DECA Finance Practice Test #1184

Businesses must comply with regulations that limit the amount and type of pollution and waste they produce. These regulations are referred to as __________ laws.

• Environmental

• Antitrust

• Property

• Industrial

What form of business ownership is best to use when the business owners have difficulty acquiring enough money to pay for the startup costs and initial operating expenses?

• Partnership

• Sole Proprietorship

• Franchise

• Corporation

An important purpose of full-disclosure laws and regulations is to

• allow company employees to use inside information for personal gain.

• provide information to investors so they can make informed decisions.

• require companies to disclose all information about their operations.

• prevent a stock's par value from dropping below its market value

Which of the following is a tax-deductible gift:

• stocks

• vacation home

• charitable donation

• inherited items

Which of the following is an example of a preventive internal control:

• physical inventories

• data reconciliations

• variance analyses

• segregation of duties

What type of technology do businesses use to inspect financial transactions and ensure that they are in compliance with government regulations?

• domain computing

• cyber mapping

• virtual auditors

• simulation browsers

A researcher should consider an author's expertise in a particular topic when assessing the validity of written articles and publications to

• analyze the author's emotional intellegience

• verify the timeliness of the information

• evaluate the author's level of credibility

• confirm personal understanding of the information

What method of note-taking involves using headings and subheadings to record the relationships and

content in a well-organized, multi-level structure?

• sentence

• outline

• mapping

• shorthand

In a formal business letter, the salutation is written

• after the body of the letter.

• on the front of the envelope

• on the back of the envelope

• before the body of the letter

What is an example of a topic that would be addressed in an informational message?

• request for payment on a past-due account

• date and time of appointment with customer

• charitable appeal for a corporate donation

• invitation to speak at a national conference