DECA

25. A nation's currency exchange rate is likely to increase when

B. consumer confidence is high.

Research and development speed up production by

B. simplifying existing products.

In a market economic system, who owns most of the means of production of goods and services?

C. Businesses and individuals

John recently expanded his business into another country to reach more of his target market. He was initially thrilled with his company's profits following the expansion—until he converted the money back to his domestic currency. At that point, he realized that the company made much less than he originally thought. What risk involved with international business did John experience?

C. Foreign exchange rate fluctuations

Matthew and Miranda are equal partners in a small consulting firm. They have allocated eight percent of last year's profits to make business improvements. Matthew wants to purchase a new copy machine, while Miranda would rather paint the building and make it look more inviting to their clients. What is the reason for Matthew and Miranda's conflict?

C. Limited resources

Businesses should view negotiation as a way to

C. build strong relationships.

22. According to the Keynesian theory of unemployment, the best solution for unemployment is to

C. increase demand.

A basic principle of procedural due process involves __________ before taking action.

C. providing notice

A manufacturer that has 65% of the market share is pressuring its wholesalers to sign an agreement stating that they will not sell competing products. In this situation, the agreement is illegal because it

C. violates antitrust laws.

When a manufacturer asks a business to collect information from customers concerning how to improve a product, which type of utility is most likely to be affected?

D. Form

Which of the following coaching characteristics means that you are willing to admit your mistakes:

D. Humility

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

D. Memorandum

A grocery store keeps track of customers' purchases through their loyalty cards. This is an example of

D. big data.

24. Levels of inflation and unemployment are factors that affect __________ in the world market.

D. competition

Providing marketing information is an important channel activity. Businesses rely on marketing information to determine

A. their target markets' needs and wants.

When businesses need to formalize the information provided to employees, customers, or other businesses, they often use __________ communication.

A. written