Deca exa Study guides, Class notes & Summaries

DECA ENTREPRENEURSHIP EXAM STUDY GUIDE, QUESTIONS WITH CORRECT R ANSWERS LATEST 2023 GRADED A+. Fledging - A business that is struggling or in the early stages Assets - Anything that creates value to an entity Liability - Anything that takes value away from an entity Outsourcing - obtain (goods or a service) from an outside or foreign supplier, especially in place of an internal source. Business Incubator - local programs designed to provide low-cost shared business facilities to small st...

Hospitality and Tourism DECA Exam Questions With Answers As a primary source of law, federal statutes are enacted by... A. administrative agencies B. the U.S. supreme court C. The U.S. congress D. the House of Representatives C A restaurant wants to open a second location, but it doesn't have the necessary money to do so. However, it is able to borrow money from a ___ to open the new facility... A. creditor B. debtor C. borrower D. wholesaler A David and Ella are in busines...

One business promising to do something for another business in return for receiving compensation is an example of a Contract When an agent legally acts in the best interests of his/her client, the agent is establishing a(n) __________ relationship. Fiduciary Principal is another word for client What do business owners consider when they select a business ownership structure? Personal circumstances, financial needs, and the type of business When businesses want to ...

Agency relationship - Answer- The agent has authority to act on behalf of the principal. Ex. Josh is a small business owner who hires a lawyer to represent him in court. Josh is the principal, the lawyer is the agent. Representative - Answer- A person elected to represent the people Which business is most likely to vioate antitrust laws if it insists on an exclusive dealing agreement? - Answer- A firm with dominant market power. Dominant firms may be held to a higher standard under antitr...

For the long-term success of the business, Stacey's Steamers has decided to add a self-serve laundromat. Which describes the business activity Stacey's Steamers is likely involved in? a) Organizing itself for meeting its objectives b) Establishing a system for retrieving information c) Promoting its new service to potential customers d) Determining what will put it in reach of its goals - Answer- d) Determining what will put it in reach of its goals Effective corporate branding involv...

Hospitality and Tourism DECA Exam Questions With Answers a.m. room status report A report detailing the status of each room, created by a housekeeping supervisor from section housekeepers' reports, usually created by noon. accessibility The ease with which guests can enter, leave, and utilize a property, also applies to the ability of guests in wheelchairs or needing other assistance to utilize a facility. adjoining rooms Two hotel rooms that are located next to each other, but no...

An employer may be liable for an employee's tort when the employee's actions occur... - Within normal operating hours. - Under emotional stress. - Within the scope of his/her employment. - Without the employer's knowledge. Within the scope of his/her employment Loggins Forestry and Mill Company sells wood to Henderson Wood Products. Henderson sells the wood to Franklin Construction Company, who uses the wood to build homes and office buildings. What is the channel of distributio...

DECA ENTREPRENEURSHIP NEW UPDATE WITH COMPLETE EXAM OVERVIEW GUIDE

Hospitality and Tourism DECA Exam Questions With Answers As a primary source of law, federal statutes are enacted by... A. administrative agencies B. the U.S. supreme court C. The U.S. congress D. the House of Representatives C A restaurant wants to open a second location, but it doesn't have the necessary money to do so. However, it is able to borrow money from a ___ to open the new facility... A. creditor B. debtor C. borrower D. wholesaler A David and Ella are in busines...

Hospitality and Tourism DECA Exam Questions With Answers As a primary source of law, federal statutes are enacted by... A. administrative agencies B. the U.S. supreme court C. The U.S. congress D. the House of Representatives C A restaurant wants to open a second location, but it doesn't have the necessary money to do so. However, it is able to borrow money from a ___ to open the new facility... A. creditor B. debtor C. borrower D. wholesaler A David and Ella are in busines...