Latest DECA Entrepreneurship Exam
All Questions Answered Correctly
2025/2026 Edition.
Which of the following is a type of intangible business property that is protected by law. -
Answer Trademark. A trademark is a symbol, design, or word used by a business to identify a
good or service and is registered with the government to prevent its use by others. A trademark
is an example of intangible business property. Federal law protects a business's intangible
property from being used by competitors.
Basic torts relating to businesses often involve disputes concerning. - Answer Contracts.
Business torts are wrongful actions against a business that cause it harm in some way. Disputes
concerning contracts are often the basis for businesses suing individuals or other businesses.
Many businesses have contractual arrangements with employees or vendors. If these contracts
are broken, the business might be harmed and seek compensation through the legal system.
Which of the following is a characteristic of a business-format franchise. - Answer
Continuous assistance is provided by the franchiser. A business-format franchise is a more
complex and more popular type of franchise arrangement than the product trade-name
franchise. It involves a close, continuous working relationship between the franchiser and the
franchisee. Examples of the business format franchise are McDonald's, Holiday Inn, and Jiffy
Lube. Products and other materials usually must be purchased from the franchiser's list of
approved vendors. The franchisee must operate under the trade name of the franchiser.
Limited liability, indefinite length of life, ease of expansion, legal entity, and transfer of
ownership are considered advantages of a. - Answer Corporation. Corporations are
advantageous due to the separate legal body that is created by a state charter. The charter
limits individual liability, allows for permanency of existence, ease in transferring ownership,
and a greater number of resources for financial growth.
Channels of distribution benefit consumers by. - Answer Making a variety of products
available to them. Channels of distribution benefit consumers by making a variety of products
available to them. Without these channels, consumers could only buy products directly from
producers, which would be impractical. Channels may lower some but not all consumer product
prices. They may raise the quality of some but not all consumer products. Increased profits for
businesses is not a benefit for consumers.
For which of the following markets would producers use a short channel of distribution. -
Answer Local consumers. A short channel can be used when the potential customers are few
and/or located close together.
If a business considers where the consumers are and who they are before selecting a channel of
distribution, the business is considering the __________ factor. - Answer Market. Market
, factors deal with where the consumers are, who they are, the information they require, and the
size of their orders. Understanding the market is an important aspect of selecting the best
channel of distribution. For example, it is important for businesses to know that most
consumers prefer to buy products from retailers.
What do business employees often need to do before they are able to write proposals? -
Answer Research the problem. Proposals are intended to answer questions or provide
recommendations to solve problems. Business employees often need to research a particular
situation or problem before they are able to write proposals. After employees do research and
gather information, they write proposals that explain the problem and the solutions. The
proposal is intended to persuade the business to follow the recommendations.
Which of the following is an example of a manager developing a policy that impacts customer
relations. - Answer Extending business hours on weekends. Management is responsible for
developing policies, and many of these policies have an impact on customer relations. An
example of a policy that usually improves customer relations is providing extended business
hours on weekends. Many customers work during the week and only have free time in the
evenings and on weekends. Businesses that offer extended hours on weekends are making it
easy for customers to buy when it is convenient for them.
What should a successful brand promise be able to do? - Answer Communicate an appealing
benefit. A brand promise is a business's agreement (spoken or unspoken) with customers that it
will consistently meet their expectations and deliver on its brand characteristics and values.
Before the business can deliver on its brand promise, it must have a product that offers an
appealing benefit—one that persuades the target market to buy.
Which of the following is one way that freedom in a private enterprise system is limited by laws.
- Answer Certain occupations must be licensed. Even though there are many economic
freedoms in a private enterprise system, there are certain limits. Economic freedom is limited by
laws that have been created to
protect everyone. Workers in certain occupations must be licensed to safeguard public health
and safety. Pay scales are not regulated but vary greatly depending on the occupation, area of
the country, and current economic conditions.
During the month of July, sales at Handy's Shoe Mart totaled $2,500. The cost of the shoes was
$1,025. The owner paid $866 for supplies, insurance, rent, and utilities during the month. The
$609 left over represents the owner's. - Answer Net profit. Net profit is the amount of
money left over after operating expenses are subtracted from gross
profit.
Non-corporations are taxed as pass-through entities, meaning that. - Answer Profits and
losses are claimed on owners' personal tax returns. Non-corporations are taxed as pass through
entities, meaning that profits and losses are claimed on owners' personal tax returns.
