ETDM DECA PERFORMANCE INDICATOR
QUESTIONS AND CORRECT ANSWERS GU
PASS
Describe cmethods cused cto cprotect cintellectual cproperty.
(BL:051) c- cCORRECT cANS✔✔Patents c- capplies cto cdesigns, cinventions, cetc.
Trademarks c- capplies cto cwords, cphrases, csymbols/logos, cetc. c
Trade csecrets c- capplies cto cprivate cinformation, cpractices, ctechniques, cetc., cthat care cnot cpublicl
Copyright c- cthe cright cto ccopy cor creproduce ca cproduct
Describe clegal cissues caffecting cbusinesses.
(BL:001) c- cCORRECT cANS✔✔Wrong cTermination cLawsuits c- cthe cformer cemployee csues cif c(s
cunjustly cfired
Harassment/Discrimination cCases c- cemployee/customer cwas charassed cor ctreated cinferiorly cdue
Immigration cAudits c- crequirement cof cbusinesses cto cfile cForm c1-9 cin corder cto cverify cemployee c
IP cIssues c- cdisputes cover cownership cof ctrademarkes, ccopyrights, cand/or cpatents
Dissatisfied cCustomer cs c- cconsumers cfeel cmisled cor cdeceived
Identify cthe cbasic ctorts crelating cto cbusiness centerprises.
(BL:069) c- cCORRECT cANS✔✔A cbusiness ctort cis ca ccivic cwrong ccommitted cagainst can corganiz
cits cassets. c
Types cof cTorts:
,Explain cthe cnature cof chuman cresources cregulations.
(BL:007) c- cCORRECT cANS✔✔Human cresources cregulations cexist cto cprovide ca csafeguard cfor
cgetting cthe crights cand ctreatment cthat cthey cdeserve.
Explain cthe cnature cof cworkplace cregulations c(including cOSHA, cADA).
(BL:008) c- cCORRECT cANS✔✔The cnature cof cworkplace cregulations care cto cprovide cconsistenc
cguidelines cof ca ccompany, cand cto cmake csure cthat cboth cthe ccompany cand cits cemployees care c
Explain ctypes cof cbusiness cownership.
(BL:003) c- cCORRECT cANS✔✔Sole cproprietorship c- cbusiness cis cowned/run cby cone cindividual c
cresponsible cfor call closs cor cdebt
Partnership c- cbusiness cis cowned/run cby ctwo cor cmore cparties cwho cagree cto cdivide cthe cprofits,
cshare cliability
Corporation c- cbusiness cis cowned/run cby cmultiple cshareholders cand coften csells cshares con cthe c
climited cliability.
Limited cLiability cCompany c(LLC) c- cbusiness cis cowned/run cby cmultiple cmembers c(not csharehold
cliable cfor cthe ccompany's closses cor cdebts. cConsidered ca chybrid cbetween ccorporations cand cso
Select cform cof cbusiness cownership.
(BL:006) c- cCORRECT cANS✔✔-
Explain cthe cnature cof ctax cregulations con cbusiness.
(BL:009) c- cCORRECT cANS✔✔The cnature cof ctax cregulations, cor ctreasury cregulations, con cbusi
cthe ctax claws cleave coff.
Explain cthe cnature cof cbusinesses' creporting crequirements.
(BL:010) c- cCORRECT cANS✔✔Businesses' creporting crequirements care cmeant cto cmake csure cth
ccan cevaluate ca ccompany's cfinancial cperformance cand cbusiness coperations. cAdditionally, cacce
cnecessary cfor ccompany ctransparency.
Develop cstrategies cfor clegal/government ccompliance.
(BL:011) c- cCORRECT cANS✔✔Establish, cevaluate, cstudy, cauthorize, ctrain, cinvolve, censure.
Prepare ccomplex cwritten creports.
(CO:009) c- cCORRECT cANS✔✔-
Write cproposals.
(CO:062) c- cCORRECT cANS✔✔-
Explain cmanagement's crole cin ccustomer crelations.
(CR:008) c- cCORRECT cANS✔✔Lead cand cmotivate cthe cteam cto censure cthey're cgiving cthe cbes
, (EC:010) c- cCORRECT cANS✔✔Sales cChanges c- cchanges cin csales ccosts care caffected cby ccerta
chealth, cmarket cstability, cnatural cfactors, cetc.) cand ccertain cinternal cfactors c(marketing cefforts, cp
coptions)
Material cPrice cChanges c- cchanges cin cmaterial cpricing care coften caffected cby ccertain cexternal cf
cdisasters, cglobal csupply cissues)
Labor cPrice cChanges c- cchanges cin clabor cpricing care coften caffected cby cfactors csuch cas cinsura
ceffectiveness cof ca ccompany's chuman cresource cmanagement.
