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DECA Entrepreneurship Team Decision Making Exam
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DECA Entrepreneurship Team Decision Making Exam
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25 Questions

1. Who typically reviews and approves the guidelines for running a corporation, which are also known as corporate governance policies?
2. A manufacturing company is required by the local government to dispose of its waste in an environmentally safe way. This is an example of how process design can be affected by __________ factors.
3. When buyers and sellers have agreed on a value for a product, they have established the
4. To effectively manage a supply chain, companies should
5. After writing your personal vision, what must you do to achieve it?
6. Channels of distribution benefit consumers by
7. Limited liability, indefinite length of life, ease of expansion, legal entity, and transfer of ownership are considered advantages of a
8. Basic torts relating to businesses often involve disputes concerning
9. What should a successful brand promise be able to do?
10. For which of the following markets would producers use a short channel of distribution:
11. Small-business owners develop and use operating procedures so that everyday tasks are performed in a(n) __________ way.
12. Why do lending institutions carefully evaluate how well a business meets certain criteria before making a loan?
13. Which of the following statements is true about business startup requirements:
14. An important part of a market analysis involves collecting __________ information.
15. If employees are fired because their conduct is in serious violation of company policies, they are being terminated for
16. To determine their human resource needs, new business owners often find it helpful to
17. If a business considers where the consumers are and who they are before selecting a channel of distribution, the business is considering the __________ factor.
18. Which of the following activities is an example of preparing before attempting to sell an idea:
19. An example of an internal change that could affect a business's sales forecast is a change in the
20. What is often the role of management in the achievement of quality in a business?
21. Which of the following is a characteristic of a business-format franchise:
22. Which of the following is an example of an intangible asset:
23. Which of the following should a business consider when negotiating a service or maintenance contract on a piece of equipment:
24. The entrepreneurial discovery process that involves finding a way to meet an existing demand by inventing new products from available resources is based on
25. Products that appeal to the majority of customers are often sold through __________ marketing efforts.

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