All Questions Answered Correctly
2025/2026 Edition.
Which of the following is a type of intangible business property that is protected by law. -
Answer Trademark. A trademark is a symbol, design, or word used by a business to identify a
good or service and is registered with the government to prevent its use by others. A trademark
is an example of intangible business property. Federal law protects a business's intangible
property from being used by competitors.
Basic torts relating to businesses often involve disputes concerning. - Answer Contracts.
Business torts are wrongful actions against a business that cause it harm in some way. Disputes
concerning contracts are often the basis for businesses suing individuals or other businesses.
Many businesses have contractual arrangements with employees or vendors. If these contracts
are broken, the business might be harmed and seek compensation through the legal system.
Which of the following is a characteristic of a business-format franchise. - Answer
Continuous assistance is provided by the franchiser. A business-format franchise is a more
complex and more popular type of franchise arrangement than the product trade-name
franchise. It involves a close, continuous working relationship between the franchiser and the
franchisee. Examples of the business format franchise are McDonald's, Holiday Inn, and Jiffy
Lube. Products and other materials usually must be purchased from the franchiser's list of
approved vendors. The franchisee must operate under the trade name of the franchiser.
Limited liability, indefinite length of life, ease of expansion, legal entity, and transfer of
ownership are considered advantages of a. - Answer Corporation. Corporations are
advantageous due to the separate legal body that is created by a state charter. The charter
limits individual liability, allows for permanency of existence, ease in transferring ownership,
and a greater number of resources for financial growth.
Channels of distribution benefit consumers by. - Answer Making a variety of products
available to them. Channels of distribution benefit consumers by making a variety of products
available to them. Without these channels, consumers could only buy products directly from
producers, which would be impractical. Channels may lower some but not all consumer product
prices. They may raise the quality of some but not all consumer products. Increased profits for
businesses is not a benefit for consumers.
For which of the following markets would producers use a short channel of distribution. -
Answer Local consumers. A short channel can be used when the potential customers are few
and/or located close together.
If a business considers where the consumers are and who they are before selecting a channel of
distribution, the business is considering the __________ factor. - Answer Market. Market
, factors deal with where the consumers are, who they are, the information they require, and the
size of their orders. Understanding the market is an important aspect of selecting the best
channel of distribution. For example, it is important for businesses to know that most
consumers prefer to buy products from retailers.
What do business employees often need to do before they are able to write proposals? -
Answer Research the problem. Proposals are intended to answer questions or provide
recommendations to solve problems. Business employees often need to research a particular
situation or problem before they are able to write proposals. After employees do research and
gather information, they write proposals that explain the problem and the solutions. The
proposal is intended to persuade the business to follow the recommendations.
Which of the following is an example of a manager developing a policy that impacts customer
relations. - Answer Extending business hours on weekends. Management is responsible for
developing policies, and many of these policies have an impact on customer relations. An
example of a policy that usually improves customer relations is providing extended business
hours on weekends. Many customers work during the week and only have free time in the
evenings and on weekends. Businesses that offer extended hours on weekends are making it
easy for customers to buy when it is convenient for them.
What should a successful brand promise be able to do? - Answer Communicate an appealing
benefit. A brand promise is a business's agreement (spoken or unspoken) with customers that it
will consistently meet their expectations and deliver on its brand characteristics and values.
Before the business can deliver on its brand promise, it must have a product that offers an
appealing benefit—one that persuades the target market to buy.
Which of the following is one way that freedom in a private enterprise system is limited by laws.
- Answer Certain occupations must be licensed. Even though there are many economic
freedoms in a private enterprise system, there are certain limits. Economic freedom is limited by
laws that have been created to
protect everyone. Workers in certain occupations must be licensed to safeguard public health
and safety. Pay scales are not regulated but vary greatly depending on the occupation, area of
the country, and current economic conditions.
During the month of July, sales at Handy's Shoe Mart totaled $2,500. The cost of the shoes was
$1,025. The owner paid $866 for supplies, insurance, rent, and utilities during the month. The
$609 left over represents the owner's. - Answer Net profit. Net profit is the amount of
money left over after operating expenses are subtracted from gross
profit.
Non-corporations are taxed as pass-through entities, meaning that. - Answer Profits and
losses are claimed on owners' personal tax returns. Non-corporations are taxed as pass through
entities, meaning that profits and losses are claimed on owners' personal tax returns.
