DECA Practice Tests

Why might a business obtain a trademark for its intellectual property?

• To stop the unauthorized use of the business's inventions

• To prevent the publication of the business's written work

• To keep competitors from using the business's manufacturing processes

• To protect the integrity of the business's logo

Monitors, keyboards, and hard drives are examples of computer...

• servers.

• hardware.

• dashboards.

• standards.

A limitation to the use of project-management software is that it lacks the ability to

• track changes.

• calculate data.

• make decisions.

• flag information.

Daniela is in charge of moving company data into a new software system. Which of the following is a step

she should take:

• Avoid telling employees about the change until it is completed.

• Make sure all the data are saved in a backup location.

• Delete the old software system before installing the new one.

• Schedule the change to occur during a project deadline.

Company B's management has determined that it must downsize. Three persons in the customer service

department will lose their jobs. Which of the following records can management use to help them

determine which employees to keep:

• Inventory records

• Production records

• R&D records

• Human resources records

A business's balance sheet lists $3,800 in cash, $15,125 in accounts payable, $2,775 in taxes, $10,350

in machinery and equipment, and $6,280 in salaries. Calculate the business's total liabilities.

• $27,030

• $18,470

• $15,225

• $24,180

When preparing a statement of equity, what does a business deduct from its total net income to obtain its

retained earnings?

• Bad debt

• Depreciation of assets

• Sales tax payable

• Dividends paid

A characteristic of managerial accounting is that it focuses on...

• reporting the business's long-term investment goals.

• capturing the business's day-to-day financial activities.

• developing the business's annual report.

• preparing and submitting the business's tax forms.

A company purchases an expensive new software system and divides the cost of it between the two

departments that will use the system. This is an example of cost...

• allocation.

• accumulation.

• dividing.

• precision.

When a business has been running successfully for several years, what would be a probable next

financial step?

• Acquiring start-up funds

• Purchasing a second location

• Deciding on financial goals

• Determining product prices