Deca

What is a business's debt ratio if it has $360,000 in total debt and $800,000 in total assets?

45%

Which of the following financial analysis methods is used to show the relationship of each component to the total within a single financial statement:

Vertical analysis

Which of the following is a question that a business might ask when it wants to evaluate its weaknesses:

What resources do we lack?

The ABC Corporation identifies all the risks that threaten the company. Then, it decides which risks it wants to focus on and shares this information with its stakeholders. The company is practicing

enterprise risk management.

Business process design contributes to the standardization of work tasks by

establishing best practices and communicating them throughout the organization.

TRISM Co. sets an organizational goal to gain 100 new clients. To do so, each sales rep must contact five prospects per week. This is an example of

establishing performance standards

Ranking your company in relationship with your competitors helps you determine

how your company is unique.

The legal structure that a business owner chooses affects

taxation rates and government regulation.

When making decisions about digital asset security, companies should prioritize their assets based on

their specific industry or sector.

A business's market structure in an industry can be described as a

way for suppliers and demanders to interact.

Due to lackluster sales, the Elba Corporation has decided to eliminate several of its product lines. Elba's executives hope that by focusing on fewer product lines, they will see more profit. The Elba Corporation is planning to adjust the _________ of its product mix.

width

Which of the following is an example of how a business or industry has a unique relationship with its environment:

Demand for skilled nursing care rises as the population ages.

If a high-achievement-oriented person is evaluating their success against the competition, how would they measure whether they were successful or not?

Evaluate whether they outperformed other individuals

Which component of the business plan requires considerable time and external research?

Market Analysis

An important aspect of continuous quality improvement within an entire business organization requires management to

Solicit input from employees

When Kaitlin walked into her local discount store, she wasn't sure exactly what she was going to buy; all she knew was that she needed shampoo. When Kaitlin noticed a sign advertising a new, chemical-free shampoo and conditioner set, she decided to try the brand and grabbed two sets. Kaitlin was influenced by a

point-of-sale promotion.

What information about customers do brokerage companies need to obtain to develop an accurate client profile?

product knowledge

One of the most common ways for a business to obtain working capital is to apply for a __________ loan.

short-term

Which of the following is essential to all marketing research:

Accuracy

Which of the following is a legal reason for dismissing an employee:

Changed job requirement

A business that produces products for which there is a steady, predictable demand for large quantities is most likely to use which of the following production processes:

Continuous

In which situation would a business pay a lower insurance premium:

Increases the deductible from $500 to $1,000

Which of the following is an activity that must take place within a channel of distribution:

Promoting products

Spotless Sparkle Window Cleaners recently lost customers because someone wrote a fake, negative review about its service and posted the review online. This is an example of a

business tort.

Which of the following is a first step in lessening employee resistance to a major change in a business structure:

communication

Before a business owner decides to hire a new salesperson, they must first

consider the demand for the business's product.

A business borrowing startup money from a commercial bank is an example of

debt financing

A local business raises money to help people in the community who were affected by a tornado. This is an example of which of the following positive actions that businesses should take:

demonstrating corporate responsibility

One reason why a business might terminate an employee for cause is if the employee

jeopardizes coworkers

Sam has worked for the same employer for 15 years. During that time, Sam has learned a great deal and developed expertise that enables him to make a significant positive impact on business operations and outcomes. Sam's expertise is a form of

knowledge

Which of the following has increased due to the trend toward reducing the length of TV ads:

media clutter