DECA Business Administration Core
Exam ||Latest Exam Update With
Verified Correct Answers
Franchise -CORRECT ANSWER a contractual agreement between a
parent company and a franchisee to distribute goods and services
Corporation -CORRECT ANSWER a form of business ownership that is owned by
stockholders who
have purchased units or shares of the company
Elastic Demand -CORRECT ANSWER demand that changes according to changes in
price
Inelastic Demand -CORRECT ANSWER demand that is not affected by changes in
price.
Unitary Demand -CORRECT ANSWER when sales remain the
same because changes in supply and demand are equal
Tort -CORRECT ANSWER a private wrongdoing that potentially harms another person
or entity
Doctrine of Sovereign Immunity -CORRECT ANSWER the universally accepted
principle that each nation has the right to manage its own government and develop
its own laws.
Job Enlargement -CORRECT ANSWER combining different tasks into one position
Job Rotation -CORRECT ANSWER moving from one job to another job within an
organization
Specialization by Trade -CORRECT ANSWER the type of work that a person performs
in order to earn a living, such as engineering, public-relations, or accounting.
Frictional Unemployment -CORRECT ANSWER occurs because there are always
workers who are in transition
Structural Unemployment -CORRECT ANSWER when the demand for certain types of
workers declines and is often due to technology advancements and the need for new
skills
, Cyclical Employment -CORRECT ANSWER result of changes in the economic and
business cycles
Wage Garnishments -CORRECT ANSWER court-ordered initiatives that involve taking
income taken from an employee's salary and submitting it to another person or
organization
Embezzlement -CORRECT ANSWER theft of valuables that have been entrusted to
another's care
Securities Fraud -CORRECT ANSWER the use of misleading sales tactics to persuade
investors to purchase securities
Espionage -CORRECT ANSWER revealing confidential information without the source
or owner's permission and is often associated with spying
Variety-seeking Buying Behavior -CORRECT ANSWER involves the purchase of
routine items
Brand-insistence Buying Behavior -CORRECT ANSWER buyer will not buy anything
other than a specific
brand or product
Automation -CORRECT ANSWER involves the use of machines to carry out production
tasks
Ergonomics -CORRECT ANSWER the study of the use of equipment or technology and
its effects on workers' physical well-being
Innovation -CORRECT ANSWER taking action to make the idea, item, or process
available for consumers to use
Business-format Franchise -CORRECT ANSWER involves a close,continuous, working
relationship between the franchisor and the franchisee
Customer Complaints -CORRECT ANSWER related to the business's policies and
procedures
Consumer Products -CORRECT ANSWER economic goods and services that are
purchased and used by the ultimate consumer
Capital Products -CORRECT ANSWER purchased by businesses for use in their
operations
Communist Command Economy -CORRECT ANSWER capital for business investment
is provided
Exam ||Latest Exam Update With
Verified Correct Answers
Franchise -CORRECT ANSWER a contractual agreement between a
parent company and a franchisee to distribute goods and services
Corporation -CORRECT ANSWER a form of business ownership that is owned by
stockholders who
have purchased units or shares of the company
Elastic Demand -CORRECT ANSWER demand that changes according to changes in
price
Inelastic Demand -CORRECT ANSWER demand that is not affected by changes in
price.
Unitary Demand -CORRECT ANSWER when sales remain the
same because changes in supply and demand are equal
Tort -CORRECT ANSWER a private wrongdoing that potentially harms another person
or entity
Doctrine of Sovereign Immunity -CORRECT ANSWER the universally accepted
principle that each nation has the right to manage its own government and develop
its own laws.
Job Enlargement -CORRECT ANSWER combining different tasks into one position
Job Rotation -CORRECT ANSWER moving from one job to another job within an
organization
Specialization by Trade -CORRECT ANSWER the type of work that a person performs
in order to earn a living, such as engineering, public-relations, or accounting.
Frictional Unemployment -CORRECT ANSWER occurs because there are always
workers who are in transition
Structural Unemployment -CORRECT ANSWER when the demand for certain types of
workers declines and is often due to technology advancements and the need for new
skills
, Cyclical Employment -CORRECT ANSWER result of changes in the economic and
business cycles
Wage Garnishments -CORRECT ANSWER court-ordered initiatives that involve taking
income taken from an employee's salary and submitting it to another person or
organization
Embezzlement -CORRECT ANSWER theft of valuables that have been entrusted to
another's care
Securities Fraud -CORRECT ANSWER the use of misleading sales tactics to persuade
investors to purchase securities
Espionage -CORRECT ANSWER revealing confidential information without the source
or owner's permission and is often associated with spying
Variety-seeking Buying Behavior -CORRECT ANSWER involves the purchase of
routine items
Brand-insistence Buying Behavior -CORRECT ANSWER buyer will not buy anything
other than a specific
brand or product
Automation -CORRECT ANSWER involves the use of machines to carry out production
tasks
Ergonomics -CORRECT ANSWER the study of the use of equipment or technology and
its effects on workers' physical well-being
Innovation -CORRECT ANSWER taking action to make the idea, item, or process
available for consumers to use
Business-format Franchise -CORRECT ANSWER involves a close,continuous, working
relationship between the franchisor and the franchisee
Customer Complaints -CORRECT ANSWER related to the business's policies and
procedures
Consumer Products -CORRECT ANSWER economic goods and services that are
purchased and used by the ultimate consumer
Capital Products -CORRECT ANSWER purchased by businesses for use in their
operations
Communist Command Economy -CORRECT ANSWER capital for business investment
is provided
