Complete DECA Question of the Day (in your composition book)
Update your Word Wall List (a Word Document that you update each day)
Be prepared to discuss the answers to both
When we have 20-25 vocabulary words, you will have a test on them.
1. DECA Question of the Day: In your composition book,
using the Cornell Notes layout, write the DECA question of the day on the right side of your page (input area). In the left area write the letter only for your answer. When we discuss
the question you will write out the correct answer.
2/17 Which of the following is a characteristic of private enterprise that enables consumers to buy quality products at fair prices:
a. Profit motive b. Unlimited resources c. Inflation d. Competition
2/16 Monies received by businesses from the sale of goods and services are called
a. interest b. dividends c. income. d. profits.
2/15 Which of the following is an uninsurable risk:
a. Damage to business facilities b. Public liability c. Changes in customer buying habits d. Personal injury
2/14 When manufacturers give back part of the purchase price of an item to the customer, the manufacturers are engaged in
a. offering rebates. b. non-price competition c. clearance sales. d. price fixing.
2/13 Which of the following is a positive effect of government regulation:
a. Increased inflation b. Price controls c. Unfair competition d. Legal protection.
2/9 A DECA chapter purchased seven-dozen donuts to sell at school on Tuesday. Six-dozen donuts were sold. What do the six-dozen donuts represent?
a. Surplus b. Supply c. Demand d. Capital
2/8 A manufacturer is a type of business that
a. sells raw goods for their producers. b. turns raw goods into useful products.
c. does not make use of raw goods. d. keeps raw goods in their original forms.
2/7 A group of individuals wants to open a museum. The group will charge just enough admission to pay the expenses of operating the museum. Will the museum be a business?
a.No, the museum will not be considered a business. b. No, the museum will be a charitable institution.
c. Yes, the museum will be a not-for-profit business.
d. Yes, the museum will be a for-profit business.
2/6 Which of the following is a characteristic of private enterprise that enables consumers to buy quality products at fair prices:
a. Profit motive b. Unlimited resources c. Inflation d. Competition
1/30 Desires that can be satisfied without spending money are known as
a. consumer goods b. tangible objects c. non-economic wants d. economic wants
1/29 One of the factors that limits the production of capital goods is the
a. availability of labor b. method of transportation. c. season of the year. d. type of research.
1/28 Which of the following situations represents a non-economic activity:
a.Working at a restaurant b. Buying gasoline for a lawn mower
c. Trading in a car d. Thinking of things to do
1/27 Making Christmas fruitcakes available in advance of the holiday season creates ______ utility.
a. time b. place c. form d. possession
1/26 Which of the following is often the best way for an employee to handle the slow/methodical type of difficult customer:
a. Be brief. b. Ask their advice c. Summarize benefits d. Let the customer do the talking
1/25 Which of the following are the three major areas of customer complaints:
a. Labeling, faulty design, and mispricing b. Improper decisions, oversight, and service
c. Product, personnel and the business d. Poor service, inaccurate forms, and rudeness
1/24 One way a company can reinforce its image is by
a. identifying economic resources. b. developing a financial plan.
c. conducting a competitive analysis
2. Word Wall Words: Our words are divided into
three categories: Juicy Words, Homophones (usually two words)
and Computer Terms. You will have a test when we have 20-25
words completed. Word lists will be printed and turned in for credit.
