DECA Entrepreneurship Performance Indicators Questions with Correct Answers

DECA Entrepreneurship Performance Indicators Questions with Correct Answers BL - Describe methods used to protect intellectual property - Correct Answer Intellectual property is creative work created by you. Ways to protect your intellectual property include: copyrights, patent, trademark, trade secret, and licensing BL - Describe legal issues affecting businesses - Correct Answer Disgruntled employees, discrimination, harassment, immigration audits, copy rights and patent issues BL - Identify the basic torts relating to business enterprises - Correct Answer Business torts are civil wrongs committed by or against an organization BL - Describe the nature of legally binding contracts - Correct Answer a contract is an agreement between 2 or more parties. And if you sign a contract to are expected to follow the things listed in the contract BL - Explain the nature of human resources regulations - Correct Answer The nature of human resources regulations is to provide a safeguard for employees so they are getting rights and the treatment they deserve. BL - Explain the nature of workplace regulations - Correct Answer Assure safety and health of employees. Provide funds to eliminate workplace dangers and reward safety practices. BL- Explain types of business ownership - Correct Answer Sole proprietorship: only one person owns the business. Unlimited liability Partnership: two or more persons and they divide the profits among themselves, as well as all contribute resources Corporation: business organization that has separate legal personality from its owners. Often stocks and shareholders