Short DECA Finance Cluster Review

A managerial accountant can help a company market its products by

• developing a target market analysis.

• creating a budget for hiring increases.

• examining the relevant costs of advertising options.

• determining whether to make or buy a component.

Your personal vision should address your future career, family life, personal/social relationships, and

• your academic goals for the semester.

• your to-do list for the next two weeks.

• your role in your community.

• your New Year's resolution for this year.

To prevent unauthorized access to a computer system or network, businesses typically install

• firewall software.

• spyware applications.

• debugger applications.

• compression software.

What do managers need to do to help employees understand their specific responsibilities in achieving the organization's goals?

• Create work subcultures

• Collect information

• Develop a mission statement

• Communicate priorities

Which of the following statements is true of finance careers:

• People skills are not necessary

• soft skills are extremely important

• only mathematical skills are necessary

• communication skills are not important

A key factor in successful human relations involves treating others with

• reverence

• admiration

• respect

• indifference

A certificate of deposit is a short-term debt security that is sold through (a)   markets.

Which of the following is a legal consideration that pertains to accounting:

• Computer hacking

• Gift giving

• Entertaining

• Tax reporting

DeMarcus behaves ethically at his job even when no coworkers or supervisors are watching. DeMarcus is displaying

To reduce the risk of loss due to fire or power outages, a financial business should protect its computer data by

• monitoring data-transmission rates.

• using encryption techniques.

• implementing an authorization process.

• conducting backup procedures.