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DECA Finance Exam 4
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DECA Finance Exam 4
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25 Questions

1. Business A's failure to keep an agreement to supply Business B with a certain good or service is an example of a situation that is covered by __________ law.
2. A business that fails to provide accurate financial information in the required timeframe to a government agency may be subject to
3. When the value of the dollar decreases in foreign exchange markets, the inflation rate tends to
4. Which of the following statements is true of constructive criticism:
5. Determining what consumers want in order to promote and sell those goods and services is a function of the business activity of
6. Which of the following would normally be considered a scarce natural resource in the U.S.:
7. Which of the following is one reason why businesses gather information:
8. Which of the following is often a factor that a business considers when evaluating a vendor's performance:
9. Which of the following is a category of worker that is not included in the unemployment rate, although this category indicates that there is a problem in the economy:
10. What is a common consequence of poor financial-information management?
11. What should help businesspeople adapt their communication styles to appeal to clients from other cultures?
12. A critical aspect of financial planning involves
13. After the popularity of a product dropped, the business needed a new product to promote that would help to improve its image. Which marketing function would come up with the new product?
14. Which of the following is likely to be the result when coworkers do not communicate well with each other:
15. Keeping reliable financial records helps businesses to
16. Which of the following is a personal effort that would help an employee to reach a high level of efficiency:
17. Convergence and consolidation in the finance industry have resulted in a(n)
18. The supervisor who exercises very little or no control over employees is using the __________ style of leadership.
19. A business owner applying for a bank loan would probably ask the accounting department to provide records that show the value of the company's total
20. Which of the following are characteristics of effective business information:
21. The federal courts are part of the
22. Which of the following is often the key to successfully managing a project:
23. While reviewing a business's general ledger, a virtual auditor identified two identical journal entries within the same accounting period. What reasoning technique did the virtual auditor use?
24. Jan's supervisor is giving her verbal instructions for a task to be completed. Jan takes notes and asks her supervisor to elaborate on a key point. Jan is practicing
25. What type of utility is created when a business allows consumers to make purchases on credit?

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