DECA Finance Cluster Exam Practice Info

Which of the following is an example of verbal acknowledgment response a listener can use to show a speaker that they are listening

"I understand"

What is considered a presale touchpoint

Advertising

Which of the following is a sign of high achievement orientation

An entrepreneurial spirit

Samantha has been chosen by her boss to participate in a group discussion on a topic she knows very little about. Her lack of knowledge on the subject makes her feel like she has little to contribute to the group. What should she do to become a valuable participant

Ask questions to clarify other participants comments

Mr. Field makes all the important decisions and gives his employees very specific instructions. Which of the following describes Mr. Field's management style:

Authoritarian

Colin brought 35 shares of stock at $23.50 per share and recently sold all of the stock for $53.00 per share. What types of tax will Colin pay

Capital gains

If a financial planner fails to stay informed about new laws impacting the financial products they sell, what is an ethical principal they are failing to observe

Competence

The tendency to respond to situations based on how those situations are posed or viewed is known as

Framing

Which of the following is a type of simple written report that usually is distributed to employees within a business

Memorandum

One of the characteristics of effective verbal communication is

Precise speech

Which of the following is a benefit of using artificial intelligence in compliance

Reduces human error

What is a characteristic of a legally binding contract

Something of value must be exchanged

Martin was speeding, but he was only driving a couple of miles over the speed limit so he could keep up with traffic. Martin was most likely breaking ____ law but not ___ law.

The letter of the; the spirit of the

What is the primary purpose of date-cleaning processes

To maintain a useful customer databass

One way that organizations can achieve their corporate governance objectives is by

encouraging employee participation at board meetings

What is an advantage of setting ideal standards

provide a lofty goal for employees to strive for

One action that an ethical business can take to help build the long-term trust and loyalty of its customers is to

Implement a comprehensive customer privacy policy

Chris purchased 500 shares of microcap HRR stock. Then, he posted false information about HRR on several investment websites to hype up the stock. After driving up the price of HRR stoo=ck, Chirs quickly sold all of his stock in the company and carried a large profit. The price of the stock then fell, leaving HRR investors with worthless stock. What type of investment scam did Chris commit

Pump and dump