DECA Entrepreneurship Online Exam
Questions ACTUAL QUESTIONS AND
CORRECT ANSWERS
One of the most common ways for a business to obtain working capital is to apply for a
__________ loan.
long-term
guaranteed
mortgage
short-term - CORRECT ANSWERS✅✅short-term
To do the most effective job of selecting a new employee, the business's first step should be
to
conduct a job analysis.
conduct interviews.
take applications.
review resumes. - CORRECT ANSWERS✅✅conduct a job analysis
When marketers sort customers psychographically, they divide them by
level of education.
lifestyle habits.
likable traits.
loyalty to a brand. - CORRECT ANSWERS✅✅lifestyle habits
Which of the following is a benefit of promotion:
Increased customer loyalty
Increased costs
Decreased sales
Decreased employment opportunities - CORRECT ANSWERS✅✅increased customer
loyalty
, Before a business owner decides to hire a new salesperson, they must first
consider the demand for the business's product.
obtain application forms from the government.
ask current employees to increase their workloads.
limit other employees' hours. - CORRECT ANSWERS✅✅consider the demand for the
business's product
Which of the following is an example of transparency in corporate governance:
Releasing financial documents only if pressured to by shareholders
Embellishing or exaggerating company success to shareholders
Promptly disclosing financial information to shareholders
Communicating goals and strategies to top management only - CORRECT
ANSWERS✅✅promptly disclosing financial information to shareholders
Landon started a furniture manufacturing company several years ago and is considering
expanding his product line to attract new customers. Landon is currently evaluating the
company's existing resources to determine ways that he can apply his current capabilities to
new product opportunities. What type of analysis is Landon conducting?
External-focus
Inside-out
Competitive
Cultural - CORRECT ANSWERS✅✅inside-out
Small businesses are important to the economy because they
indicate future economic trends.
create employment opportunities.
have a large impact on the stock market.
generate large amounts of revenue. - CORRECT ANSWERS✅✅create employment
oppurtunities
***Which of the following is an activity that must take place within a channel of distribution:
Preparing detailed marketing reports
Questions ACTUAL QUESTIONS AND
CORRECT ANSWERS
One of the most common ways for a business to obtain working capital is to apply for a
__________ loan.
long-term
guaranteed
mortgage
short-term - CORRECT ANSWERS✅✅short-term
To do the most effective job of selecting a new employee, the business's first step should be
to
conduct a job analysis.
conduct interviews.
take applications.
review resumes. - CORRECT ANSWERS✅✅conduct a job analysis
When marketers sort customers psychographically, they divide them by
level of education.
lifestyle habits.
likable traits.
loyalty to a brand. - CORRECT ANSWERS✅✅lifestyle habits
Which of the following is a benefit of promotion:
Increased customer loyalty
Increased costs
Decreased sales
Decreased employment opportunities - CORRECT ANSWERS✅✅increased customer
loyalty
, Before a business owner decides to hire a new salesperson, they must first
consider the demand for the business's product.
obtain application forms from the government.
ask current employees to increase their workloads.
limit other employees' hours. - CORRECT ANSWERS✅✅consider the demand for the
business's product
Which of the following is an example of transparency in corporate governance:
Releasing financial documents only if pressured to by shareholders
Embellishing or exaggerating company success to shareholders
Promptly disclosing financial information to shareholders
Communicating goals and strategies to top management only - CORRECT
ANSWERS✅✅promptly disclosing financial information to shareholders
Landon started a furniture manufacturing company several years ago and is considering
expanding his product line to attract new customers. Landon is currently evaluating the
company's existing resources to determine ways that he can apply his current capabilities to
new product opportunities. What type of analysis is Landon conducting?
External-focus
Inside-out
Competitive
Cultural - CORRECT ANSWERS✅✅inside-out
Small businesses are important to the economy because they
indicate future economic trends.
create employment opportunities.
have a large impact on the stock market.
generate large amounts of revenue. - CORRECT ANSWERS✅✅create employment
oppurtunities
***Which of the following is an activity that must take place within a channel of distribution:
Preparing detailed marketing reports
