COL Finance Sample Exam - DECA
FINANCESAMPLE EXAM QUESTIONSThese test questions were developed by the MBA Research Center. Items have been randomly selected from the MBA Research Center’sTest-Item Bank and represent a variety of instructional areas. Performance indicators for these test questions are at the prerequisite,career-sustaining, and specialist levels. A descriptive test key, including question sources and answer rationale, has been provided.Copyright 2014 by MBA Research and Curriculum Center , Columbus, Ohio. Each individual test item contained herein is the exclusiveproperty of MBA Research Center. Items are licensed only for use as configured within this exam, in its entirety. Use of individual items forany purpose other than as specifically authorized in writing by MBA Research Center is prohibited.Posted online March 2014 by DECA Inc.
SAMPLE FINANCE EXAM1. What effect do some environmental laws have on businesses?A. Limit equipment purchasesC. Control exterior landscapesB. Require more employeesD. Increase operating costs2. Limited liability is a characteristic of what form of business ownership?A. Sole proprietorshipC. CorporationB. PartnershipD. Joint proprietorship3. An important purpose of full-disclosure laws and regulations is toA. provide information to investors so they can make informed decisions.B. allow company employees to use inside information for personal gain.C. require companies to disclose all information about their operations.D. prevent a stock's par value from dropping below its market value.4. Which of the following has the fiduciary responsibility to make decisions on behalf of a company'sshareholders:A. The municipal court systemC. The company's line staffB. The industry's professional organizationD. The corporation's board of directors5. Which of the following is an estate-tax deduction:A. Property passing directly to the surviving spouseB. Valuable art and collectibles left to childrenC. Charitable contributions that are unqualifiedD. Money left to friends or distant relatives6. Last year, Mr. McKinney gave a portion of his wages to a local charity and was not required to pay taxeson the amount of his donation. This is an example of a(n)A. investment disbursement.C. tax-deferred investment.B. estate allocation.D. tax deduction.7. Michelle is a small business owner who has outdated customer information in her computer files. Shehas wasted a lot of time and money sending mail to customers who have moved or have receivedmultiple copies of her mailings. What type of computer application should Michelle use to update hercustomer database?A. Tabulation analysisC. Data cleansingB. Electronic data interchangeD. Environmental scanning8. What are potential risks to a business that fails to follow government regulations?A. Bankruptcy, higher sales, and lower stock valuesB. Penalties, higher stock values, and lower credibilityC. Lower stock values, fines, and higher salesD. Fines, penalties, and bankruptcy9. Which of the following reasoning processes does a virtual auditor use to identify financial systemtransactions that are very similar to each other but are not exactly alike:A. Cross-source reasoningC. Temporal reasoningB. Contextual reasoningD. Comparative reasoning10. What type of technology do businesses use to inspect financial transactions and to ensure that they arein compliance with government regulations?A. Virtual auditorsC. Domain computingB. Cyber mappingD. Simulation browsers11. What type of information is often transmitted through upward communication?A. SuggestionsC. EvaluationsB. InstructionsD. Corrections1
SAMPLE FINANCE EXAM12. Businesses use technology to build positive customer relations byA. calling customers at home.C. placing pop-up advertisements on web sites.B. creating targeted marketing campaigns.D. sending unsolicited e-mails.13. A positive result of handling customer complaints properly is that it willA. increase returns.C. foster objections.B. promote goodwill.D. increase markdowns.14. What do finance professionals need to do to build long-term relationships with their clients?A. Follow-up with clients every two yearsC. Be honest, open, and trustworthyB. Invest all clients' money conservativelyD. Require clients to sign a short-term contract15. When providing product information to clients, finance professionals should useA. technical terms.C. financial acronyms.B. simple explanations.D. standard responses.16. Rather than studying individual customer data, First Bell Bank is interested in analyzing groups ofcustomers. Members of a group should be similar and markedly different from other customer groups.Which of the following Customer Relationship Management (CRM) activities should be used to prepareFirst Bell Bank's customer data for analysis:A. RegressionC. ClusteringB. EstimationD. Prediction17. When financial institutions follow government regulations pertaining to the industry, the institutions areA. being independent.C. in compliance.B. being ethical.D. in mediation.18. By deciding to buy or not to