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Deca Entrepreneurship Exam Questions & Answers 2024/2025
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Deca Entrepreneurship Exam Questions & Answers 2024/2025 Sovereign Community - ANSWERSA legal concept stating that the courts in a country represent the country's laws, and their decisions cannot be reversed by the decision of courts in other countries. Legal concept that affects foreign co...

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  • October 10, 2024
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  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • deca entrepreneurship exam questions answers 202

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  • Deca Entrepreneurship
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Deca Entrepreneurship Exam Questions
& Answers 2024/2025

Sovereign Community - ANSWERSA legal concept stating that the courts in a country represent the
country's laws, and their decisions cannot be reversed by the decision of courts in other countries.



Legal concept that affects foreign countries



Eminent Domain - ANSWERSthe right of a government or its agent to take away private property for
public use, with payment of compensation.



Absolute privilege - ANSWERSAn absolute defense to an otherwise defamatory statement because of the
venue or context in which the statement was made.



Social Responsibility - ANSWERSAn organization or individual has an obligation to act for the benefit of
society at large.



Infringement - ANSWERSThe action of breaking the terms of a law, agreement, etc.



Defamation - ANSWERSA statement that injures a third party's reputation.



National Labor Relations Act - ANSWERSto protect the rights of employees and employers, to encourage
collective bargaining, and to lessen certain private sector labor and management practices



Vocational Rehabilitation Act - ANSWERSWas put in place to correct the problem of discrimination
against people with disabilities in the United States.



Fair Labour Standards Act - ANSWERSA law that creates the right to a minimum wage, and "time-and-a-
half" overtime pay when people work over forty hours a week.

, Americans with Disabilities Act - ANSWERSA civil rights law that prohibits discrimination based on
disability.



Does not allow employers to ask employees about potential medical history.



Consolidation - ANSWERSjoining of two or more companies to form a new company



General Partnership - ANSWERSdesigned to combine capital, experience,

and the abilities of two or more people



Limited Partnership - ANSWERSpermits a partner to invest in a business but have limited

liability and responsibility



Open Corporation - ANSWERSsells millions of shares of stock to many

stockholders



Intermediaries - ANSWERSPut buyers and sellers together without taking ownership of the product,
service or property. They act as go-betweens.



Wholesalers - ANSWERSan intermediary who helps to move goods between producers and retailers by
buying goods from producers and selling them to retailers



Industrial user - ANSWERSA business that buys materials, services, or goods which it will use to make
other goods



indirect agent - ANSWERSintermediaries who assist in the sale and/or promotion of goods and services
but do not take title to them



acquisition - ANSWERSTaking ownership of another business. Frequently used in conjunction with the
word merger, as in mergers and acquisitions or M&As.

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