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Exam (elaborations)

DECA Business Administration Core Exam Questions and Answers 100% Pass

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DECA Business Administration Core Exam Questions and Answers 100% Pass Franchise - a contractual agreement between a parent company and a franchisee to distribute goods and services Corporation - a form of business ownership that is owned by stockholders who have purchased units or shares of...

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  • October 25, 2024
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  • Exam (elaborations)
  • Questions & answers
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DECA Business Administration Core

Exam Questions and Answers 100%

Pass


Franchise - ✔✔a contractual agreement between a

parent company and a franchisee to distribute goods and services

Corporation - ✔✔a form of business ownership that is owned by

stockholders who

have purchased units or shares of the company

Elastic Demand - ✔✔demand that changes according to changes in price

Inelastic Demand - ✔✔demand that is not affected by changes in price.

Unitary Demand - ✔✔when sales remain the

same because changes in supply and demand are equal

Tort - ✔✔a private wrongdoing that potentially harms another person or

entity

Doctrine of Sovereign Immunity - ✔✔the universally accepted principle that

each nation has the right to manage its own government and develop

, ©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
its own laws.

Job Enlargement - ✔✔combining different tasks into one position

Job Rotation - ✔✔moving from one job to another job within an

organization

Specialization by Trade - ✔✔the type of work that a person performs in

order to earn a living, such as engineering, public-relations, or accounting.

Frictional Unemployment - ✔✔occurs because there are always workers

who are in transition

Structural Unemployment - ✔✔when the demand for certain types of

workers declines and is often due to technology advancements and the

need for new skills

Cyclical Employment - ✔✔result of changes in the economic and business

cycles

Wage Garnishments - ✔✔court-ordered initiatives that involve taking

income taken from an employee's salary and submitting it to another

person or organization

Embezzlement - ✔✔theft of valuables that have been entrusted to

another's care

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