DECA Finance Practice Test #1184

Front

Businesses must comply with regulations that limit the amount and type of pollution and waste they produce. These regulations are referred to as __________ laws.

Back

Environmental

Front

What form of business ownership is best to use when the business owners have difficulty acquiring enough money to pay for the startup costs and initial operating expenses? Options: Partnership, Sole Proprietorship, Franchise, Corporation

Back

Corporation

Front

An important purpose of full-disclosure laws and regulations is to

Back

provide information to investors so they can make informed decisions.

Front

Which of the following is a tax-deductible gift: stocks, vacation home, charitable donation, inherited items?

Back

charitable donation

Front

Which of the following is an example of a preventive internal control: physical inventories, data reconciliations, variance analyses, segregation of duties

Back

segregation of duties

Front

What type of technology do businesses use to inspect financial transactions and ensure that they are in compliance with government regulations?

Back

virtual auditors

Front

A researcher should consider an author's expertise in a particular topic when assessing the validity of written articles and publications to

Back

evaluate the author's level of credibility

Front

What method of note-taking involves using headings and subheadings to record the relationships and content in a well-organized, multi-level structure?

Back

outline

Front

In a formal business letter, the salutation is written

Back

before the body of the letter

Front

What is an example of a topic that would be addressed in an informational message? Options: request for payment on a past-due account, date and time of appointment with customer, charitable appeal for a corporate donation, invitation to speak at a national conference

Back

date and time of appointment with customer