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Deca Quiz Bowl Review, Volume 4 > Deca quiz bowl > Flashcards

Deca quiz bowl Flashcards

1
Q

Paying salespeople a commision based on the volume of sales is a type of __________plan

A

Compensation

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2
Q

What is the document that describes a company, how it will operate, how it will be organized, and how it will market its products?

A

Business Plan

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3
Q

When a business negotiates a loan or a line of credit, it is obtaining financing from a ________

A

Bank

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4
Q

What loan criteria require the pledging something of value to the lender to guarantee that the loan will be repaid?

A

Collateral

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5
Q

Business owner who trade with foreign countries must understand each country’s monetary _________ _______

A

Exchange Rates

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6
Q

The review of a business’s strengths, weaknesses, opportunities, and threats is known as a (n)_________ analysis

A

SWOT

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7
Q

Business owners who set their prices accoring to what they think customers are willing to pay are using ________ ________ pricing

A

Demand Based

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8
Q

What is the point at which the selling price of a products equals the total cost of the product?

A

Break-even

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9
Q

Setting very high prices on new products to quickly recover the cost of development is an example of a ____________ strategy

A

skimming

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10
Q

Business owners with limited technical resources often obtain support by ___________ technical services.

A

outsourcing

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11
Q

To retain good employees, business owners should develop personnel policies that are _________

A

fair

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12
Q

Storage facilities that are owned by a producer or retailer are called ____________ _____________

A

Private warehouses

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13
Q

A product that is sold below cost is a _______ ____________

A

loss leader

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14
Q

Selling tickets to a concert for different prices based on where the seats are located is an example of __________ pricing

A

Segmented

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15
Q

What is the magazine advertising production option that prints to the edge of the page and often involves an additional charge?

A

Bleed

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16
Q

What type of storage facility requires the payment of taxes before products can be removed from the premises?

A

Bonded warehouse

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17
Q

What is the fairly short, factual announcement that business send to the media to obtain publicity?

A

New release

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18
Q

An airline offering customers a free trip after they have flown a certain number of miles is an example of a ___________ marketing program

A

frequency

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19
Q

At a specific event, a business gives ways free calendars that are printed with a business’s name This is an example of a (n) _______ ______________

A

Specialty Promotion

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20
Q

The amount of money that a business plans to spend on promoting its goods and services during a certain period of time is known as a promotional ____________

A

budget

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21
Q

An independant service business that specializes in preparing advertising and other types of promotion and providing related services is a (n) _____________ ____________

A

advertising agency

22
Q

A series of advertisements planned around a central theme is an advertising _______

A

campaign

23
Q

The estimation of sales within a specific time period is called a sales _________

A

forecast

24
Q

A pictorial representation of the relationships between a business’s departments that shows how a business is structured is a (n) __________

A

Organizational Chart

25
Q

A system for regularly checking business equipment and making routine repairs is a ___________ program

A

maintenance

26
Q

What style of resume matches a job applicant’s capabilities to the job tasks?

A

Functional

27
Q

In what part of a cover letter should you ask for an interview?

A

Closing/Conclusion

28
Q

What should you write on a job application if a question does not apply to you?

A

NA

29
Q

To determine how well you respond to authority and what motivates you, employers administer _____________ tests

A

personality

30
Q

A job interview that is based on pre-planned questions that elicit factual information about a job applicant is known as a (n)____________ interview

A

structured

31
Q

Name the type of goals that address personal health and well being issues

A

Physical

32
Q

What is the first step in achieving personal goals?

A

Choose the goal

33
Q

Obstacles that block or hinder effective communication are often called __________

A

barriers (noise)

34
Q

A reciever who hears only certain parts of the sender’s message is engaging in __________ _____________

A

selective listening

35
Q

What type writting correspondence is sent to newspaper publications and reflects the opinions of the message sender?

A

Letter to the editor

36
Q

Name the distribution strategy in which a business stocks goods in as many outlets as possible.

A

Intensive

37
Q

A snack manufacturer pays a grocery store a premium to place a new product on its shelves. This is an example of a (n) ______________ ______________

A

slotting allowance

38
Q

Name the type of written agreement that requires a company to purchase additional products to obtain the desired good.

A

Tying contract

39
Q

Businesses that prices goods too high might find that their products are being sold at substantial lower prices in a (n) __________ _________

A

gray market

40
Q

A tax on imposed goods is often called a (n) _____________

A

tariff (duty)

41
Q

A questionnaire that is sent to employees to measure their feelings and allow them to express their opinions about the company is called a (n) _________ ______

A

attitude survey

42
Q

Programs designed to motivate employees often lead to increased morale and ___________

A

productivity

43
Q

To keep staff meetings focused and productive, a supervisor should make sure that s/he is __________

A

organized

44
Q

For optimal employee productivity and task completion, supervisors must provide clear ___________

A

directions

45
Q

A business that is developing objectives for one of its strategic units is developing _________-

A

goals

46
Q

To evaluate the strengths and weaknesses of marketing activities, business owners often conduct a (n) ____________ ______

A

Marketing audit

47
Q

When a vendor fails to deliver product in a timely manner, a business owner might decide to _____________ suppliers.

A

change (switch)

48
Q

The procedures that businesses follow to keep employees free from danger, risk, or injury on the job are known as __________ procedures

A

safety

49
Q

What do supervisors need to give workers when they delegate responsibility for performing job tasks to them?

A

authority

50
Q

The official colors that represent DECA chapters are ________ and ________

A

Blue and gold

Deca Quiz Bowl Review, Volume 4 (1 decks)

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