buy, consumers control what goods and services will be produced and atwhat price through theirA. capital investment.C. limited wants.B. gross income.D. economic votes.19. What does utility reveal about consumers?A. PreferencesB. IncomeC. BackgroundD. Influences20. The market price is the actual price that prevails in a marketA. at the beginning of each quarter.C. on the first of each month.B. at any particular moment.D. at the beginning of the fiscal year.21. Businesses that contribute money to local educational, cultural, and training programs are showing socialresponsibility to theirA. customers.C. communities.B. employees.D. stockholders.22. Which of the following demonstrates the interrelationship among primary business activities:A. A new product is introduced, so business advertisements must adjust in response.B. A business changes its goals, so its strategies and tactics change, too.C. One business activity changes, so the others must adjust in response.D. A business manager becomes vice president, so his/her department must adjust to the change.23. A higher standard of living is achieved in a country when productivityA. and population increase at a similar rate.C. increases at a rate faster than population.B. remains the same and population increases. D. decreases and population remains the same.2
SAMPLE FINANCE EXAM24. Which of the following personal traits would be affected by your physical health:A. Self-confidenceC. GenderB. Cultural backgroundD. Ethnic heritage25. One reason why ethics is often a consideration when providing information is because of the issue ofA. respect.C. safety.B. privacy.D. diversity.26. Why do many businesses develop programs and activities to help reduce employee stress?A. To exhibit empathyC. To eliminate conflictB. To encourage creativityD. To maintain productivity27. A credit plan that requires a signed contract, a down payment, and the balance to be paid over a specificperiod of time is called credit.A. revolvingC. openB. installmentD. regular28. The amount of interest you earn in a typical savings account is aboutA. 11 percent.C. one percent.B. 10 percent.D. 15 percent.29. If you are 17 right now, what is the best age to begin investing?A. 27C. 17B. 32D. 2530. How do finance companies commonly raise capital?A. Investing deposits from saversB. Investing funds from premium paymentsC. Issuing notes, bonds, and other obligationsD. Establishing mutual funds and investment banks31. Mortgages and government bonds are examples ofA. debt instruments.B. equity products.C. unrated investments.D. interest-free services.32. Debt markets buy and sell , and equity markets buy and sell .A. corporate stock, certificates of depositC. grain, goldB. government bonds, corporate stockD. gold, government bonds33. A primary factor that has led to the consolidation of financial firms is the desireA. for fewer products.C. to lower costs.B. for fewer assets.D. to lower risks.34. The Money for You Bank recently merged with the Keeping You Safe Insurance Company. The merger isan example of in the finance industry.A. consolidationC. tactical planningB. convergenceD. licensing35. Falling interest rates typically causeA. stock prices to increase.B. stock prices to decrease.C. a stock market to crash.D. no change in stock prices.3
SAMPLE FINANCE EXAM36. When an emerging market suffers an economic decline, foreign investors usuallyA. help the emerging market to recover economically.B. use the opportunity to invest more in the emerging market.C. quickly withdraw their money from the emerging market.D. pay less for each transaction in the emerging market.37. Which of the following has accelerated the globalization of financial markets:A. An expansion of protectionism practicesB. The reduction of government regulationsC. The movement toward fixed exchange ratesD. A decrease in foreign access to domestic markets38. April is a college student who wants to open a bank account for the first time. She has 500 cash todeposit in the account initially. The bank she chooses is not near her dorm, and it's difficult for her to getthere. She has a part-time job and receives a bi-weekly paycheck that will be directly deposited into heraccount. Which of the following types of accounts should she ask for at the bank:A. CheckingC. Money marketB. SavingsD. Certificate of deposit39. Which of the following is not a standard financial statement:A. Income statementC. Shareholder sheetB. Balance sheetD. Cash flow statement40. What does an income statement show about a company over a period of time?A. ProfitabilityC. EquityB. ReliabilityD. Liabilities41. The numbers listed in a stock table's 52-week high and low column tell youA. the best prices for the stock.B. if the stock price is overvalued.C. the range of prices for the year.D. the range of where the stock price should be.42. Which of the following is a true statement about ticker symbols:A. They uniquely identify a company.B. They tell you what kind of stock it is.C. They are made up of the first three letters of a company's name.D. They