DECA Test #1055 Corrections

69. This year a business spends $423,500 in salaries, $88,000 in rent, $15,250 to maintain a web site, and gives employees $60,000 in bonuses. What are the fixed costs?

$526,750

95. Which of the following is an example of coordinating promotional activities:

A business advertises a product and mails free samples to consumers

5. Company A requires Company B to carry certain products in order to obtain the product that Company B really wants. This is an example of an illegal activity called

A tying agreement

26. Statements about a present or desired strength are called

Affirmations

50. The process of coding is part of which step of the marketing research process?

Analysis

11. When writing a business report, Thomas might check his writing and style manual to determine the

Appropriate way to cite his resources

48. The purpose of semantic-differential rating scales is to measure

Attitude

84. A reason to legally research possible brand names is to

Avoid selecting a name already in use by another business

1. The ZRB Company promises to ship LST Inc. 200 units of product by a certain date, and LST Inc. promises to pay ZRB $25,000 for the product within 14 days of receipt. This is an example of a(n)

Bilateral contract

64. Which of the following is an example of an emergency situation that business employees should know how to handle and report:

Bomb threat

8. Employees are more likely to be able to correctly follow directions if those directions are explained in

Chronological order

36. What do many individuals establish when planning for future financial needs?

College fund

90. Which of the following limits the usefulness of the Internet as an advertising tool:

E-mail filter

28. Terry's supervisor showed him some steps he could take in order to process customers' orders faster. The supervisor's suggestions are an example

Feedback

40. Which of the following identifies the need for capital and helps to reduce business risk:

Financial plan

98. Government selling regulations are often established to lower the occurrence of business

Fraud

81. Grades and standards are normally developed by which of the following groups:

Government agencies, trade associations, and businesses

41. Which of the following is not a capital investment decision:

How to manage cash flow

19. As prices increase, the quantity supplied will generally

Increase

35. Legal ownership of purchases does not pass to the purchaser until all payments have been made if the purchaser uses __________ credit.

Installment

24. What category of GDP would include the money Kathy's family pays to the state university for her college tuition?

Personal consumption expenditures

78. In which of the following markets do businesses have very little control over pricing:

Pure competition

17. Which of the following types of customer relationship management software would be most appropriate for a company that is looking for a more efficient way to track leads, prospects, and customers:

Sales force automation technology

91. Sweepstakes and contests are examples of communications channels often used in

Sales promotions

52. When evaluating the wording of a survey, the editor should make sure that each question contains

Simple words without jargon

65. What do you need to identify if there are complicated jobs that members of the group are unable to perform?

Support services

23. A basic economic principle behind our private enterprise system is

The freedom to copete

10. Which of the following is not one of the three purposes of oral presentations?

To prepare

86. Positioning a corporate brand involves communicating the brand's ___________ to the target markets.

Value

92. One reason why it is important to coordinate the headline and illustrations in an advertisement is to make the reader

Want to read the message