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RRHS DECA Business Management & Administration Exam

Total questions: 50

Worksheet time: 25mins

Name
Class
Date
1.

Which of the following would be appropriate to include at the very beginning of a research report:

a)

The research findings

b)

The scientific conclusion

c)

The research question

d)

The paper's appendix

2.

How does governmental use of revenue from sales and corporate taxes benefit businesses?

a)

Tax monies pay off government debt.

b)

Tax monies provide foreign aid.

c)

Tax monies fund public services.

d)

Tax monies fund military projects.

3.

When aggregate demand decreases, which of the following will mostly likely increase:

a)

Expansion

b)

Inflation

c)

Production

d)

Unemployment

4.

Maslow's Hierarchy of Needs is a theory that can help explain how and why people are

a)

wealthy

b)

motivated

c)

talented

d)

intelligent

5.

Which of the following statements regarding cash flow statements is true:

a)

A cash flow statement is derived from the income statement and the balance sheet.

b)

A negative cash flow indicates that a company is financially healthy and stable.

c)

The less cash available for business operations, the better for company investors.

d)

A positive cash flow indicates that a company is financially unhealthy.

6.

Which of the following is a function of knowledge mapping software

a)

Querying data to retrieve information

b)

Locating the person with the most knowledge on a particular subject

c)

Preventing former employees from accessing company knowledge

d)

Seeing who is responsible for a task

7.

What technological advancement has made project management software accessible no matter where employees are located?

a)

Cloud computing

b)

Augmented reality

c)

Automation

d)

Radio frequency identification

8.

Which of the following supply chain collaboration techniques helps a company reduce transportation costs:

a)

Reduced supply costs

b)

Integrated IT solutions

c)

Shipment consolidation

d)

Reduced inventory levels

9.

Mia decides to change a future deadline on her project's schedule because she knows that, based on her team's performance, they will not meet the deadline. Mia is taking __________ action.

a)

preventative

b)

corrective

c)

defect repair

d)

productive

10.

What is the first step in the managerial planning process?

a)

Establish goals

b)

Create a schedule

c)

Identify tasks

d)

Evaluate progress

11.

Which of the following is a characteristic of a product trade-name franchise:

a)

It is owned by shareholders.

b)

It is not open to the public.

c)

The franchisee has unlimited liability.

d)

The franchisee can choose the name of the business.

12.

The main difference between arbitration and mediation is that

a)

mediation applies to criminal cases.

b)

mediation involves a third party.

c)

arbitration involves a judgment.

d)

arbitration is a non-binding process.

13.

What type of utility exists when a food processor converts peanuts to peanut butter?

a)

Possession

b)

Time

c)

Place

d)

Form

14.

What type of tax are businesses required to pay on the profits they earn?

a)

Excise

b)

Income

c)

Sales

d)

Property

15.

Last month, Monica used her Old Navy credit card to purchase $200 worth of clothing and accessories. When Monica received the bill, it stated that she had to make a minimum payment of $20. This is an example of a(n) __________ credit account.

a)

installment

b)

revolving

c)

budget

d)

service

16.

Maintenance and repairs is an operations activity that includes

a)

site selection.

b)

production planning.

c)

custodial work.

d)

financial analysis.

17.

What authorization does Guido's Pizza Shop need to obtain to operate legally within its city's limits?

a)

Real-estate license

b)

Health-department permit

c)

Transportation certificate

d)

Search warrant

18.

Which of the following is a career area in marketing:

a)

Banking services

b)

Administrative services

c)

General management

d)

Merchandising

19.

Which of the following is a business potential benefit of implementing continuous quality improvement processes:

a)

Increased revenue

b)

Lower productivity

c)

Decreased demand

d)

Higher costs

20.

Lower premiums and the ability to control the claims process are advantages of

a)

reinsurance carriers.

b)

traditional liability insurance policies.

c)

standard insurance companies.

d)

captive insurance companies.

21.

Which of the following forms of income would be considered unearned income:

a)

A personal salary

b)

Interest from a savings account

c)

Tips from waiting tables

d)

Union strike benefits

22.

Which of the following is an example of intellectual capital:

a)

RSS feeds

b)

Wikis

c)

Video conferencing

d)

Search

23.

Which of the following is a function of project management software:

a)

Financial calculations

b)

Scheduling

c)

Storing client information

d)

Creating visuals

24.

Jerry’s Chicken Shack’s secret sauce has made the business very popular along the east coast. Other restaurants want the recipe so that they can steal some of Jerry’s business. Jerry’s secret sauce needs to be protected as a

a)

trademark

b)

patent

c)

copyright

d)

trade secret

25.