are only given to companies on the New York Stock Exchange.43. Which of the following is an example of a lending investment:A. StocksC. AntiquesB. HomesD. Bonds44. Bennett has just finished college and has moved into her own apartment that is located on a bus line.She'll be able to take the bus to her new job that she's scheduled to start in a month. In fact, she'll needto rely on bus transportation until she saves money to buy a car. What insurance coverage should shehave?A. Renter's insurance and temporary short-term health insuranceB. Health and life insuranceC. Renter's insurance and COBRAD. Auto insurance and temporary short-term health insurance45. A labor strike against a major employer is an example of a(n) risk.A. humanC. economicB. naturalD. internal4
SAMPLE FINANCE EXAM46. What type of financial records do businesses need to maintain in order to keep track of theirtransactions?A. Tax identificationC. Payroll informationB. Accounts receivableD. Operating procedure47. Which of the following is the basic calculation used to analyze an income statement:A. Assets minus liabilitiesC. Income minus expensesB. Revenue plus salesD. Sales plus operating costs48. Which of the following is a common financial-information management problem:A. Multiple financial data sources and systems within an organizationB. Overreliance on a master source and system for financial dataC. Strict organizational data governance policies and processesD. Insufficient financial information due to compliance regulations49. A primary responsibility of financial-information management is toA. report financial transactions.C. develop new products.B. negotiate contracts with vendors.D. implement sales policies.50. Which of the following is an example of a businessperson exhibiting unethical behavior in relation to abusiness's financial information:A. An unauthorized employee reviews a client's financial information.B. An auditor verifies the accuracy of a corporation's financial statements.C. A banker requests financial information from a business to process a loan.D. A manager examines the business's financial records to develop a budget.51. Which of the following is a technological tool that businesses use to archive their financial records:A. Electronic data interchangeC. Digital microfilm scannerB. Direct-response softwareD. Web-development programs52. Why has online technology's use increased in financial-information management?A. Recognition that the security of transactions is no longer an issueB. Removal of electronic information exchange proceduresC. Passage of laws that recognize electronic documents as legally bindingD. Protection of customers' right to privacy53. The primary reason that businesses use data mining techniques to obtain various types of financialinformation is toA. manage their working capital effectively.B. develop their financial goals.C. identify relationships and patterns among data.D. analyze the accuracy of their accounting records.54. Alyssa is starting a small business out of her home. When she accesses a business “how-to” web site,Alyssa finds software downloads and printable worksheets that will help her plan and manage herbusiness's income and expenses. The software and worksheets are types ofA. statistical information.C. budgeting tools.B. legal data.D. organizational charts.55. What is a benefit of managing budgeting data efficiently through budgeting applications?A. Decreases auditors' ability to trace the numbers used in budgetsB. Increases amount of time that needs to be spent on value-added activitiesC. Decreases the need for having an audit trailD. Increases management's confidence in budgets5
SAMPLE FINANCE EXAM56. Businesses often use computer-spreadsheet software for “what-if” financial planning by plugging indifferent numerical data into formulas, which provide possibleA. distribution methods.C. financial outcomes.B. production strategies.D. accounting standards.57. In which of the following situations would a firm use cost-analysis applications:A. To predict sales volume for a certain period of timeB. To determine the number of delinquent accountsC. To assess income changes over a certain period of timeD. To evaluate the amount of money associated with inventory storage58. To obtain specific financial information from a complex database, the user has to setA. queries.C. tabs.B. symbols.D. panels.59. Because the Keller Company is a public corporation, it must provide its shareholders with accuratefinancial information in a(n)A. accounting portfolio.C. complex memorandum.B. informal monthly contract.D. annual report.60. To ensure compliance with government regulations, an independent auditor is required to verify theaccuracy of a public corporation'sA. financial reports.C. diversification efforts.B. selling policies.D. accounting philosophies.61. Which of the following is a financial report that financial institutions often review to decide if they willapprove applicants' requests for business loans:A. Payment voucherC. Petty-cash summaryB. Corporation