DECA - Finance A

DECA - Finance A

Assessment

Flashcard

Business

9th - 12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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48 questions

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1.

FLASHCARD QUESTION

Front

Customer Relationship Management

Back

At a minimum, this is a database of customer contacts, purchase history and technical support. Additional elements can include profiles of potential clients, understanding and leveraging the needs of current customers, and enhanced customer service based on data analysis.

2.

FLASHCARD QUESTION

Front

Financial Globalization

Back

The worldwide development of economic, financial, trade and communication integration. This pushes business executives to consider broad views in the global marketplace as countries and their economies become interconnected and interdependent.

3.

FLASHCARD QUESTION

Front

Finance

Back

The process of managing money for an individual, business or other organization

4.

FLASHCARD QUESTION

Front

Compliance

Back

Verification that a vendor meets the requirements of accepted practices, regulations, legislation, rules, standards and/or the terms of a contract

5.

FLASHCARD QUESTION

Front

Transaction

Back

An agreement or contract that occurs between two or more parties and establishes a legal obligation. This can also be defined as an exchange of goods or services between a buyer and seller.

6.

FLASHCARD QUESTION

Front

Financial Records

Back

The financial documentation for an individual, business or other organization. The most common records are a Cash Flow Statement, Income Statement, Balance Sheet and Tax Returns.

7.

FLASHCARD QUESTION

Front

Cost of Goods Sold

Back

This line on an income statement shows the cost of raw materials and labor to produce a finished product or service that is available to a consumer.

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