DECA BUSINESS ADMINISTRATION CORE EXAM
QUESTIONS AND ANSWERS {GRADED A+}
Franchise - ✔✔a contractual agreement between a
parent company and a franchisee to distribute goods and services
Corporation - ✔✔a form of business ownership that is owned by
stockholders who
have purchased units or shares of the company
Elastic Demand - ✔✔demand that changes according to changes in price
Inelastic Demand - ✔✔demand that is not affected by changes in price.
Unitary Demand - ✔✔when sales remain the
same because changes in supply and demand are equal
Tort - ✔✔a private wrongdoing that potentially harms another person or
entity
Doctrine of Sovereign Immunity - ✔✔the universally accepted principle
that each nation has the right to manage its own government and develop
its own laws.
Job Enlargement - ✔✔combining different tasks into one position
, Job Rotation - ✔✔moving from one job to another job within an
organization
Specialization by Trade - ✔✔the type of work that a person performs in
order to earn a living, such as engineering, public-relations, or accounting.
Frictional Unemployment - ✔✔occurs because there are always workers
who are in transition
Structural Unemployment - ✔✔when the demand for certain types of
workers declines and is often due to technology advancements and the
need for new skills
Cyclical Employment - ✔✔result of changes in the economic and business
cycles
Wage Garnishments - ✔✔court-ordered initiatives that involve taking
income taken from an employee's salary and submitting it to another
person or organization
Embezzlement - ✔✔theft of valuables that have been entrusted to
another's care
Securities Fraud - ✔✔the use of misleading sales tactics to persuade
investors to purchase securities
QUESTIONS AND ANSWERS {GRADED A+}
Franchise - ✔✔a contractual agreement between a
parent company and a franchisee to distribute goods and services
Corporation - ✔✔a form of business ownership that is owned by
stockholders who
have purchased units or shares of the company
Elastic Demand - ✔✔demand that changes according to changes in price
Inelastic Demand - ✔✔demand that is not affected by changes in price.
Unitary Demand - ✔✔when sales remain the
same because changes in supply and demand are equal
Tort - ✔✔a private wrongdoing that potentially harms another person or
entity
Doctrine of Sovereign Immunity - ✔✔the universally accepted principle
that each nation has the right to manage its own government and develop
its own laws.
Job Enlargement - ✔✔combining different tasks into one position
, Job Rotation - ✔✔moving from one job to another job within an
organization
Specialization by Trade - ✔✔the type of work that a person performs in
order to earn a living, such as engineering, public-relations, or accounting.
Frictional Unemployment - ✔✔occurs because there are always workers
who are in transition
Structural Unemployment - ✔✔when the demand for certain types of
workers declines and is often due to technology advancements and the
need for new skills
Cyclical Employment - ✔✔result of changes in the economic and business
cycles
Wage Garnishments - ✔✔court-ordered initiatives that involve taking
income taken from an employee's salary and submitting it to another
person or organization
Embezzlement - ✔✔theft of valuables that have been entrusted to
another's care
Securities Fraud - ✔✔the use of misleading sales tactics to persuade
investors to purchase securities
