DECA FINANCE CLUSTER EXAM PRACTICE INFO
1. What is a characteristic of a legally binding contract: Something of
value must be exchanged
2. Chris purchased 500 shares of microcap HRR stock. Then, he posted
false information about HRR on several investment websites to hype up
the stock. After driving up the price of HRR stoo=ck, Chirs quickly sold all
of his stock in the company and carried a large profit. The price of the
stock then fell, leaving HRR investors with worthless stock. What type of
investment scam did Chris commit: Pump and dump
3. The tendency to respond to situations based on how those situations
are posed or viewed is known as: Framing
4. Colin brought 35 shares of stock at $23.50 per share and recently sold
all of the stock for $53.00 per share. What types of tax will Colin pay:
Capital gains
5. What is an advantage of setting ideal standards: provide a lofty
goal for employees to strive for
6. Which of the following is a benefit of using artificial intelligence in
compli- ance: Reduces human error
7. Martin was speeding, but he was only driving a couple of miles over
the speed limit so he could keep up with traffic. Martin was most likely
breaking
law but not law.: The letter of the; the spirit of the
8. Which of the following is an example of verbal acknowledgment
1/2
1. What is a characteristic of a legally binding contract: Something of
value must be exchanged
2. Chris purchased 500 shares of microcap HRR stock. Then, he posted
false information about HRR on several investment websites to hype up
the stock. After driving up the price of HRR stoo=ck, Chirs quickly sold all
of his stock in the company and carried a large profit. The price of the
stock then fell, leaving HRR investors with worthless stock. What type of
investment scam did Chris commit: Pump and dump
3. The tendency to respond to situations based on how those situations
are posed or viewed is known as: Framing
4. Colin brought 35 shares of stock at $23.50 per share and recently sold
all of the stock for $53.00 per share. What types of tax will Colin pay:
Capital gains
5. What is an advantage of setting ideal standards: provide a lofty
goal for employees to strive for
6. Which of the following is a benefit of using artificial intelligence in
compli- ance: Reduces human error
7. Martin was speeding, but he was only driving a couple of miles over
the speed limit so he could keep up with traffic. Martin was most likely
breaking
law but not law.: The letter of the; the spirit of the
8. Which of the following is an example of verbal acknowledgment
1/2