Supply chain network design improves service and reduces cost by aligning purchasing, production, warehousing, inventory, and

a)

the sales force

b)

marketing

c)

transportation

d)

promotion

26.

The basic concepts and fundamental principles of decent human conduct.

a)

Ethics

b)

Priorities

c)

Knowledge

d)

Values

27.

Monitoring the opportunity for loss for a business.

a)

Risk assessment

b)

Risk retention

c)

Risk management

d)

Risk transfer

28.

Concept in economics that a country should specialize in producing and exporting only those goods and services which it can produce more efficiently than other goods and services.

a)

Competitive advantage

b)

Comparative advantage

c)

Absolute advantage

d)

Opportunity cost

29.

Products that come in from another country.

a)

Import

b)

Export

c)

Trade

d)

Domestic

30.

A person or business that sells something.

a)

Limited liability company

b)

Manufacturer

c)

Corporation

d)

Vendor

31.

A process that evalutes a group of items and ranks them in their order of importance or urgency

a)

Review

b)

Prioritize

c)

Time management

d)

Analysis

32.

A written set of guidelines issued by an organization to its workers and management to help them conduct their actions in accordance with its primary values and ethical standards

a)

Corporate vision

b)

Rules of conduct

c)

Organizational goals

d)

Managerial control

33.

Information in an unorganized form (alphabets, numbers, or symbols) that have a relationship with current conditions, ideas, or knowledge

a)

Data

b)

Numbers

c)

Quota

d)

Statistics

34.

The difference in value between exports and imports of a nation

a)

Export deficit

b)

Balance of trade

c)

Trade equilibrium

d)

Trade quota

35.

The stated duty to deal with something, having control over someone, OR the opportunity or to act independently and make decisions without authorization

a)

Productivity

b)

Manager

c)

Coordinator

d)

Responsibility

36.

The probability that conditions like exchange rates, government regulation, or political stability will affect an investment, usually one in a foreign country

a)

Risk

b)

External risk

c)

Economic risk

d)

Investment risk

37.

The selection and training of individuals for specific job functions and delegating them the assosciated responsibilities

a)

Staffing

b)

Employment

c)

Managing

d)

Operations

38.

Commercial trade between nations through free market principles without regulation

a)

Export

b)

Fair trade

c)

Import

d)

Free trade

39.

The cost of designing a reliable, durable product is a(n) __________ cost.

a)

external failure

b)

appraisal

c)

internal failure

d)

prevention

40.

One thing all successful entrepreneurs have in common, regardless of industry, is

a)

athleticism

b)

passion

c)

closed-mindedness

d)

negativity

41.

Which staffing task involves selecting which job applicants to interview?

a)

Determining need

b)

Recruiting

c)

Onboarding

d)

Screening

42.

Rhys is a manager who wants to better motivate and communicate with his employees. Which management function should he focus on to achieve this goal?

a)

Directing

b)

Planning

c)

Organizing

d)

Controlling

43.

It’s appropriate to write a letter of inquiry when

a)

you’re summarizing a business report.

b)

thanking a potential employer for an interview.

c)

informing employees of a payroll change.

d)

requesting more information about a company.

44.

Bryant Technical College is offering an online degree in landscape design. This product is considered a(n)

a)

virtual service

b)

outsourced service

c)

low-quality product

d)

merger

45.

Effective budgets should always be

a)

evaluated

b)

optimistic

c)

inflexible

d)

secretive

46.

Which of the following are examples of intellectual property that are protected by trade-secret legislation:

a)

Research techniques and artistic works

b)

Chemical compounds and manufacturing processes

c)

Novels and customer lists

d)

Inventions and trade characters

47.

What is the primary function of the Random Access Memory (RAM) component of a computer?

a)

Serves as a temporary holding area for files and programs

b)

Reads the computer code that provide visual effects

c)

Stores data and programs permanently

d)

Enables the user to apply point and click commands

48.

When a handbag company embroiders a customer’s name or monogram on a cloth tote bag, it is processing a(n)

a)

open requisition

b)

blanket requisition

c)

special order

d)

reorder

49.

A boutique owner set a goal to open two additional stores in the next three years. What type of organizational goal has the boutique owner set?

a)

Control

b)

Growth

c)

Profit

d)

Market share

50.

What type of plan do businesses often implement when an original plan fails to produce the desired results?

a)

Production

b)

Communications

c)

Contingency

d)

Strategic