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DECA Business Law And Ethics Exam 3
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DECA Business Law And Ethics Exam 3
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25 Questions

1. Which of the following is the most commonly used instructional method for management development:
2. Which type of difficult customer tends to know what they want and, if handled properly, will sell themselves?
3. Calculate a business's fixed costs based on the following information: $55,000 in rent, $250,250 in salaries, $6,750 for insurance, $72,400 in commissions, and $3,700 in advertising.
4. Which of the following represents a career goal:
5. It is appropriate for an employer to monitor its employees' telephone calls when the purpose is to
6. The usefulness of a product to consumers is referred to as product
7. One reason why distribution arrangements, such as exclusive dealing and exclusive territories, are often illegal is because they tend to
8. Which of the following is most likely to occur if a business intentionally presents marketing information in an unethical or deceptive way:
9. Business management can be held liable for business crimes committed by their employees when managers are
10. To prevent computer fraud, businesses should provide employees with
11. When a business does not meet the safety needs of its visitors and employees, it is violating its civic duty to exhibit
12. Which of the following is a legal strategy used through the civil court system that protects a business's trademark from further trademark infringement by another company:
13. The two main divisions of the trade industry are
14. When the court orders a wrongdoer to pay a victim for his/her medical expenses and lost wages, the court is awarding __________ damages.
15. Using the following information in a financial statement, determine what percent of net sales is gross margin: net sales is $9,000; cost of goods sold is $6,000; and gross margin is $3,000.
16. What step of a criminal proceeding provides a defendant the opportunity to officially declare his/her guilt or innocence?
17. When working with employees, which of the following is a discrimination issue that a manager needs to consider in terms of workplace liability:
18. What types of businesses can be owned by thousands of stockholders?
19. Sales tax is collected from customers and turned over to the
20. When engaging in international trade, countries follow the 'general principles of law,' which are based on the legal systems of
21. What do team members often need to be effective members of the team?
22. Which of the following categories of information are found on a balance sheet:
23. To legally form a corporation, principal shareholders apply for a government charter and complete a document called the
24. Maintaining a sense of humor can help you to be a good team member because it
25. Does the court system recognize oral contracts as legal agreements?

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