DECA Terms

Question 1

Business Law

Answer 1

The legal framework governing business operations, including contracts, employment laws, intellectual property, and corporate governance.

Question 2

Communications

Answer 2

The process of exchanging information effectively through various methods, such as verbal, written, or digital means, to achieve understanding and build relationships.

Question 3

Customer Relations

Answer 3

The strategies and practices used to manage interactions with customers, ensuring satisfaction and loyalty.

Question 4

Economics

Answer 4

The study of how individuals, businesses, and governments allocate resources and make decisions regarding production, distribution, and consumption.

Question 5

Emotional Intelligence

Answer 5

The ability to recognize, understand, and manage one’s emotions while also empathizing and interacting effectively with others.

Question 6

Entrepreneurship

Answer 6

The process of identifying, developing, and bringing a new business idea or venture to life, often involving innovation and risk-taking.

Question 7

Financial Analysis

Answer 7

The examination of financial data to assess a business’s performance, stability, and profitability for decision-making purposes.

Question 8

Human Resources Management

Answer 8

The management of employee recruitment, development, retention, and compliance with labor laws to ensure organizational success.

Question 9

Information Management

Answer 9

The collection, storage, organization, and dissemination of information to improve business operations and decision-making.

Question 10

Knowledge Management

Answer 10

The process of capturing, sharing, and effectively using organizational knowledge to enhance innovation and efficiency.

Question 11

Marketing

Answer 11

The activities involved in promoting, selling, and distributing a product or service to meet consumer needs and preferences.

Question 12

Operations

Answer 12

The management of processes that transform inputs (resources) into outputs (goods or services) efficiently.

Question 13

Professional Development

Answer 13

The continuous process of acquiring new skills, knowledge, and experiences to advance one’s career and personal growth.

Question 14

Project Management

Answer 14

The planning, execution, and monitoring of projects to achieve specific goals within a set timeline and budget.

Question 15

Quality Management

Answer 15

The practice of ensuring that a business’s products, services, or processes meet consistent standards and satisfy customer expectations.

Question 16

Risk Management

Answer 16

The identification, assessment, and mitigation of potential risks that could negatively impact an organization or project.

Question 17

Strategic Management

Answer 17

The formulation and implementation of major goals and initiatives by analyzing competitive environments and internal capabilities to achieve long-term objectives.

Question 18

Supply Chain Management

Answer 18

The coordination of a business’ entire production flow, from sourcing raw materials to delivering a finished item.
Planning → sourcing → manufacturing → delivering → returning