fbla competitive events UPDATED Exam
Questions and CORRECT Answers
3D Animation - CORRECT ANSWER - Two (2) parts: a prejudged project and a
presentation. Competitors must complete both parts for award eligibility.
Topic: Using 3-D animation, create an informational video related to the many geographical
areas devastated by natural disasters during the past year. The video should describe how to
support cities/areas affected by natural disasters and should include:
Volunteer opportunities.
Ways to provide aide or assistance.
Issues related to assistance that can create additional problems.
Skills: This event provides recognition for FBLA members who possess knowledge of basic
skills and procedures and the ability to make intelligent business decisions
accounting 1 - CORRECT ANSWER - 60-minute test administered during the National
Leadership Conference (NLC). Participants must not have had more than two (2) semesters or
one (1) semester equivalent to a full year in block scheduling in high school accounting
instruction.
Objective Test Competencies: Journalizing; Account Classification; Terminology, Concepts, and
Practices; Types of Ownership; Posting; Income Statement; Balance Sheet; Worksheet; Bank
Reconciliation; Payroll; Depreciation; Manual and Computerized Systems; Ethics
Skills: The accurate keeping of financial records is an ongoing activity in all types of businesses.
This event provides recognition for FBLA members who have an understanding of and skill in
basic accounting principles and procedures.
Accounting 2 - CORRECT ANSWER - 60-minute test administered during the NLC.
,Objective Test Competencies: Financial Statements; Corporate Accounting; Ratios and Analysis;
Accounts Receivable and Payable; Budgeting and Cash Flow; Cost Accounting/Manufacturing;
Purchases and Sales; Journalizing and Posting; Income Tax; Payroll; Inventory; Plant Assets and
Depreciation; Departmentalized Accounting; Ethics; Partnerships
Skills: The accurate keeping of financial records is a vital ongoing activity in all types of
businesses. This event provides recognition for FBLA members who have demonstrated an
understanding of and skill in accounting principles and procedures as applied to sole
proprietorships, partnerships, and corporations.
Advertising - CORRECT ANSWER - 60-minute test administered during the NLC.
Objective Test Competencies: Personal Selling and Sales Promotion; Traditional and Alternative
Advertising Media; Consumer Behavior; Basic Marketing Functions; Branding and Positioning;
Economy; Advertising Plan; Legal and Ethical Issues; Diversity and Multicultural Market;
Public Relations; Creation of the Advertisement; Consumer-Oriented Advertising; Financial
Planning; Communication; Consumer Purchase Classifications; Target Market; Market
Segmentation; Product Development; Product Life Cycle; Price Planning; Channels of
Distribution; Marketing Research; Effective Advertising and Promotional Messages; Budget;
Financing Advertising Campaigns; Demographics; History and Influences; Advertising Industry
and Careers; Supply Chain Management; Distribution Logistics; Internet; Self-Regulation;
Careers; Advertising Workplace; Leadership, Career Development, and Team Building; Risk
Management
Skills: This event provides recognition for FBLA members who possess knowledge of the basic
principles of advertising.
Agribusiness - CORRECT ANSWER - 60-minute test administered during the NLC.
Objective Test Competencies: Economics; Finance and Accounting; Health, Safety, and
Environmental Management; Management Analysis and Decision Making; Marketing;
Terminology and Trends
Skills: This event provides recognition for FBLA members who demonstrate an understanding of
and skill in basic agribusiness concepts and procedures.
, american enterprise project - CORRECT ANSWER - Two (2) parts: a prejudged report and
a presentation. Competitors must complete both parts for award eligibility.
Skills: This event recognizes FBLA chapters that develop projects within the school and/or
community that increase the understanding of and support for the American enterprise system by
developing an informational/educational program. The project must promote an awareness of
some facet of the American enterprise system within the school and/or community and be
designed for chapter participation.
banking and financial systems - CORRECT ANSWER - Two (2) parts: an objective test
and interactive role play or presentation. A 60-minute objective test will be administered onsite at
the NLC. Team competitors will take one (1) objective test collaboratively.
Objective Test Competencies: Concepts and Practices; Basic Terminology; Government
Regulation of Financial Services; Impact of Technology on Financial Services; Types and
Differences of Various Institutions; Ethics; Careers in Financial Services; Taxation
Case: A problem or scenario encountered in the banking or financial business community.
Skills: Understanding how financial institutions operate is important to successful business
ownership and management. It also is valuable for personal financial success. This event
provides recognition for FBLA members who have an understanding of and skills in the general
operations of various components of the financial services sector.
broadcast journalism - CORRECT ANSWER - Includes a presentation. Review specific
guidelines for each event as guidelines vary.
Topic: You and/or your team are part of your school's broadcast team. Create a broadcast event
that includes the following:
Plans of your FBLA Chapter for the school year.