Inventory cMethod cChanges c- cinventory cmethods cinclude cFIFO c(First-In, cFirst-Out), cLIFO c(Last-
ccost
Determine cfactors caffecting cbusiness crisk.
(EC:011) c- cCORRECT cANS✔✔Internal cFactors c- cpricing, cemployees, cvendors, ctechnological cfa
cmalfunctions, cetc.
External cFactors c- ceconomy, cnatural ccauses, cpolitical cfactors, cetc.
Explain cthe cconcept cof ccompetition.
(EC:012) c- cCORRECT cANS✔✔Competition cis cthe crivalry cbetween ccompanies cselling csimilar cp
cmotivates ccompanies cto cincrease csales cvolume cby cutilizing cthe cfour ccomponents cof cmarketing
cpromotion, cplace).
Determine cthe crelationship cbetween cgovernment cand cbusiness.
(EC:008) c- cCORRECT cANS✔✔In ca cplanned ceconomy cor cmarket ceconomy, cthe cgovernment cc
cbusiness cactivities cin cthe ccountry. cMost ccountries callow cfor ca clarge cdegree cof cprivate cbusines
cregulation cof ccertain caspects cof cthe ceconomy cthrough clegislative claws. cToday's crelationship cb
cbusiness cis cmainly ca cmixed ceconomy c(combines cprivate cand cpublic centerprise).
Describe cthe cnature cof ctaxes.
(EC:072) c- cCORRECT cANS✔✔Taxes cbenefit cthe csociety cand care cused cas cinstuments cfor catta
cGovernments cuse ctaxes cto ceither cspeed cor cslow ceconomic cgrowth.
Describe cthe cconcept cof ceconomies cof cscale.
(EC:077) c- cCORRECT cANS✔✔Economies cof cscale crefer cto creduced ccosts cper cunit cthat carise
ca cproduct.
Exhibit ccultural csensitivity.
(EI:033) c- cCORRECT cANS✔✔-
Leverage cpersonality ctypes cin cbusiness csituations.
(EI:104) c- cCORRECT cANS✔✔Introverts c- cprefer cto chave ctime cto cthink cabout ctheir cideas, cand
ctime cto crecharge cafter csocializing. cThey ccan crun cout cof cenergy cquickly cwhen cput cin cgroup csi
Extroverts c- cprefer cto cgenerate cideas cin ca cgroup csetting cand cfeel cmost cenergized cduring cback
cThey ceasily cbecome cbored cwhen cthey ccannot cactively cparticipate cin ca cconversation.
QUESTIONS AND CORRECT ANSWERS GU
PASS
Describe cmethods cused cto cprotect cintellectual cproperty.
(BL:051) c- cCORRECT cANS✔✔Patents c- capplies cto cdesigns, cinventions, cetc.
Trademarks c- capplies cto cwords, cphrases, csymbols/logos, cetc. c
Trade csecrets c- capplies cto cprivate cinformation, cpractices, ctechniques, cetc., cthat care cnot cpublicl
Copyright c- cthe cright cto ccopy cor creproduce ca cproduct
Describe clegal cissues caffecting cbusinesses.
(BL:001) c- cCORRECT cANS✔✔Wrong cTermination cLawsuits c- cthe cformer cemployee csues cif c(s
cunjustly cfired
Harassment/Discrimination cCases c- cemployee/customer cwas charassed cor ctreated cinferiorly cdue
Immigration cAudits c- crequirement cof cbusinesses cto cfile cForm c1-9 cin corder cto cverify cemployee c
IP cIssues c- cdisputes cover cownership cof ctrademarkes, ccopyrights, cand/or cpatents
Dissatisfied cCustomer cs c- cconsumers cfeel cmisled cor cdeceived
Identify cthe cbasic ctorts crelating cto cbusiness centerprises.
(BL:069) c- cCORRECT cANS✔✔A cbusiness ctort cis ca ccivic cwrong ccommitted cagainst can corganiz
cits cassets. c
Types cof cTorts:
,Explain cthe cnature cof chuman cresources cregulations.
(BL:007) c- cCORRECT cANS✔✔Human cresources cregulations cexist cto cprovide ca csafeguard cfor
cgetting cthe crights cand ctreatment cthat cthey cdeserve.
Explain cthe cnature cof cworkplace cregulations c(including cOSHA, cADA).
(BL:008) c- cCORRECT cANS✔✔The cnature cof cworkplace cregulations care cto cprovide cconsistenc
cguidelines cof ca ccompany, cand cto cmake csure cthat cboth cthe ccompany cand cits cemployees care c
Explain ctypes cof cbusiness cownership.
(BL:003) c- cCORRECT cANS✔✔Sole cproprietorship c- cbusiness cis cowned/run cby cone cindividual c
cresponsible cfor call closs cor cdebt
Partnership c- cbusiness cis cowned/run cby ctwo cor cmore cparties cwho cagree cto cdivide cthe cprofits,
cshare cliability
Corporation c- cbusiness cis cowned/run cby cmultiple cshareholders cand coften csells cshares con cthe c
climited cliability.
