Deca Quiz

Question 0

Quantex is organized as a partnership with eight equal partners. The partners would like to expand their business but limit the amount of money they could personally lose if the business were to fail. What form of ownership should quantex consider?

Answer 0

Corporation

Question 1

What type of property is a business protecting when it registers it’s trademark?

Answer 1

Intellectual.

Question 2

Which if the following is NOT a condition that must exist for channels to be effective?

Answer 2

They must have at least five members.

Question 3

Technology has helped improve distribution process by utilizing __________ among channel members.

Answer 3

Audiovisual programming

Question 4

What is a technique that often helps business people to write effective business letters?

Answer 4

Preparing outlines

Question 5

Businesses that interpret their policies to customers in an effective manner are better able to…

Answer 5

Build a clientele

Question 6

What is the best way to handle dishonest customers?

Answer 6

Never press for sales or decisions.

Question 7

Contact lenses purchased by a consumer are an example of a ________ good.

Answer 7

Consumer.

Question 8

Give an example of a inelastic demand?

Answer 8

Bread

Question 9

John, a farmer, learned prior to the planting season that the price of wheat had increased relative to the amount to the price of corn. To gain the best profit, john should plant……

Answer 9

More wheat than corn.

Question 10

How is operations management demonstrated?

Answer 10

Producing goods and services.

Question 11

A store manager decides that employees’ job duties will be broken down in the following manner-salespeople, cashiers, display workers, and stock people-each with specific duties. What is this an example of specialization by…

Answer 11

Task.

Question 12

Visualizing yourself as you would like to be is a technique that…….

Answer 12

Takes time & practice

Question 13

What technique helps to build trust in negotiations?

Answer 13

Show respect by actively listening.

Question 14

One of the most important ingredients for improving your human relations skill is

Answer 14

Determination.

Question 15

One of the most important ingredients for improving your human relations skill is….

Answer 15

Determination.

Question 16

Of the following investments, which can bring roller-coaster ups & down

Answer 16

Stocks

Question 17

Businesses often gather the information they need quickly by

Answer 17

Using a data-processing system

Question 18

A business’s balance sheet lists $4,150 in cash, $12,560 in accounts payable, $2,200 in taxes, $18,475 in machinery, and equipment, & $3,025 in interest payable. Calculate the business’s total liabilities.

Answer 18

$17,785

Question 19

What a business earns from the sale of good and services is

Answer 19

Revenue

Question 20

In business, budgets are prepared for a a specific time period, usually a………

Answer 20

Fiscal year.

Question 21

What is one way that a business might use marketing information?

Answer 21

To develop new products.

Question 22

Your company wants to find out why sales are declining at one of its three locations. As a marketing specialist; you think the reason may be that some customers have moved out of the area. To support your idea, a popular source of information you use is…….

Answer 22

Secondary days from company records.

Question 23

A major credit-card company has hired a marketing-research firm to conduct a survey regarding the use of consumer credit. Would it be considered ethical to use the database information collected in a direct marketing campaign?

Answer 23

No, because the businesses should not undertake any non-research activities involving data collected.

Question 24

A business that conducts research & funds that most of is customers visit the business four times a week has identified the…….

Answer 24

Mean.

Question 25

A written explanation of a proposed research product is an example of a

Answer 25

Learning tool

Question 26

Researchers assess the timeliness of marketing information to make sure that the information is……

Answer 26

Reliable.

Question 27

If a business lowers the price of a product for the purpose of taking business away from competitors, the result of this action often is a……

Answer 27

Gain in market share

Question 28

The owner of a real estate firm wants to increase housing sales next year by 15% over the current year. What element of marketing would be involved in attaining this goal?

Answer 28

Price.

Question 29

Businesses often use spreadsheet software programs to analyze their….

Answer 29

Operating expenses.

Question 30

What conducting an environmental scan, which of the following is an economic factor that a business should consider:

Answer 30

Consumer spending habits

Question 31

If a business considers possible future problems during the process of developing a project plan, the business might be able to:

Answer 31

Control costs.

Question 32

Why is it important for management to evaluate project results?

Answer 32

To identify & solve problems.

Question 33

Purchasing can help manufacturing businesses to sharpen their competitive edge by:

Answer 33

Keeping their prices down.

Question 34

What is an example of production?

Answer 34

Providing home security.

Question 35

What do coworkers who are involved in a dispute need to do before they can find a possible solution?

Answer 35

Identify the problem

Question 36

Which of the following skills with most likely help a person to obtain a better job in the field of marketing & advertising:

Answer 36

Good interpersonal skills

Question 37

A business that sells inexpensive goods probably would use which of the following promotional media:

Answer 37

Radio

Question 38

Computers have given marketers the ability to calculate pricing functions such as break-even points and elasticity of demand by using _______ programs.

Answer 38

Spreadsheet.

Question 39

Corporate brands are built on all the associations and experiences

Answer 39

Consumers have toward a business or product.

Question 40

What is the type of copy used in the following print ad: clearance sale-over 50% off! Come on in and shop today at mr. B’s warehouse. Where the whole family can enjoy brand names for less.

Answer 40

Action

Question 41

One reason why it is important for businesses to use public-relations activities to reach external audiences is to…….

Answer 41

Pass on positive information.