charterD. Cash-flow statement62. The accounting system used to report a business's financial position that is intended for internal users isthe accounting system.A. financialC. computerizedB. managementD. manual63. In relation to recording business transactions, a primary difference between the cost and accrualaccounting systems isA. complexity.C. frequency.B. scope.D. timing.64. Which of the following is essential to the identification of trends in financial data for a horizontal analysis:A. Data in a Statement of Cash FlowsB. Data from the most recent financial reportC. Data in financial reports from multiple time periodsD. Data from a zero-based budget65. By analyzing a customer's financial information, a finance professional should be able toA. protect the security of the customer's financial information.B. declare Chapter 11 bankruptcy for the customer.C. develop a financial strategy to help the customer.D. determine the customer's newest target market.66. Before approving a loan application, a bank is likely to analyze the applicant'sA. debt ratio.C. brand preferences.B. inflation rate.D. performance goals.6
SAMPLE FINANCE EXAM67. Which of the following is an example of a businessperson making a business decision by analyzingfinancial data:A. William asks the staff accountant to prepare the company's profit-and-loss statement for nextTuesday's executive board meeting.B. After reviewing sales forecasts and income statements, Angela determines that the company hasenough money to hire a new employee.C. Timothy obtains a copy of the business's credit rating report from a credit bureau.D. So she can prepare the company's tax return, Kate obtains the necessary financial documentsand forms.68. A financial analysis indicates that a small business's customer base and its profitability have steadilyincreased over the past six months. What decision is the business most likely to make with thisinformation?A. Obtain a loan for equipment repairsC. Liquidate major assetsB. Hire an additional salespersonD. Monitor industry trends69. One of the procedures for orienting new employees often involvesA. providing specialized training.C. developing a compensation package.B. reviewing previous education.D. scheduling a periodic review.70. Overall, what does marketing allow us to do?A. Limit our spendingB. Stop buying onlineC. Live our daily livesD. Feel better about shopping71. Which of the following is a benefit that businesses receive from using the Internet:A. Easier use of satellite radioC. Faster connections with suppliersB. Improved methods of manufacturingD. The ability to call employees on the road72. An advantage to a business that uses intranet capabilities is that it allows employees to share thebusiness's information withA. customers.C. each other.B. competitors.D. former employees.73. Ingrid is able to access information from her desktop publishing software, word-processing software, andspreadsheet software at the same time on her personal computer. This is an example of an operatingsystem with capabilities.A. multiprocessingC. multitaskingB. multi-userD. multithreading74. Melanie is putting a copy of each valuable business record in a building far away from her company. Sheis practicing which part of disaster planning?A. Establish a system for record keepingC. Keep potential lawsuits in mindB. Store information off siteD. Computerize valuable business information75. Which of the following is a type of business record that a firm can use to track its customers' buyinghabits:A. ForecastC. Marketing budgetB. InvoiceD. Annual report76. A main reason that environmental scanning is important is so that businesses can be aware ofA. foreign markets.C. competitors' internal environments.B. new products.D. potential threats.77. Which of the following helps the operations function to control costs and increase productivity:A. Hiring of employeesC. Type of managementB. Use of technologyD. Supply of money7
SAMPLE FINANCE EXAM78. Which of the following is one way that workplace accidents are costly to employees:A. Lost incomeC. Lost salesB. Lost productionD. Lost profits79. Who is usually responsible for planning a project?A. Project coordinatorB. Project schedulerC. Project assistantD. Project manager80. Do businesses such as banks and dry cleaners engage in production?A. No, the services provided by these businesses are intangible.B. Yes, these businesses produce a line of tangible products.C. Yes, the services provided by these businesses are their products.D. No, these businesses do not engage in production.81. Which of the following is an example of continuous improvement?A. Giving managers full responsibility for product qualityB. Minimizin
SAMPLE FINANCE EXAM 2 12. Businesses use technology to build positive customer relations by A. calling customers at home. C. placing pop-up advertisements on web sites. B. creating targeted marketing campaigns. D. sending unsolicited e-mails. 13. A positive result of handling customer complaints properly is that it will A. increase returns. C.