How to prevent cyberbullying on campus.
Questions and CORRECT Answers
3D Animation - CORRECT ANSWER - Two (2) parts: a prejudged project and a
presentation. Competitors must complete both parts for award eligibility.
Topic: Using 3-D animation, create an informational video related to the many geographical
areas devastated by natural disasters during the past year. The video should describe how to
support cities/areas affected by natural disasters and should include:
Volunteer opportunities.
Ways to provide aide or assistance.
Issues related to assistance that can create additional problems.
Skills: This event provides recognition for FBLA members who possess knowledge of basic
skills and procedures and the ability to make intelligent business decisions
accounting 1 - CORRECT ANSWER - 60-minute test administered during the National
Leadership Conference (NLC). Participants must not have had more than two (2) semesters or
one (1) semester equivalent to a full year in block scheduling in high school accounting
instruction.
Objective Test Competencies: Journalizing; Account Classification; Terminology, Concepts, and
Practices; Types of Ownership; Posting; Income Statement; Balance Sheet; Worksheet; Bank
Reconciliation; Payroll; Depreciation; Manual and Computerized Systems; Ethics
Skills: The accurate keeping of financial records is an ongoing activity in all types of businesses.
This event provides recognition for FBLA members who have an understanding of and skill in
basic accounting principles and procedures.
Accounting 2 - CORRECT ANSWER - 60-minute test administered during the NLC.
,Objective Test Competencies: Financial Statements; Corporate Accounting; Ratios and Analysis;
Accounts Receivable and Payable; Budgeting and Cash Flow; Cost Accounting/Manufacturing;
Purchases and Sales; Journalizing and Posting; Income Tax; Payroll; Inventory; Plant Assets and
Depreciation; Departmentalized Accounting; Ethics; Partnerships
Skills: The accurate keeping of financial records is a vital ongoing activity in all types of
businesses. This event provides recognition for FBLA members who have demonstrated an
understanding of and skill in accounting principles and procedures as applied to sole
proprietorships, partnerships, and corporations.
Advertising - CORRECT ANSWER - 60-minute test administered during the NLC.
Objective Test Competencies: Personal Selling and Sales Promotion; Traditional and Alternative
Advertising Media; Consumer Behavior; Basic Marketing Functions; Branding and Positioning;
Economy; Advertising Plan; Legal and Ethical Issues; Diversity and Multicultural Market;
Public Relations; Creation of the Advertisement; Consumer-Oriented Advertising; Financial
Planning; Communication; Consumer Purchase Classifications; Target Market; Market
Segmentation; Product Development; Product Life Cycle; Price Planning; Channels of
Distribution; Marketing Research; Effective Advertising and Promotional Messages; Budget;
Financing Advertising Campaigns; Demographics; History and Influences; Advertising Industry
and Careers; Supply Chain Management; Distribution Logistics; Internet; Self-Regulation;
Careers; Advertising Workplace; Leadership, Career Development, and Team Building; Risk
Management
Skills: This event provides recognition for FBLA members who possess knowledge of the basic
principles of advertising.
Agribusiness - CORRECT ANSWER - 60-minute test administered during the NLC.
Objective Test Competencies: Economics; Finance and Accounting; Health, Safety, and
Environmental Management; Management Analysis and Decision Making; Marketing;
Terminology and Trends
Skills: This event provides recognition for FBLA members who demonstrate an understanding of
and skill in basic agribusiness concepts and procedures.
, american enterprise project - CORRECT ANSWER - Two (2) parts: a prejudged report and
a presentation. Competitors must complete both parts for award eligibility.
Skills: This event recognizes FBLA chapters that develop projects within the school and/or
community that increase the understanding of and support for the American enterprise system by
developing an informational/educational program. The project must promote an awareness of
some facet of the American enterprise system within the school and/or community and be
designed for chapter participation.
banking and financial systems - CORRECT ANSWER - Two (2) parts: an objective test
and interactive role play or presentation. A 60-minute objective test will be administered onsite at
the NLC. Team competitors will take one (1) objective test collaboratively.
Objective Test Competencies: Concepts and Practices; Basic Terminology; Government
Regulation of Financial Services; Impact of Technology on Financial Services; Types and
Differences of Various Institutions; Ethics; Careers in Financial Services; Taxation
Case: A problem or scenario encountered in the banking or financial business community.
Skills: Understanding how financial institutions operate is important to successful business
ownership and management. It also is valuable for personal financial success. This event
provides recognition for FBLA members who have an understanding of and skills in the general
operations of various components of the financial services sector.
broadcast journalism - CORRECT ANSWER - Includes a presentation. Review specific
guidelines for each event as guidelines vary.
Topic: You and/or your team are part of your school's broadcast team. Create a broadcast event
that includes the following:
Plans of your FBLA Chapter for the school year.
How to prevent cyberbullying on campus.
