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DECA Prep
DECA Prep
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Flashcards
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Questions
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Answers
1
A focus on how things are done, rather than just outcomes, is known as
continual improvement
concurrent engineering
process orientation
lean production
2
Which of the following will foster a business's ability to adapt to changing markets:
Proactive management
Conservative leadership
Reactive management
Authoritarian leadership
3
US' business culture embraces self-reliance & personal accomplishment, which characteristics
an individualist society
the concept of collectivism
a long-term orientation
a team-orientated mindset
4
What is one factor that determines a manager's credibility with employees?
Aptitude
Patience
Creativity
Reputation
5
Thad is investing in a money market, which buys and sells products such as
shares of stocks
treasury bills
technology
agricultural goods
6
Which of the following is the most visible element of the promotional mix:
Publicity
Sales Promotion
Advertising
Personal Selling
7
When managing a project, the first activity is for the project leader to
negotiate terms
monitor progress
set goals
develop a schedule
8
When receiving a check 4 times a year for income earned on a stock investments, the is a
dividend
cash
deposit
credit
9
Which of the following statements is true about determining your personal vision for the future
It involves following a step-by-step plan.
It depends more on emotion than logic.
It is risk free and time bound.
It requires facts and concrete goals.
10
True or False: Only express warranties hold up in court.
True; implied warranties cannot be verified.
False; implied warranties are valid.
False; express warranties must be in writing.
True; only written evidence can be submitted in court.
11
Which of the following is most likely to be a result of competition:
More monopolies
Development of new products
High Prices
Reduction in product quality
12
To manage their work commitments in a timely manner, businesspeople should
ask their coworkers to help them with routine activities.
do enjoyable tasks before tackling the unpleasant tasks.
estimate the time that it takes them to perform their tasks.
identify shortcuts they can take get work done quickly.
13
A characteristic of effective prices is that they must be
inflexible
high
competitive
low
14
When using mind mapping to generate product ideas, begin by writing down the main problem or
primary associations
supporting facts
market opportunity
situational analysis
15
What strategy can make or break a business's product mix?
Expanding
Altering
Contracting
Positioning
16
One of the reasons that teams are important to businesses is that they can increase
costs
productivity
conflicts
procrastination
17
Which of the following is a negative effect on businesses of government regulation:
Patents, trademarks, and copyright protection are provided.
Additional expense and inefficiency are experienced.
Unfair trade practices are prohibited.
The use of resources is regulated.
18
Refusing to do things you really don't want to do is __________ your self-esteem.
good for
of no help to
not good for
harmful to
19
Which of the following is a financial want rather than a financial need:
Education
Food
Clothing
Shelter
20
Combining steel, glass and other raw materials into a vehicle is an example of ____ utility.
Time
Form
Place
Possession
21
Pick the best response: Where do product opportunities exist?
Anywhere there is an un- or under-met need
Where people participate in their hobbies
Anywhere that people have had their needs satisfied
Where people work
22
To calculate total revenue, a business multiplies the number of units sold by
fixed costs
average price per unit
marginal costs
marginal revenue
23
“Brain drain” occurs when
country loses talented employees to opportunities overseas.
businesses outsource jobs to other countries.
people who speak 2 languages communicate with each other.
consumers spend too much time shopping online
24
Before identifying the right people to work on a project, it is important to
select necessary supplies.
ask organizations for contributions.
develop accurate job descriptions.
prepare construction specifications.
25
Because Costa Ricans do not like to be kept waiting, it is important for businesspeople to
comply with local ordinances
arrive at meetings on time
discuss business during lunch
schedule frequent meeting breaks