Lt Col William Karsner Maj James Chafin, 2 Jun 1990 Maj Stephen E. West, 2 Nov 1997 Lt Col Earle B. Combs IV, 12 May 2004 Lt Col James E. Lehman, 4 Mar 2007 Maj John G. Anderson, 29 Jan 2009 (Temporary) Lt Col Christopher Whitehead, 19 May 2009 Lt Col Scott A. Carlin Lt Col Scott A. Carlin, 1 Oct 2011 Lt Col Andre Wright Lt Col Marshall Irvin
DECA Exam Specifications 2020-2021 DECA currently uses seven different exams for its competitive events. Please keep in mind that each state makes independent decisions regarding specific uses of each exam. New . Hospitality Services Hospitality and Tourism Cluster Exam Marketing Management Marketing Cluster Exam
SAMPLE LOCAL CHAPTER DECA CALENDAR August September October November Introduce DECA to your students. Verify your information in the online membership system. Plan for fall activities Organize the chapter Hold a DECA kickoff event Elect chapter officers Collect DE
36: row 7 col 5 44: row 4 col 7 53: row 10 col 8 34: row 10 col 3 31: row 3 col 3 54: row 5 col 8 32: row 7 col 1 ORDERING ARDS: A: 3142 : 35214 : 562914 D: 4625371 E: 57681423 Make squares or rectangles using 2 pieces, 3 pieces, 4
COMMANDERS. Capt Thomas J Scho- field, 14 Feb 1942; Col Hamish McLel- land, 17 Apr 1942; Col Howard B Lyon, 27 Sep 1944; Lt Col Robert J Gibbons, 27 Mar 1 5-unkn. Unkn, May 1 7-Sep 1948. Lt Col Jack L Crawford, 10 Jun 1952; Lt Col Gene I Martin, 5 Dec 1952; Col Kenneth L Glassburn, 11 Aug 1953; Lt Col Jacob P Sartz Jr, g Nov 1954-18
P. E. Valeria W. W. William (col) Willie (col) Black Joseph R. Robert Lee S. E. Will Blackwell Mary Will Blair Clem (col) James A. James A. John W. Blakely Elizabeth Ollie (col) Polly Blalock E. C. Bledsoe Nancy Bloodsaw Ida Pinkie Robert (col) Bloodsoe Bob Blount Christine Edward H. Walter (col) Blow Cornelia (col) Bobo William Boland Will
Past exam papers from June 2019 GRADE 8 1. Afrikaans P2 Exam and Memo 2. Afrikaans P3 Exam 3. Creative Arts - Drama Exam 4. Creative Arts - Visual Arts Exam 5. English P1 Exam 6. English P3 Exam 7. EMS P1 Exam and Memo 8. EMS P2 Exam and Memo 9. Life Orientation Exam 10. Math P1 Exam 11. Social Science P1 Exam and Memo 12.
The DECA International Career Development Conference (ICDC) is the Project-based Learning Personal Financial Literacy. INTERNATIONAL . CAREER DEVELOPMENT CONFERENCE. culmination of the DECA year. More than 19,000 high school students, teacher-advisors, business professionals and alumni gather for several days of DECA . excitement.
