Deca Terms Flashcards

1
Q

Right to work law
Electronic Signatures in global ans national Commerce

A

The Right to work without joining a Union

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2
Q

High Context Culture
Low context Culture
Doctrine of sovereign immunity

A

Relying on nonverbal Communication
Relying on verbal Communication
Each Nation Develops it’s own laws

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3
Q

Forms of Financial exchange

A

Cash, Credit and debt

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4
Q

Law of diminishing returns

A

If all Factors of Production stay constant except one, additions to the variable will eventually decrease Productivity

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5
Q

Duty of Care
Collusion

A

Duty to be CareFul to prevent harm
Conspiring with a competitor

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6
Q

Transmittal letter
Acknowledgement letter
Collection letter
Letter of inquiry

A

Á letter accompanying Business papers sent by Mail that Report on their contents
A letter acknowledging documents’ reciept
A letter buisnesses send to people who dont pay to convince them to pay
Requests to meet potential customers to discuss business opportunities

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7
Q

Grapevine
Interoffice mémo

A

Informal Communication between employees
Interdépartemental communication as written messages

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8
Q

Prompt payment act

A

A law that requires the Government to pay contractors and vendors timely

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9
Q

Beokerages

A

Financial intermediares that sell Securities

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10
Q

Things that affect stock markets the most

A

Inflation, GDP and unemployment

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11
Q

Electronic data interchange
Electronic funds transfer
Systematic laddering
Data warehousing

A

Electronic intercompany Exchange of Business Documents
Electronic interaccount Transfer of Money
Reasearching consumer motives
Management of large volumes of data from various sources

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12
Q

Forensic accountant

A

An accountant who investigates financial crimes

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13
Q

Personal consumption expenditures
Gross private investment

A

The part of GDP that is the final market value of products bought by anything that isn’t a buisness or the government
Businesses’ spending

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