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DECA Accounting Applications Exam
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DECA Accounting Applications Exam
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25 Questions

1. Once a SWOT analysis identifies an internal strength, a business can use that strength to take advantage of a(n)
2. A business assigning a monetary amount to a loan that will be paid off over a period of 10 years is an example of
3. One important function of the main business activity of marketing is the __________ of goods or services.
4. Why is it important for businesses to include specific time frames when setting marketing goals and objectives?
5. Which of the following is a strategy that a business might use to position an existing product that is losing popularity:
6. A cereal manufacturer that is conducting a survey to determine its consumers' cereal preferences is gathering __________ information.
7. Which of the following is a type of regulation that discourages predatory pricing practices and encourages fair trade:
8. If a business had sales returns of 4% and allowances of 3.5% based on total sales of $675,250, what amount should the business deduct from sales revenue?
9. What is often the role of management in the achievement of quality in a business?
10. Managers who give good directions to employees usually are able to
11. Why are businesses often willing to pay the price for national brands that are well-known?
12. 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
13. Which of the following is used in the calculation of the gross domestic product:
14. Which of the following would be used to promote special sales events only to customers who live in a specific location:
15. Two characteristics of a good guarantee are that it should be
16. What is a potential benefit to a business that implements an ongoing product opportunity recognition process?
17. Most businesses require their employees to have at least
18. When developing an operating budget, a business estimates total expenses and sales for a period of time in order to predict
19. A lumber business cuts boards from tree trunks. This business gives the resource __________ utility.
20. When a business considers the feasibility of a product idea, it should determine if the product idea is consistent with the company's
21. Fisher Industries wanted to protect its new CD player for automobiles by listing it with the appropriate government agency. What kind of protection is this?
22. Which of the following is a reason why most businesses maintain check registers:
23. What pricing objective would be most effective for a new business that wants to establish a market share, be competitive, and create a specific image?
24. Purchasing can minimize a business's investment in inventory by
25. Calculating total revenue and marginal revenue is one way for businesses to determine

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