Business Law & Ethics
DECA Study Guide 2026 |
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Updated 2026 Questions and Answers
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, One of the main functions of the legal procedure is to If a business believes it has been wronged by another, the business follows the
resolve disputes. appropriate legal procedure to resolve the issue.
Corporation A form of ownership owned by stockholders who have purchased stock. The liability
of each owner is limited to the amount invested. Someone who wants to protect all
of their assets would invest into a corporation.
Franchise An agreement between a parent company and a franchisee to distribute goods and
services
Partnership A form of business ownership owned by two or more persons
Sole Proprietorship A form of business ownership in which the business is owned by one person.
Company policies Identify general company rules. They are rules made in advance by management to
assist employees in decision making. They also describe whom the rules apply to
and why they exists.
Company Procedures Is not the same thing as company policies. Company procedures provide a more
step by step plans of how to carry out policies and processes. They identify very
specific employee actions, such as what to do in the event of an emergency
Before an individual can follow verbal directions, s/he must Listen.
first be ready to
What is important to do when giving verbal directions to Ask questions.
make sure the audience understands?
It is only appropriate to use complex, technical jargon Speaking to coworkers. Jargon is specialized language only known to certain
when groups of people. Coworkers are more likely to use jargon because they are familiar
with the terms or understand their meanings and applications.
When participating in group discussions it is often helpful appoint a leader
to
What should a business employee do before writing an Identify the audience. Business employees need to know who the audience is so
informal message? they can present the message in a way that is relevant to that audience.
Which of the following are characteristics of a well- written B. Clear, concise, and error free.
executive summary? - An executive summary is a section of a formal report that highlights the most
A. Error free, simple, creative important information that appears in the body of the document. An executive
B. Clear, concise, and error free summary should be easy to read and simple to understand.
C. Creative, concise, and informal
D. Concise, informal, and error free
What information should be included in the When providing recommendations, the writer should clearly state both the benefits
recommendations section of an analytical report? and risks associated with the recommendation, so the readers can make informed
business decisions.
DECA Study Guide 2026 |
Questions & Answers
Review
|Graded A+ | Guaranteed
success|
Updated 2026 Questions and Answers
100% Verified Exam Prep and Comprehensive
Rationales
Included
, One of the main functions of the legal procedure is to If a business believes it has been wronged by another, the business follows the
resolve disputes. appropriate legal procedure to resolve the issue.
Corporation A form of ownership owned by stockholders who have purchased stock. The liability
of each owner is limited to the amount invested. Someone who wants to protect all
of their assets would invest into a corporation.
Franchise An agreement between a parent company and a franchisee to distribute goods and
services
Partnership A form of business ownership owned by two or more persons
Sole Proprietorship A form of business ownership in which the business is owned by one person.
Company policies Identify general company rules. They are rules made in advance by management to
assist employees in decision making. They also describe whom the rules apply to
and why they exists.
Company Procedures Is not the same thing as company policies. Company procedures provide a more
step by step plans of how to carry out policies and processes. They identify very
specific employee actions, such as what to do in the event of an emergency
Before an individual can follow verbal directions, s/he must Listen.
first be ready to
What is important to do when giving verbal directions to Ask questions.
make sure the audience understands?
It is only appropriate to use complex, technical jargon Speaking to coworkers. Jargon is specialized language only known to certain
when groups of people. Coworkers are more likely to use jargon because they are familiar
with the terms or understand their meanings and applications.
When participating in group discussions it is often helpful appoint a leader
to
What should a business employee do before writing an Identify the audience. Business employees need to know who the audience is so
informal message? they can present the message in a way that is relevant to that audience.
Which of the following are characteristics of a well- written B. Clear, concise, and error free.
executive summary? - An executive summary is a section of a formal report that highlights the most
A. Error free, simple, creative important information that appears in the body of the document. An executive
B. Clear, concise, and error free summary should be easy to read and simple to understand.
C. Creative, concise, and informal
D. Concise, informal, and error free
What information should be included in the When providing recommendations, the writer should clearly state both the benefits
recommendations section of an analytical report? and risks associated with the recommendation, so the readers can make informed
business decisions.
