Having a personal vision makes handling difficult decisions easier because you will

have a clear picture of what your goals in life are.

The overall objective of workers who form labor unions is to

strengthen their bargaining power.

By analyzing a customer's financial information, a finance professional should be able to

develop a financial strategy to help the customer.

An individual or business can minimize capital losses on investment property by

claiming the loss as a tax deduction.

studbud

Finance DECA Practice Questions

10 termsStudBud Administration

Imported from external platform

Flashcards10 cardsFPractice quizPHost liveL

Questions 10

Answers

1
Which of the following is a business risk that can be covered by purchasing insurance:
Robbery
Spoilage
Competiton
Economic conditions
2
Having a personal vision makes handling difficult decisions easier because you will
be faced with tough decisions less frequently.
be successful no matter what decision you make.
not need to reflect as much before making decisions.
have a clear picture of what your goals in life are.
3
The overall objective of workers who form labor unions is to
strengthen their bargaining power.
promote better working conditions.
obtain fair wages.
obtain reasonable working hours.
4
Which of the following is a technological tool that businesses use to archive their financial records:
Web-development programs
Digital microfilm scanner
Direct-response software
Electronic data interchange
5
The best way for businesses to communicate with customers is to
send direct mail.
give as much information as possible.
listen respectfully.
rent billboards on major highways.
6
By analyzing a customer's financial information, a finance professional should be able to
determine the customer's newest target market.
protect the security of the customer's financial information.
declare Chapter 11 bankruptcy for the customer.
develop a financial strategy to help the customer.
7
An individual or business can minimize capital losses on investment property by
obtaining a long-term loan.
liquidating remaining assets.
renegotiating property insurance premiums.
claiming the loss as a tax deduction.
8
Many nations have developed environmental regulations in order to encourage
conservation.
moral conduct.
industrialization.
ethical behavior.
9
In business, economic downturns and technological changes are likely to cause businesses to
expand their operations.
hire unskilled workers.
make changes of their own.
resist beneficial changes.
10
Business employees often obtain current industry information by reading
trade publications.
local periodicals.
consumer reports.
news magazines.

Finance DECA Practice Questions Flashcards | StudBud