WorksheetsRRHS DECA Business Management & Administration Exam
Total questions: 50
Worksheet time: 25mins
Which of the following would be appropriate to include at the very beginning of a research report:
The research findings
The scientific conclusion
The research question
The paper's appendix
How does governmental use of revenue from sales and corporate taxes benefit businesses?
Tax monies pay off government debt.
Tax monies provide foreign aid.
Tax monies fund public services.
Tax monies fund military projects.
When aggregate demand decreases, which of the following will mostly likely increase:
Expansion
Inflation
Production
Unemployment
Maslow's Hierarchy of Needs is a theory that can help explain how and why people are
wealthy
motivated
talented
intelligent
Which of the following statements regarding cash flow statements is true:
A cash flow statement is derived from the income statement and the balance sheet.
A negative cash flow indicates that a company is financially healthy and stable.
The less cash available for business operations, the better for company investors.
A positive cash flow indicates that a company is financially unhealthy.
Which of the following is a function of knowledge mapping software
Querying data to retrieve information
Locating the person with the most knowledge on a particular subject
Preventing former employees from accessing company knowledge
Seeing who is responsible for a task
What technological advancement has made project management software accessible no matter where employees are located?
Cloud computing
Augmented reality
Automation
Radio frequency identification
Which of the following supply chain collaboration techniques helps a company reduce transportation costs:
Reduced supply costs
Integrated IT solutions
Shipment consolidation
Reduced inventory levels
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.
preventative
corrective
defect repair
productive
What is the first step in the managerial planning process?
Establish goals
Create a schedule
Identify tasks
Evaluate progress
Which of the following is a characteristic of a product trade-name franchise:
It is owned by shareholders.
It is not open to the public.
The franchisee has unlimited liability.
The franchisee can choose the name of the business.
The main difference between arbitration and mediation is that
mediation applies to criminal cases.
mediation involves a third party.
arbitration involves a judgment.
arbitration is a non-binding process.
What type of utility exists when a food processor converts peanuts to peanut butter?
Possession
Time
Place
Form
What type of tax are businesses required to pay on the profits they earn?
Excise
Income
Sales
Property
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.
installment
revolving
budget
service
Maintenance and repairs is an operations activity that includes
site selection.
production planning.
custodial work.
financial analysis.
What authorization does Guido's Pizza Shop need to obtain to operate legally within its city's limits?
Real-estate license
Health-department permit
Transportation certificate
Search warrant
Which of the following is a career area in marketing:
Banking services
Administrative services
General management
Merchandising
Which of the following is a business potential benefit of implementing continuous quality improvement processes:
Increased revenue
Lower productivity
Decreased demand
Higher costs
Lower premiums and the ability to control the claims process are advantages of
reinsurance carriers.
traditional liability insurance policies.
standard insurance companies.
captive insurance companies.
Which of the following forms of income would be considered unearned income:
A personal salary
Interest from a savings account
Tips from waiting tables
Union strike benefits
Which of the following is an example of intellectual capital:
RSS feeds
Wikis
Video conferencing
Search
Which of the following is a function of project management software:
Financial calculations
Scheduling
Storing client information
Creating visuals
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
trademark
patent
copyright
trade secret
Supply chain network design improves service and reduces cost by aligning purchasing, production, warehousing, inventory, and
the sales force
marketing
transportation
promotion
The basic concepts and fundamental principles of decent human conduct.
Ethics
Priorities
Knowledge
Values
Monitoring the opportunity for loss for a business.
Risk assessment
Risk retention
Risk management
Risk transfer
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.
Competitive advantage
Comparative advantage
Absolute advantage
Opportunity cost
Products that come in from another country.
Import
Export
Trade
Domestic
A person or business that sells something.
Limited liability company
Manufacturer
Corporation
Vendor
A process that evalutes a group of items and ranks them in their order of importance or urgency
Review
Prioritize
Time management
Analysis
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
Corporate vision
Rules of conduct
Organizational goals
Managerial control
Information in an unorganized form (alphabets, numbers, or symbols) that have a relationship with current conditions, ideas, or knowledge
Data
Numbers
Quota
Statistics
The difference in value between exports and imports of a nation
Export deficit
Balance of trade
Trade equilibrium
Trade quota
The stated duty to deal with something, having control over someone, OR the opportunity or to act independently and make decisions without authorization
Productivity
Manager
Coordinator
Responsibility
The probability that conditions like exchange rates, government regulation, or political stability will affect an investment, usually one in a foreign country
Risk
External risk
Economic risk
Investment risk
The selection and training of individuals for specific job functions and delegating them the assosciated responsibilities
Staffing
Employment
Managing
Operations
Commercial trade between nations through free market principles without regulation
Export
Fair trade
Import
Free trade
The cost of designing a reliable, durable product is a(n) __________ cost.
external failure
appraisal
internal failure
prevention
One thing all successful entrepreneurs have in common, regardless of industry, is
athleticism
passion
closed-mindedness
negativity
Which staffing task involves selecting which job applicants to interview?
Determining need
Recruiting
Onboarding
Screening
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?
Directing
Planning
Organizing
Controlling
It’s appropriate to write a letter of inquiry when
you’re summarizing a business report.
thanking a potential employer for an interview.
informing employees of a payroll change.
requesting more information about a company.
Bryant Technical College is offering an online degree in landscape design. This product is considered a(n)
virtual service
outsourced service
low-quality product
merger
Effective budgets should always be
evaluated
optimistic
inflexible
secretive
Which of the following are examples of intellectual property that are protected by trade-secret legislation:
Research techniques and artistic works
Chemical compounds and manufacturing processes
Novels and customer lists
Inventions and trade characters
What is the primary function of the Random Access Memory (RAM) component of a computer?
Serves as a temporary holding area for files and programs
Reads the computer code that provide visual effects
Stores data and programs permanently
Enables the user to apply point and click commands
When a handbag company embroiders a customer’s name or monogram on a cloth tote bag, it is processing a(n)
open requisition
blanket requisition
special order
reorder
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?
Control
Growth
Profit
Market share
What type of plan do businesses often implement when an original plan fails to produce the desired results?
Production
Communications
Contingency
Strategic
