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DECA Accounting Applications Exam
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DECA Accounting Applications Exam
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25 Questions

1. Why is it important for businesses to maintain accurate accounting systems?
2. Why do businesses verify the invoices they receive from creditors?
3. Convert $550 Canadian dollars to U.S. dollars if the Canadian dollar is worth $.85 in the U.S.
4. Which of the following is an example of a durable good:
5. A decline in the value of business equipment is called
6. What should a person always do when adapting to a new situation?
7. Calculating total revenue and marginal revenue is one way for businesses to determine
8. Coca-Cola, Minute Maid frozen orange juice, Fruitopia, and Powerade sports drink are all examples of the Coca-Cola Company's product
9. A factor that businesses consider when conducting marketing audits is marketing
10. Which of the following has resulted because many workers have entered the country illegally:
11. When conducting exit interviews, businesses often obtain useful information by asking __________ questions.
12. Based on the following information, estimate the amount that a business may be unable to collect: $120 and $375 due less than 30 days; $250 and $185 due more than 30 but less than 60 days; $300 due more than 60 but less than 90 days; and $245 due for more than 90 days.
13. Before identifying the right people to work on a project, it is important to
14. Salespeople write sales letters and sales proposals for their customers by using __________ computer software.
15. Which of the following is one of the functions of costing procedures:
16. The XYZ Corporation has set a goal to increase profitability by 15% within the next two years. To achieve that goal, the corporation has decided to open a new location. This strategy is the corporation's
17. Salespeople who strive to provide superior service are more likely to
18. What does a business usually do when it decides that a receivable is uncollectible?
19. Which credit legislation gives consumers the right to inspect their credit history files?
20. Predicting the number of units of a good or service that a business will sell during a given time is referred to as a(n)
21. Advertisements, marketing plans, marketing-research reports, information sheets, and product manuals can all be used by salespeople to
22. A large number of underemployed workers indicates that there is a problem in the economy because underemployment means that
23. Which of the following is a source of product information that can be found on or with the product itself:
24. Which of the following is an employee benefit of effective new-employee orientation:
25. The Clayton Act of 1914 was enacted to resolve legal issues related to

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