DECA EXAM REVIEW 2026 ACCURATE
QUESTIONS AND CORRECT SOLUTIONS
MASTER STUDY SHEET
◉ Capital Products. Answer: purchased by businesses for use in
their operations
◉ Communist Command Economy. Answer: capital for business
investment is provided
by the government, which obtains it by taking the profits of
businesses it owns and by levying taxes
◉ Traditional Economy. Answer: people produce only what they
must have in order to exist
◉ Market Economy (Free Enterprise). Answer: means of production
and distribution are owned and controlled by individuals and
businesses
◉ Operating Expenses. Answer: costs of running the business
, ◉ Gross Domestic Product. Answer: final market value of the total
output of all goods and
services produced within a country's geographic boundaries during
a year's time
◉ Federal Reserve Banks. Answer: used by local banks to protect
their banking functions; do not provide protection for local property
◉ Tact. Answer: the ability to express your ideas and opinions so
that they do not hurt or offend others
◉ Cultural Imperialism. Answer: cultural aspects referring to the
creation and maintenance of unequal relationships between
civilizations favoring the more powerful civilization.
◉ Nationalization. Answer: something whose ownership is taken
over by the government
◉ Credit. Answer: the arrangement in which businesses and
individuals can purchase now and pay later.
◉ Defamation. Answer: a tort that involves harm to an individual's
or business's reputation
QUESTIONS AND CORRECT SOLUTIONS
MASTER STUDY SHEET
◉ Capital Products. Answer: purchased by businesses for use in
their operations
◉ Communist Command Economy. Answer: capital for business
investment is provided
by the government, which obtains it by taking the profits of
businesses it owns and by levying taxes
◉ Traditional Economy. Answer: people produce only what they
must have in order to exist
◉ Market Economy (Free Enterprise). Answer: means of production
and distribution are owned and controlled by individuals and
businesses
◉ Operating Expenses. Answer: costs of running the business
, ◉ Gross Domestic Product. Answer: final market value of the total
output of all goods and
services produced within a country's geographic boundaries during
a year's time
◉ Federal Reserve Banks. Answer: used by local banks to protect
their banking functions; do not provide protection for local property
◉ Tact. Answer: the ability to express your ideas and opinions so
that they do not hurt or offend others
◉ Cultural Imperialism. Answer: cultural aspects referring to the
creation and maintenance of unequal relationships between
civilizations favoring the more powerful civilization.
◉ Nationalization. Answer: something whose ownership is taken
over by the government
◉ Credit. Answer: the arrangement in which businesses and
individuals can purchase now and pay later.
◉ Defamation. Answer: a tort that involves harm to an individual's
or business's reputation
