DECA Entrepreneurship exam fully
solved to pass
Which of the following is a legal concept that affects businesses that operate in foreign countries:
A. Sovereign immunity
B. Eminent domain
C. Absolute privilege
D. Social responsibility - correct answer ✔✔A. Sovereign immunity
The ABC Company published an incorrect statement about the quality of the Marston Company's
product. As a result, Marston's sales have dramatically decreased. This is an example of a legal tort
related to
A. infringement.
B. privacy.
C. defamation.
D. trespassing - correct answer ✔✔C. defamation.
Which of the following is an example of consideration in a contract:
A. Promising to make a gift
B. Putting the price in writing
C. Selling an item for $500
D. Giving away an item worth $500 - correct answer ✔✔C. Selling an item for $500
What federal law prohibits businesses from asking potential employees about their medical history?
A. National Labor Relations Act
B. Vocational Rehabilitation Act
C. Fair Labor Standards Act
, D. Americans with Disabilities Act - correct answer ✔✔D. Americans with Disabilities Act
Erick and Jacob are college graduates who want to open an accounting firm. However, Erick has a
fulltime
position that he plans to continue but still wants to be a part of this business venture. Which form of
business ownership would you recommend to Erick and Jacob?
A. Consolidation
B. General partnership
C. Limited partnership
D. Open corporation - correct answer ✔✔C. Limited partnership
The goal of channels of distribution is to move products from producers to
A. intermediaries.
B. final consumers.
C. industrial distributors.
D. middlemen. - correct answer ✔✔B. final consumers.
To build and repair bridges, Campbell Construction Company buys steel beams from Horton
Manufacturing. In this situation, Campbell Construction Company is the
A. wholesaler.
B. industrial user.
C. producer.
D. indirect agent. - correct answer ✔✔B. industrial user.
Which of the following is a criterion that an investment company might use to evaluate the performance
of its independent agents:
A. Inventory level
B. Customer service
C. Business plan
solved to pass
Which of the following is a legal concept that affects businesses that operate in foreign countries:
A. Sovereign immunity
B. Eminent domain
C. Absolute privilege
D. Social responsibility - correct answer ✔✔A. Sovereign immunity
The ABC Company published an incorrect statement about the quality of the Marston Company's
product. As a result, Marston's sales have dramatically decreased. This is an example of a legal tort
related to
A. infringement.
B. privacy.
C. defamation.
D. trespassing - correct answer ✔✔C. defamation.
Which of the following is an example of consideration in a contract:
A. Promising to make a gift
B. Putting the price in writing
C. Selling an item for $500
D. Giving away an item worth $500 - correct answer ✔✔C. Selling an item for $500
What federal law prohibits businesses from asking potential employees about their medical history?
A. National Labor Relations Act
B. Vocational Rehabilitation Act
C. Fair Labor Standards Act
, D. Americans with Disabilities Act - correct answer ✔✔D. Americans with Disabilities Act
Erick and Jacob are college graduates who want to open an accounting firm. However, Erick has a
fulltime
position that he plans to continue but still wants to be a part of this business venture. Which form of
business ownership would you recommend to Erick and Jacob?
A. Consolidation
B. General partnership
C. Limited partnership
D. Open corporation - correct answer ✔✔C. Limited partnership
The goal of channels of distribution is to move products from producers to
A. intermediaries.
B. final consumers.
C. industrial distributors.
D. middlemen. - correct answer ✔✔B. final consumers.
To build and repair bridges, Campbell Construction Company buys steel beams from Horton
Manufacturing. In this situation, Campbell Construction Company is the
A. wholesaler.
B. industrial user.
C. producer.
D. indirect agent. - correct answer ✔✔B. industrial user.
Which of the following is a criterion that an investment company might use to evaluate the performance
of its independent agents:
A. Inventory level
B. Customer service
C. Business plan
