WorksheetsS1 Adv Ent. Review
Total questions: 38
Worksheet time: 13mins
Name
Class
Date
1.
What is DECA?
a)
A sports organization
b)
A co-curricular school organization
c)
An extra-curricular activity
d)
All of the above
2.
DECA's "Comprehensive Learning Program" consists of which of the following? Check all boxes that apply.
a)
Classroom instruction
b)
Connects to business
c)
Promotes competition
d)
Discourages leadership
3.
Which of the following is NOT one of the career clusters in DECA?
a)
Entrepreneurship
b)
Marketing
c)
Business Management and Administration
d)
Nursing
4.
Which of the following is the best way to enhance creativity and innovation in the workplace?
a)
Taking ideas from other people
b)
Waiting for your boss to give you a solution
c)
Strategy- creating a plan
d)
None of these
5.
True or False: When it comes to communicating effectively, critical thinking and problem solving go hand-in-hand.
a)
True
b)
False
6.
The process of addressing disagreements or tensions between employees, teams, or departments in a professional, respectful, and constructive way is called?
a)
Conflict Diffusion
b)
Peace Making
c)
Decision Making
d)
Conflict Resolution
7.
Effective conflict resolution looks like which of the following? Select all that apply.
a)
Collaborating
b)
Active listening
c)
Manipulation
d)
Open and honest communication
e)
Leading others on
8.
What does WBL stand for?
a)
Work-Based Learning
b)
Work-Based Lessons
c)
Work Board Lessons
d)
Work Beneficial Lessons
9.
What type of experience does WBL offer? Select all that apply.
a)
Career Preparation
b)
Job Placement
c)
Career Awareness
d)
Career Exploration
e)
Job Offers
10.
Which opportunity is considered an advanced opportunity?
a)
Mentorship programs
b)
Service learning
c)
Internships
d)
Job shadowing
11.
Which of the following is NOT an aspect of an industry?
a)
Planning
b)
Management
c)
Financial
d)
Technical/Production
e)
All of the above are aspects of an industry
12.
What are some issues to consider within these industries?
a)
Labor issues
b)
Community issues
c)
Both of the above
d)
Neither of the first 2 answers
13.
True or False: Health, safety, and environmental issues involve laws/regulations, and practices affecting the impact on the environment.
a)
False
b)
True
14.
What are the types of business risk? Select all that apply.
a)
Operational Risk
b)
Compliance Risk
c)
Inventory Risk
d)
Reputational Risk
e)
Strategic Risk
15.
The risk that results from poor business decisions and improper implementation of strategies is known as
a)
Operational Risk
b)
Reputational Risk
c)
Compliance Risk
d)
None of the above
16.
Human risk, natural risk, and economic risk are all apart of what process?
a)
Reputational Management
b)
Risk Management
c)
Business Management
d)
All of the above
17.
A series of discussions or a collaborative process that aims to find a solution between two or more parties during a complex or complicated conflict is called
a)
Negotiation
b)
Delegation
c)
Bargaining
d)
Business Collaboration
18.
Which of the following is NOT apart of the negotiation steps?
a)
Bargaining
b)
Implementation and Follow-Up
c)
Consulting
d)
Preparation
19.
True or False: During the closing phase of the negotiation process, terms MUST be finalized to ensure both parties clearly understand the agreement.
a)
True
b)
False
20.
True or False: Entrepreneurship doesn't contribute to increased competition and innovation in market economies.
a)
False
b)
True
21.
A group of individuals who come together to start a business is known as what?
a)
Workers Union
b)
Business Collective
c)
Founding Team
d)
None of the above
22.
Business regulations have statues and laws that they must abide by when it comes to which of the following? Select all that apply.
a)
Zoning
b)
Fire/safety codes
c)
Facilities
d)
Waste Disposals
e)
Hours of Operation
23.
Creations that are legally protected so that the creator or owner has exclusive rights to use, produce, and profit from them for a certain period of time is known as what?
a)
Ownership
b)
Legal Rights
c)
Creative Rights
d)
Intellectual Property
24.
A form of IP that protects musical, artistic, and/or digital works.
a)
Copyright
b)
Trademark
c)
Patent
d)
Licensing
25.
A form of IP that protects a symbol, name, word, phrase, logo, or design.
a)
Copyright
b)
Trademark
c)
Patent
d)
Licensing
26.
Which of the following is a key part of the orientation/training stage for new employees?
a)
Payroll Procedures
b)
Tour of Facilities
c)
Safety Procedures
d)
All of the above
e)
None of the above
27.
True or False: Intrinsic motivation is fueled by outside recognition and praise while extrinsic motivation is fueled by your passion and sense of purpose.
a)
False
b)
True
28.
True or False: If you are unable to successfully manage a personal budget, then you are unlikely to successfully manage a business budget.
a)
False
b)
True
29.
Borrowed money you promise to repay later is known as?
a)
Equity
b)
Lending
c)
Credit
d)
Borrowing
30.
What are some credit score factors? Select all that apply.
a)
Length of credit history
b)
Types of credit
c)
Payment histroy
d)
Credit utilization
31.
True or False: Receiving business funding from family and friends is a big risk when it comes to potentially damaging a relationship.
a)
False
b)
True
32.
Which of the following are part of the major funding sources? Select all that apply.
a)
Crowdfunding
b)
Angel Investors
c)
Business-to-Business Funding
d)
Bootstrapping
e)
All of the above
33.
True or False: Receiving funds through a traditional loan comes with a high financial risk but also a high reward in return.
a)
True
b)
False
34.
Movement of money in and out of a business over a specific period of time is known as what?
a)
Cash Flow
b)
Cash Mounting
c)
Profit Flow
d)
Revenue Share
35.
Gross Profit MINUS Total Operating Expenses equals?
a)
Net Value
b)
Profit Value
c)
Net Income
d)
Cash Flow
36.
Which of the following is NOT apart of accounting records?
a)
Tax returns
b)
Financial reports
c)
Invoices
d)
All of the above are apart of accounting records
37.
True or False: A sales forecast and expense forecast both play the same role in a financial model.
a)
True
b)
False
38.
A cost that stays the same no matter how much a company sells is called?
a)
Variable cost
b)
Fixed cost
c)
Stable cost
d)
Absolute cost
100 %