Limited cLiability cCompany c(LLC) c- cbusiness cis cowned/run cby cmultiple cmembers c(not csharehold
cliable cfor cthe ccompany's closses cor cdebts. cConsidered ca chybrid cbetween ccorporations cand cso
Select cform cof cbusiness cownership.
(BL:006) c- cCORRECT cANS✔✔-
Explain cthe cnature cof ctax cregulations con cbusiness.
(BL:009) c- cCORRECT cANS✔✔The cnature cof ctax cregulations, cor ctreasury cregulations, con cbusi
cthe ctax claws cleave coff.
Explain cthe cnature cof cbusinesses' creporting crequirements.
(BL:010) c- cCORRECT cANS✔✔Businesses' creporting crequirements care cmeant cto cmake csure cth
ccan cevaluate ca ccompany's cfinancial cperformance cand cbusiness coperations. cAdditionally, cacce
cnecessary cfor ccompany ctransparency.
Develop cstrategies cfor clegal/government ccompliance.
(BL:011) c- cCORRECT cANS✔✔Establish, cevaluate, cstudy, cauthorize, ctrain, cinvolve, censure.
Prepare ccomplex cwritten creports.
(CO:009) c- cCORRECT cANS✔✔-
Write cproposals.
(CO:062) c- cCORRECT cANS✔✔-
Explain cmanagement's crole cin ccustomer crelations.
(CR:008) c- cCORRECT cANS✔✔Lead cand cmotivate cthe cteam cto censure cthey're cgiving cthe cbes
, (EC:010) c- cCORRECT cANS✔✔Sales cChanges c- cchanges cin csales ccosts care caffected cby ccerta
chealth, cmarket cstability, cnatural cfactors, cetc.) cand ccertain cinternal cfactors c(marketing cefforts, cp
coptions)
Material cPrice cChanges c- cchanges cin cmaterial cpricing care coften caffected cby ccertain cexternal cf
cdisasters, cglobal csupply cissues)
Labor cPrice cChanges c- cchanges cin clabor cpricing care coften caffected cby cfactors csuch cas cinsura
ceffectiveness cof ca ccompany's chuman cresource cmanagement.
Inventory cMethod cChanges c- cinventory cmethods cinclude cFIFO c(First-In, cFirst-Out), cLIFO c(Last-
ccost
Determine cfactors caffecting cbusiness crisk.
(EC:011) c- cCORRECT cANS✔✔Internal cFactors c- cpricing, cemployees, cvendors, ctechnological cfa
cmalfunctions, cetc.
External cFactors c- ceconomy, cnatural ccauses, cpolitical cfactors, cetc.
Explain cthe cconcept cof ccompetition.
(EC:012) c- cCORRECT cANS✔✔Competition cis cthe crivalry cbetween ccompanies cselling csimilar cp
cmotivates ccompanies cto cincrease csales cvolume cby cutilizing cthe cfour ccomponents cof cmarketing
cpromotion, cplace).
Determine cthe crelationship cbetween cgovernment cand cbusiness.
(EC:008) c- cCORRECT cANS✔✔In ca cplanned ceconomy cor cmarket ceconomy, cthe cgovernment cc
cbusiness cactivities cin cthe ccountry. cMost ccountries callow cfor ca clarge cdegree cof cprivate cbusines
cregulation cof ccertain caspects cof cthe ceconomy cthrough clegislative claws. cToday's crelationship cb
cbusiness cis cmainly ca cmixed ceconomy c(combines cprivate cand cpublic centerprise).
Describe cthe cnature cof ctaxes.
(EC:072) c- cCORRECT cANS✔✔Taxes cbenefit cthe csociety cand care cused cas cinstuments cfor catta
cGovernments cuse ctaxes cto ceither cspeed cor cslow ceconomic cgrowth.
Describe cthe cconcept cof ceconomies cof cscale.
(EC:077) c- cCORRECT cANS✔✔Economies cof cscale crefer cto creduced ccosts cper cunit cthat carise
ca cproduct.
Exhibit ccultural csensitivity.
(EI:033) c- cCORRECT cANS✔✔-
Leverage cpersonality ctypes cin cbusiness csituations.
(EI:104) c- cCORRECT cANS✔✔Introverts c- cprefer cto chave ctime cto cthink cabout ctheir cideas, cand
ctime cto crecharge cafter csocializing. cThey ccan crun cout cof cenergy cquickly cwhen cput cin cgroup csi
Extroverts c- cprefer cto cgenerate cideas cin ca cgroup csetting cand cfeel cmost cenergized cduring cback
cThey ceasily cbecome cbored cwhen cthey ccannot cactively cparticipate cin ca cconversation.
