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Deca Entrepreneurship Exam well answered already passed
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Deca Entrepreneurship Exam well answered already passed
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Deca Entrepreneurship Exam wellanswered already passed
Sovereign Community - correct answer ✔✔A 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 - correct answer ✔✔the right of a government or its agent to take away private
property for public use, with payment of compensation.
Absolute privilege - correct answer ✔✔An absolute defense to an otherwise defamatory statement
because of the venue or context in which the statement was made.
Social Responsibility - correct answer ✔✔An organization or individual has an obligation to act for the
benefit of society at large.
Infringement - correct answer ✔✔The action of breaking the terms of a law, agreement, etc.
Defamation - correct answer ✔✔A statement that injures a third party's reputation.
National Labor Relations Act - correct answer ✔✔to protect the rights of employees and employers, to
encourage collective bargaining, and to lessen certain private sector labor and management practices
Vocational Rehabilitation Act - correct answer ✔✔Was put in place to correct the problem of
discrimination against people with disabilities in the United States.
Fair Labour Standards Act - correct answer ✔✔A 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 - correct answer ✔✔A civil rights law that prohibits discrimination based
on disability.
Does not allow employers to ask employees about potential medical history.
Consolidation - correct answer ✔✔joining of two or more companies to form a new company
General Partnership - correct answer ✔✔designed to combine capital, experience,
and the abilities of two or more people
Limited Partnership - correct answer ✔✔permits a partner to invest in a business but have limited
liability and responsibility
Open Corporation - correct answer ✔✔sells millions of shares of stock to many
stockholders
Intermediaries - correct answer ✔✔Put buyers and sellers together without taking ownership of the
product, service or property. They act as go-betweens.
Wholesalers - correct answer ✔✔an intermediary who helps to move goods between producers and
retailers by buying goods from producers and selling them to retailers
Industrial user - correct answer ✔✔A business that buys materials, services, or goods which it will use to
make other goods
indirect agent - correct answer ✔✔intermediaries who assist in the sale and/or promotion of goods and
services but do not take title to them
acquisition - correct answer ✔✔Taking ownership of another business. Frequently used in conjunction
with the word merger, as in mergers and acquisitions or M&As.
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