DECA Test Review Principles of Finance
With 100% Correct Answers 2025
Sole Proprietorship CORRECT ANSWERS A business owned by one person. Person
recieves any profits made by business.
merger CORRECT ANSWERS the absorption of one company by another rather than a
type of business ownership.
Partnership CORRECT ANSWERS a company owned by one or two more people, and
profits would be split between them.
Corporation CORRECT ANSWERS owned by people who own stock in the business,
and they split the profits.
Bibliography- CORRECT ANSWERS Cites sources and verifies that a website is using
accurate information.
Factors that cause an employee not to listen: CORRECT ANSWERS Past experiences,
attention span, age differences, and language skills.
People can change the meaning of their words by changing the: CORRECT ANSWERS
tone of their voice.
Economy of Speech, Tempo, and Accuracy: CORRECT ANSWERS EOS means using
as few words as possible to express an idea. Tempo is the speed or rhythm the speaker
uses. Accuracy is the correctness of the message.
Frowning and Clenched fists= CORRECT ANSWERS anger
Why should direction be given in order? CORRECT ANSWERS To prevent confusion
and forgetting things.
What should employees be willing to accept when defending their ideas objectively?
CORRECT ANSWERS Critical feedback from other emploees. Should be prepeared to
defeend their ideas.
Organizing Information does what- CORRECT ANSWERS helps you communicate your
message to your audience in a meaningful way. One way to organize information is to
write down key points on notecards (index cards). Then, you can place the cards in the
order of their importance or categories.
pie chart CORRECT ANSWERS A Pie Chart- Pie charts are the best way to show how
categories make up the whole. For example, a piechart could help you illustrate how
, your budget is allocated to the different departments in your company. It would not be
as effective to use a bar graph, a line graph, or a table to show this information.
Effective Written Communication- CORRECT ANSWERS clear and easy to read so
employees do not have to try and figure things out. Should follow logical train of
thought, readers should be able to find what they are looking for. Takes minimum
amount of time to comprehend and read.
Before sending a professional email message to a business associate, a
businessperson should- CORRECT ANSWERS Proofread the message for any spelling
or grammatical errors.
External Audience- CORRECT ANSWERS things are directed towards potential
customers outside of the business. Print advertisements is an example.
Internal Audience CORRECT ANSWERS Employees of the business. Things aimed
towards them would be like an employee handbook, an inventory report, and an office
calendar
Which of the following information should be shared immediately with all staff:
CORRECT ANSWERS A customer has complained about the service s/he received.
Which of the following will help you have a pleasant voice when speaking to customers
CORRECT ANSWERS Speak at a comferable tone. Not to high or to low, quick or to
slow.
A business's service orientation is its level of commitment to: CORRECT ANSWERS
satisfy customers. When a business provides good service, it is satisfying customers
and encouraging repeat sales.
"I'd like to have that in writing before I give you my money," best describes the
__________ customer. CORRECT ANSWERS Suspisious
Suspicious Customers... CORRECT ANSWERS want facts nd proof before making a
buying decision.
Disagreeable Customers: CORRECT ANSWERS unpleasant and hard to help.
Dishonest Customers: CORRECT ANSWERS Customers who intentionally attempt to
avoid paying part or all of the price for a product
Slow/Methodical Customers: CORRECT ANSWERS Customers who require a lot of
time to make a purchase because of indecisiveness
good way to immediately calm an irate customer who has just made an angry complaint
is to: CORRECT ANSWERS thank the customer for identifying the problem.
With 100% Correct Answers 2025
Sole Proprietorship CORRECT ANSWERS A business owned by one person. Person
recieves any profits made by business.
merger CORRECT ANSWERS the absorption of one company by another rather than a
type of business ownership.
Partnership CORRECT ANSWERS a company owned by one or two more people, and
profits would be split between them.
Corporation CORRECT ANSWERS owned by people who own stock in the business,
and they split the profits.
Bibliography- CORRECT ANSWERS Cites sources and verifies that a website is using
accurate information.
Factors that cause an employee not to listen: CORRECT ANSWERS Past experiences,
attention span, age differences, and language skills.
People can change the meaning of their words by changing the: CORRECT ANSWERS
tone of their voice.
Economy of Speech, Tempo, and Accuracy: CORRECT ANSWERS EOS means using
as few words as possible to express an idea. Tempo is the speed or rhythm the speaker
uses. Accuracy is the correctness of the message.
Frowning and Clenched fists= CORRECT ANSWERS anger
Why should direction be given in order? CORRECT ANSWERS To prevent confusion
and forgetting things.
What should employees be willing to accept when defending their ideas objectively?
CORRECT ANSWERS Critical feedback from other emploees. Should be prepeared to
defeend their ideas.
Organizing Information does what- CORRECT ANSWERS helps you communicate your
message to your audience in a meaningful way. One way to organize information is to
write down key points on notecards (index cards). Then, you can place the cards in the
order of their importance or categories.
pie chart CORRECT ANSWERS A Pie Chart- Pie charts are the best way to show how
categories make up the whole. For example, a piechart could help you illustrate how
, your budget is allocated to the different departments in your company. It would not be
as effective to use a bar graph, a line graph, or a table to show this information.
Effective Written Communication- CORRECT ANSWERS clear and easy to read so
employees do not have to try and figure things out. Should follow logical train of
thought, readers should be able to find what they are looking for. Takes minimum
amount of time to comprehend and read.
Before sending a professional email message to a business associate, a
businessperson should- CORRECT ANSWERS Proofread the message for any spelling
or grammatical errors.
External Audience- CORRECT ANSWERS things are directed towards potential
customers outside of the business. Print advertisements is an example.
Internal Audience CORRECT ANSWERS Employees of the business. Things aimed
towards them would be like an employee handbook, an inventory report, and an office
calendar
Which of the following information should be shared immediately with all staff:
CORRECT ANSWERS A customer has complained about the service s/he received.
Which of the following will help you have a pleasant voice when speaking to customers
CORRECT ANSWERS Speak at a comferable tone. Not to high or to low, quick or to
slow.
A business's service orientation is its level of commitment to: CORRECT ANSWERS
satisfy customers. When a business provides good service, it is satisfying customers
and encouraging repeat sales.
"I'd like to have that in writing before I give you my money," best describes the
__________ customer. CORRECT ANSWERS Suspisious
Suspicious Customers... CORRECT ANSWERS want facts nd proof before making a
buying decision.
Disagreeable Customers: CORRECT ANSWERS unpleasant and hard to help.
Dishonest Customers: CORRECT ANSWERS Customers who intentionally attempt to
avoid paying part or all of the price for a product
Slow/Methodical Customers: CORRECT ANSWERS Customers who require a lot of
time to make a purchase because of indecisiveness
good way to immediately calm an irate customer who has just made an angry complaint
is to: CORRECT ANSWERS thank the customer for identifying the problem.
