DECA Entrepreneurship Vocabulary Exam Questions with 100% Correct Answers
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Course
DECA
Institution
DECA
DECA Entrepreneurship Vocabulary
Exam Questions with 100% Correct
Answers
acquisition: - The purchase of a company by another, larger firm, which
absorbs the smaller company into its operations.
board of directors: - A group of individuals elected by a firm's
shareholders and charged with ove...
corporation's assets (after creditors and owners of preferred stock) but who
have voting rights in the firm.
conglomerate merger: - ✔✔A merger of two firms in completely unrelated
businesses.
corporate governance: - ✔✔The relationship between shareholders, the
board of directors, and other top managers in the corporation.
divestiture: - ✔✔Occurs when a company sells part of its existing business
operations to another company.
employee stock ownership plan (ESOP): - ✔✔when a corporation buys its
own stock with loaned funds and giving them to its employees. Employees
"earn'' the stock based on some condition such as seniority. Employees
control the stock's voting rights immediately, even though they may not
take physical possession of the stock until specified conditions are met.
This aligns the employees' interest with those of the shareholders, as they
are shareholders themselves.
entrepreneur: - ✔✔A business person who accepts both the risks and the
opportunities involved in creating and operating a new business venture.
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