Mike is expanding his manufacturing business internationally.Which is a risk he might encounter

B. Dealing with cultural and language barriers

Consistency is important when taking remedial action so that:

D. charges of favoritism can be prevented.

A characteristic of managerial accounting is that it focuses on:

A. capturing the business's day-to-day financial activities

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Duplicate of DECA Entrepreneurship Exam Practice

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DECA multiple choice exam questions for the entrepreneurship cluster

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Questions 13

Answers

1
Mike is expanding his manufacturing business internationally.Which is a risk he might encounter
B. Dealing with cultural and language barriers
A. Encountering new markets
D. Saving money on taxes
C. Dealing with fewer government regulations
2
What is one way that a business might use marketing information?
D. To identify new vendors
A. To develop new products
B. To interpret findings
C. To calculate statistics
3
What is one reason why many people decide to become entrepreneurs?
A. Flexibility
B. Long hours
D. Less responsibility
C. Less risk
4
What is the base amount used for vertical analysis of items on the income statement?
D. Net sales
A. Total assets
B. Total income
C. Total liabilities and equity
5
A major benefit of receiving recognition for your efforts and contributions is that it:
B. gives you motivation.
A. allows you to relax.
C. helps you learn.
D. provides a good example.
6
The customers or potential customers for a good or service are known as a(n)
C. economic system.
A. market.
B. corporate chain.
D. cooperative.
7
Which of the following is a personnel record that businesses usually maintain:
B. Safety regulations
C. Payroll stubs
A. Office newsletters
D. Job applications
8
A characteristic of a business's current assets that are on financial statements is that theyre
D. depreciated.
A. liquid.
C. fixed.
B. intangible.
9
Consistency is important when taking remedial action so that:
A. employees are aware of behavior can result in discipline.
C. further problems with the employee can be avoided.
B. employees do not suffer severe psychological damage.
D. charges of favoritism can be prevented.
10
A characteristic of managerial accounting is that it focuses on:
D. preparing and submitting the business's tax forms.
C. developing the business's annual report.
A. capturing the business's day-to-day financial activities
B. reporting the business's long-term investment goals.
11
Which of the following often provides trade credit to businesses:
C. Investors
B. Corporations
D. Financiers
A. Wholesalers
12
What type of planning involves setting short-term goals for a new business venture?
C. Systematic
D. Environmental
B. Strategic
A. Tactical
13
What is often the best source of credit for business start-ups?
B. Commercial banks
C. Stock market
A. Traditional lenders
D. State or local governments

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