DECA Marketing Exam Practice (2016 20-34)

Businesses are being socially responsible to their customers when they

• contribute to community causes.

• provide safe working environments.

• offer employees job training.

• test the safety of their products.

One of the freedoms provided to individuals by the private enterprise system is the freedom to choose

• which taxes they will pay.

• how their employers pay them.

• where they will work.

• which laws they will obey.

Operating expenses are defined as the

• start-up expenses of a business.

• salaries paid to managers.

• cost of goods sold.

• costs of running a business.

How does increased business productivity benefit consumers?

• More goods and services become available, so prices go down.

• More goods and services become available, so prices go up.

• Costs of labor and prices increase, so inflation goes up.

• The gross domestic product goes down, so inflation goes up.

Long-term unemployment may affect an individual by

• improving mental health.

• eroding his/her skills.

• increasing protectionism.

• building savings.

During periods of economic expansion, businesses are likely to

• increase their production.

• reduce their profits.

• stop hiring workers.

• benefit from high interest rates.

Which of the following is a reason to avoid drawing distinctions between people

• Certain people don't deserve respect.

• Discrimination is illegal.

• Some people aren't "normal."

• Everyone is unique.

People with a positive attitude are open-minded, which helps them to

• develop patience.

• remain cheerful.

• learn new skills.

• be intolerant.

Ideally, in business, feedback should be

• all positive.

• all negative.

• positive and negative.

• avoided if possible.

The main reason many individuals resist change is

• decisiveness

• fear

• discipline

• self-confidence