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