DECA Marketing Exam Practice (2017 20-34)

Research and development speed up production by

• providing employees with adequate job training

• simplifying existing products.

• limiting inflation.

• reviewing company goals with employees.

If total cost is $3,000 with zero quantity produced and $6,500 with 1,000 items produced, what is the marginal cost of producing each item?

• $3.50

• $3.00

• $6.50

• $1.00

According to the Keynesian theory of unemployment, the best solution for unemployment is to

• keep prices the same.

• cut wages.

• increase demand.

• increase inflation.

Which of the following is considered an external cause of business cycles:

• Climatic changes

• Aggregate demand

• Money supply

• Inventory levels

Levels of inflation and unemployment are factors that affect __________ in the world market.

• communication

• specialization

• satisfaction

• competition

A nation's currency exchange rate is likely to increase when

• the labor force shrinks.

• consumer confidence is high.

• an economic contraction occurs

• . stock values fluctuate.

Knowing your personal strengths and weaknesses helps you to

• ask others for input about your strengths and abilities.

• identify potential strengths and weaknesses in others.

• make informed decisions about your future.

• perform well on a skills assessment test.

A responsible employee is one who is able to __________ his/her mistakes

• conceal

• avoid

• admit

• maximize

Which of the following responses to a difficult situation would damage your professional image:

• Using inappropriate language

• Listening without interrupting

• Showing empathy toward others

• Controlling your facial expression

Businesses should view negotiation as a way to

• get the action they want.

• get something done

• build strong relationships.

• keep negative people quiet.