributions and withdrawals during retirement are tax deductible.
Ans✅ ✅: C
Q: 6. Compliance in the finance industry involves financial institutions operating
within
A. specific territories.
, 3
For Expert help and assignment solutions, +254707240657
B. regulatory guidelines.
C. organizational plans.
D. different relationships.
Ans✅ ✅: B
Q: 7. In general, a governance, risk, and compliance (GRC) software system
identifies and measures risk; monitors the risk-management system; routinely
checks adherence to company-wide policies; and ensures compliance with
A. reporting requirements.
© 2025 Assignment Expert
B. union demands.
C. product standards.
D. contingency plans.
Guru01 - Stuvia
Ans✅ ✅: A
Q: 8. While conducting a staff meeting, the speaker noticed that Colin was
texting on his smartphone. Colin's nonverbal behavior indicates that he was
A. distracted.
B. annoyed.
C. listening to the speaker.
D. interested in the topic.
Ans✅ ✅: A
Q: 9. Before DiAnn presents her new idea to her boss, she searches the Internet
and jots down two statistics that reinforce the idea. This is an example of
A. obtaining primary information.
B. supporting ideas with evidence.
, 4
For Expert help and assignment solutions, +254707240657
C. giving alternative ideas.
D. clarifying a new idea.
Ans✅ ✅: B
Q: 10. At work, Bob is assigned to be on a team of five people that will create a
new product. Which action can Bob take to participate in the team in a useful
way?
A. Keep the group on track by stopping others from offering unusual ideas
B. Encourage the team to avoid setting ground rules
© 2025 Assignment Expert
C. Find out what other people in the group know about the product
D. Walk around the room during discussions to keep energy in the group
Ans✅ ✅: C
Guru01 - Stuvia
Q: 11. Alma is preparing a presentation about her department's budget to make
to the company president. She wants to use a visual representation of the budget
that shows parts in relation to the whole. Alma should consider using a
A. table.
B. pie chart.
C. line graph.
D. bar graph.
Ans✅ ✅: B
Q: 12. What type of letter should a business include when sending copies of a
contract to a vendor?
A. Request
B. Acknowledgment
