DECA Entrepreneurship Flashcard

Front

While doing a cost-benefit analysis, Janae found it quite difficult to measure certain items in dollar amounts. Such costs or benefits are most likely to be _________ costs or benefits.

Back

opportunity, one-time, intangible, hidden

Front

Which of the following is a benefit of establishing incident reporting procedures in the workplace:
- Employees use their judgment to determine if a report should be issued.
- Managers who create these procedures are not required to follow up on incidents.
- Managers who have information about incidents can investigate possible causes.
- Employees cannot file official complaints if an incident is reported correctly.

Back

Managers who have information about incidents can investigate possible causes.

Front

For project managers, the most important part of managing stakeholder expectations is

Back

understanding them.

Front

When Nilesh started a new job, he trained alongside another employee for a few weeks so that he could get the hang of his job duties. The time that Nilesh spent training with the other employee is an example of a(n)

Back

transition period.

Front

The first step in an organizational risk assessment is

Back

identifying the potential hazards.

Front

A primary advantage for marketers who use direct mail to promote products is that it is usually less expensive than personal selling methods.

Back

it is usually less expensive than personal selling methods.

Front

What is the labor productivity per employee for Kyra's team who generated $10,000 worth of goods by working 200 hours?

Back

$800

Front

Le'veon wants to create a marketing mix that includes both push and pull strategies. Which marketing mix should he choose? Options: Mass media advertising and sales promotions, Referrals and sales promotions, Getting retailers to stock the product and creating a supply chain

Back

Mass media advertising and sales promotions

Front

Which of the following is an effective negotiation strategy:
Using a "give-and-take" tactic to reach an agreement,
Giving the other person as much time as they need to decide,
Pushing the other person into making a decision,
Insisting on your terms during the negotiation process

Back

Using a "give-and-take" tactic to reach an agreement

Front

Determine the cost of goods sold for a business when the beginning inventory was $250,000, purchases were $600,000, and the ending inventory was $200,000.

Back

$650,000