DECA HUMAN RESOURCES MANAGEMENT EXAM
NEWEST 2025 ACTUAL EXAM, PRACTICE EXAM AND
STUDY GUIDE COMPLETE 450 QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+
Absence .....ANSWER.....Time off when an employee is not at
work during their normal work period. Can be scheduled or
unscheduled.
Absolute advantage .....ANSWER.....the ability to produce a
good using fewer inputs than another producer
Accounts receivable .....ANSWER.....amounts that are currently
owed to a firm
Ad-hoc committee .....ANSWER.....Committee formed for a
specific task or objective, and dissolved after the completion of
the task or achievement of the objective.
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Advance order .....ANSWER.....An order for goods and/or
services ordered before the move-in date for an exhibition.
Usually less expensive than a floor order.
Agency Relationship .....ANSWER.....A business relationship where
a principal gives legal authority to an agent to act on the
principal's behalf when dealing with a third party
Apparent authority .....ANSWER.....A third party responsibly
assumes that the principal granted authority to the agent
Agent .....ANSWER.....Person who is legally authorized to act on
behalf of another party in business transaction
Arbitration .....ANSWER.....the process or act of resolving a
dispute
Balance sheet .....ANSWER.....A condensed statement that shows
the financial position of an entity on a specified date( assets =
liabilities + owners' equity)
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Base Salary .....ANSWER.....a fixed amount of money paid to an
employee by an employer in return for work performed. Does
not include benefits, bonuses or any other potential compensation
from an employer.
Benchmark Job .....ANSWER.....A job commonly found in the
workforce for which pay and other relevant data are readily
available. used to make pay comparisons and job evaluations.
Benefits .....ANSWER.....a form of compensation above the
amount of pay specified as a base salary or hourly rate of pay.
Also a portion of a total compensation package for employees.
Blanket order .....ANSWER.....a purchase order the customer
makes with its supplier which contains multiple delivery dates
over a period of time, often negotiated to take advantage of
predetermined pricing.
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Bonds .....ANSWER.....A certificate issued by a government or
private company which promises to pay back with interest the
money borrowed from the buyer of the certificate.
Bonus .....ANSWER.....Compensation above and beyond that
defined by a base salary our hourly wage.
Bot .....ANSWER.....Type of computer program that scours the
internet, searching for the information requested by a user.
Budget Credit account .....ANSWER.....A form of short-term credit
often set up for 60- or 90-day periods with a payment due
every 30 days
Bumping .....ANSWER.....Giving long-standing employees, whose
positions are to be eliminated, the option of taking other
positions within the company that they are qualified for and that
are currently held by employees with less seniority.