©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
DECA Finance Exam Questions and
Answers 100% Solved
debtor-creditor relationship - ✔✔A debtor is someone who owes a financial
obligation (a "debt") to another, known as the creditor. Interest must be
charged.
affinity fraud - ✔✔- Affinity fraud refers to investment scams that prey upon
members of identifiable groups, such as religious or ethnic communities,
the elderly, or professional groups.
- The fraudsters who promote affinity scams frequently are - or pretend to
be - members of the group.
- Many affinity scams involve Ponzi or Pyramid schemes
phishing - ✔✔the fraudulent practice of sending emails purporting to be
from reputable companies in order to induce individuals to reveal personal
information, such as passwords and credit card numbers.
Types of communication (up and downward and lateral) - ✔✔- Upward:
process of information flowing from the lower levels of a hierarchy to the
upper levels
,©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
- Downward: occurs when information and messages flow down through an
organization's formal chain of command or hierarchical structure. In other
words, messages and orders start at the upper levels of the organizational
hierarchy and move down toward the bottom levels.
- Lateral/Horizontal: the exchange, imparting or sharing of information,
ideas or feeling between people within a community, peer groups,
departments or units of an organization who are at or about the same
hierarchical level as each other for the purpose of coordinating activities,
efforts or fulfilling a common purpose or goal.
economic resources - ✔✔Economic resources are the goods or services
available to individuals and businesses used to produce valuable consumer
products. Include land, labor, capital, and entrepreneurship, also known as
factors of production.
convergence ratio - ✔✔the measure of a company's ability to meet its
financial obligations. In broad terms, the higher the coverage ratio, the
better the ability of the enterprise to fulfill its obligations to its lenders.
financial consolidation - ✔✔the process of combining financial data from
several departments or business entities within an organization, usually for
reporting purposes.
, ©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
Data Mining - ✔✔- the practice of examining large databases in order to
generate new information. (the process of automated extraction of hidden,
previously unknown and potentially useful information from large
databases.)
- Includes artificial neutral networks, decision trees, dashboards, nearest-
neighbor method
Artificial Neutral Networks - ✔✔Set up in a similar way to neurons in our
brain. We use a digital computer to run a simulation of a bunch of heavily
interconnected little mini-programs which stand in for the neurons of our
simulated neural network.
Decision Trees - ✔✔a decision support tool that uses a tree-like graph or
model of decisions and their possible consequences, including chance
event outcomes, resource costs, and utility. It is one way to display an
algorithm.
Dashboards - ✔✔a user interface that, somewhat resembling an
automobile's dashboard, organizes and presents information in a way that
is easy to read.
Nearest Neighbor Method - ✔✔a prediction technique that is quite similar to
clustering - its essence is that in order to predict what a prediction value is
DECA Finance Exam Questions and
Answers 100% Solved
debtor-creditor relationship - ✔✔A debtor is someone who owes a financial
obligation (a "debt") to another, known as the creditor. Interest must be
charged.
affinity fraud - ✔✔- Affinity fraud refers to investment scams that prey upon
members of identifiable groups, such as religious or ethnic communities,
the elderly, or professional groups.
- The fraudsters who promote affinity scams frequently are - or pretend to
be - members of the group.
- Many affinity scams involve Ponzi or Pyramid schemes
phishing - ✔✔the fraudulent practice of sending emails purporting to be
from reputable companies in order to induce individuals to reveal personal
information, such as passwords and credit card numbers.
Types of communication (up and downward and lateral) - ✔✔- Upward:
process of information flowing from the lower levels of a hierarchy to the
upper levels
,©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
- Downward: occurs when information and messages flow down through an
organization's formal chain of command or hierarchical structure. In other
words, messages and orders start at the upper levels of the organizational
hierarchy and move down toward the bottom levels.
- Lateral/Horizontal: the exchange, imparting or sharing of information,
ideas or feeling between people within a community, peer groups,
departments or units of an organization who are at or about the same
hierarchical level as each other for the purpose of coordinating activities,
efforts or fulfilling a common purpose or goal.
economic resources - ✔✔Economic resources are the goods or services
available to individuals and businesses used to produce valuable consumer
products. Include land, labor, capital, and entrepreneurship, also known as
factors of production.
convergence ratio - ✔✔the measure of a company's ability to meet its
financial obligations. In broad terms, the higher the coverage ratio, the
better the ability of the enterprise to fulfill its obligations to its lenders.
financial consolidation - ✔✔the process of combining financial data from
several departments or business entities within an organization, usually for
reporting purposes.
, ©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
Data Mining - ✔✔- the practice of examining large databases in order to
generate new information. (the process of automated extraction of hidden,
previously unknown and potentially useful information from large
databases.)
- Includes artificial neutral networks, decision trees, dashboards, nearest-
neighbor method
Artificial Neutral Networks - ✔✔Set up in a similar way to neurons in our
brain. We use a digital computer to run a simulation of a bunch of heavily
interconnected little mini-programs which stand in for the neurons of our
simulated neural network.
Decision Trees - ✔✔a decision support tool that uses a tree-like graph or
model of decisions and their possible consequences, including chance
event outcomes, resource costs, and utility. It is one way to display an
algorithm.
Dashboards - ✔✔a user interface that, somewhat resembling an
automobile's dashboard, organizes and presents information in a way that
is easy to read.
Nearest Neighbor Method - ✔✔a prediction technique that is quite similar to
clustering - its essence is that in order to predict what a prediction value is
