DECA Testing Flashcards
Pump and Dump
Buying small stock, hyping stock up, selling high
Pyramid scheme
Fees from bottom used to pay top
Affinity fraud
Claiming to be part of a group to sell stocks
Tax deduction
When no tax is paid on income tax under certain circumstances
What are the types of communication in a formal cummincation network?
Downward, upward, lateral
What is purchasing power?
Ability to purchase items?
As inflation increases, what happens to purchasing power?
It decreases
What is a high-context culture?
One that relies on nonverbal communcation to display message
What is tact
Ability to do or say the right thing in any circumstance
What is the job of coachees?
To take personal responsibility for making changes
Dividend
Sum of money corporations pay to stockholder as earnings on investment
Difference between liquid assets and illiquidable assets?
Liquid can be converted to cash
How to find a stock’s current yield?
Use last year’s dividend as part of stock’s current price
What does the steward function of a financial information manager do?
Prevent tampering
What is data mining?
Searching databases to find patterns
