DECA Entrepreneurship Exam questions
with complete solutions
what is open corporation - correct answer ✔✔a corporation whose ownership
shares are available for exchange on a public market
what is sovereign immunity - correct answer ✔✔a legal concept stating that the
courts in a country represent that country's laws, and their decisions cannot be
reversed by the decisions of courts in other countries
what is defamation - correct answer ✔✔the action of damaging the good
reputation of someone; slander or libel
what is consideration - correct answer ✔✔what one party gives or receives in
exchange for something else
Americans with Disabilities Act - correct answer ✔✔the act stating that
companies cannot look into a job applicant's medical history to protect them from
discrimination
what is a limited partnership - correct answer ✔✔a partnership where a second
party can invest in a company with little responsibility and liability
what is a consolidation - correct answer ✔✔the joining of two or more companies
to form a new company
with complete solutions
what is open corporation - correct answer ✔✔a corporation whose ownership
shares are available for exchange on a public market
what is sovereign immunity - correct answer ✔✔a legal concept stating that the
courts in a country represent that country's laws, and their decisions cannot be
reversed by the decisions of courts in other countries
what is defamation - correct answer ✔✔the action of damaging the good
reputation of someone; slander or libel
what is consideration - correct answer ✔✔what one party gives or receives in
exchange for something else
Americans with Disabilities Act - correct answer ✔✔the act stating that
companies cannot look into a job applicant's medical history to protect them from
discrimination
what is a limited partnership - correct answer ✔✔a partnership where a second
party can invest in a company with little responsibility and liability
what is a consolidation - correct answer ✔✔the joining of two or more companies
to form a new company
