Exam (elaborations)
DECA-Finance Cluster Exam correctly answered to pass
- Course
- Institution
DECA-Finance Cluster Exam correctly answered to pass
[Show more]
Content preview
DECA-Finance Cluster Exam correctlyanswered to pass
1. Which of the following is a type of intangible business property that is protected by law:
A. Equipment
B. Inventory
C. Acreage
D. Trademark - correct answer ✔✔D
2. When filing a tort against a business, the plaintiff must establish that the defendant
A. damaged property intentionally.
B. breached the duty of care.
C. conspired with a competitor.
D. violated the doctrine of sovereign immunity. - correct answer ✔✔B
3. Which of the following is an example of a voluntary debtor-creditor relationship:
A. Requiring specific information
B. Receiving a monetary gift
C. Obtaining a loan from a bank
D. Owing punitive damages - correct answer ✔✔C
4. Chris purchased 500 shares of microcap HRR stock. Then, he posted false information about HRR on
several investment websites to hype up the stock. After driving up the price of HRR stock, Chris quickly
sold all of his stock in the company and earned a large profit. The price of the stock then fell, leaving HRR
investors with worthless stock. What type of investment scam did Chris commit?
,A. Phishing
B. Pyramid scheme
C. Ponzi scheme
D. Pump and dump - correct answer ✔✔D
5. Which of the following statements best describes the taxation of Roth IRAs:
A. Contributions and withdrawals during retirement are both taxed.
B. Contributions are tax deductible, but withdrawals during retirement are taxed.
C. Contributions are taxed, but withdrawals during retirement are not.
D. Contributions and withdrawals during retirement are tax deductible. - correct answer ✔✔C
6. Compliance in the finance industry involves financial institutions operating within
A. specific territories.
B. regulatory guidelines.
C. organizational plans.
D. different relationships. - correct answer ✔✔B
7. In general, a governance, risk, and compliance (GRC) software system identifies and measures risk;
monitors the risk-management system; routinely checks adherence to company-wide policies; and
ensures compliance with
A. reporting requirements.
B. union demands.
C. product standards.
D. contingency plans. - correct answer ✔✔A
,8. While conducting a staff meeting, the speaker noticed that Colin was texting on his smartphone.
Colin's nonverbal behavior indicates that he was
A. distracted.
B. annoyed.
C. listening to the speaker.
D. interested in the topic. - correct answer ✔✔A
9. Before DiAnn presents her new idea to her boss, she searches the Internet and jots down two
statistics that reinforce the idea. This is an example of
A. obtaining primary information.
B. supporting ideas with evidence.
C. giving alternative ideas.
D. clarifying a new idea. - correct answer ✔✔B
10. At work, Bob is assigned to be on a team of five people that will create a new product. Which action
can Bob take to participate in the team in a useful way?
A. Keep the group on track by stopping others from offering unusual ideas
B. Encourage the team to avoid setting ground rules
C. Find out what other people in the group know about the product
D. Walk around the room during discussions to keep energy in the group - correct answer ✔✔C
11. Alma is preparing a presentation about her department's budget to make to the company president.
She wants to use a visual representation of the budget that shows parts in relation to the whole. Alma
should consider using a
A. table.
B. pie chart.
, C. line graph.
D. bar graph. - correct answer ✔✔B
12. What type of letter should a business include when sending copies of a contract to a vendor?
A. Request
B. Acknowledgment
C. Claim
D. Transmittal - correct answer ✔✔D
13. Identify the type of appeal used in the following persuasive message: "This new book is written by Dr.
Juliet Browne, who holds a doctorate from the Harvard School of Medicine and is the Chair of the World
Health Organization."
A. Emotions
B. Reason
C. Credibility
D. Shock value - correct answer ✔✔C
14. What is a type of informal communication that coworkers often use to communicate with each
other?
A. Network
B. Feedback
C. Grapevine
D. Structured - correct answer ✔✔C
15. What is one of the benefits to a business of reinforcing service orientation through communication?
A. Rewards customers for their support
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller BravelRadon. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $19.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67866 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now