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Deca Practice Test Exam Questions and Answers 100% Solved | Rated A+

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Deca Practice Test Exam Questions and Answers 100% Solved | Rated A+ 1. Which type of business ownership would help a small business by taxing its owners as individuals? A. Subchapter "S" corporation B. Open corporation C. Franchise D. General partnership - A Subchapter "S" corporation. A s...

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  • October 25, 2024
  • 27
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Deca
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JOSHCLAY
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
Deca Practice Test Exam Questions and

Answers 100% Solved | Rated A+


1. Which type of business ownership would help a small business by taxing

its owners as individuals?

A. Subchapter "S" corporation

B. Open corporation

C. Franchise

D. General partnership - ✔✔A

Subchapter "S" corporation. A subchapter "S", or "S," corporation is a state-

chartered corporation

developed to help small businesses by saving them money on taxes if they

meet certain conditions. It is

limited to 75 or fewer shareholders, has limited shareholder liability, and

requires little financial reporting.

An open corporation usually sells millions of shares of stock to many

stockholders, pays corporate taxes,

,©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
and must make its financial information available to the general public. A

general partnership is an

agreement in which all partners are liable for a business's losses. A

franchise is a contractual agreement

between a parent company and a franchisee to distribute goods and

services.

3. Which of the following usually is the first step in applying written

directions to achieve tasks:

A. Reading

B. Listening

C. Speaking

D. Questioning - ✔✔A

Subchapter "S" corporation. A subchapter "S", or "S," corporation is a state-

chartered corporation

developed to help small businesses by saving them money on taxes if they

meet certain conditions. It is

limited to 75 or fewer shareholders, has limited shareholder liability, and

requires little financial reporting.

An open corporation usually sells millions of shares of stock to many

stockholders, pays corporate taxes,

, ©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
and must make its financial information available to the general public. A

general partnership is an

agreement in which all partners are liable for a business's losses. A

franchise is a contractual agreement

between a parent company and a franchisee to distribute goods and

services.

One computer tool that a businessperson can use to organize online

information for a research report is

A. index cards.

B. mind-mapping programs.

C. statistical applications.

D. online survey services. - ✔✔A

Reading. The first step in applying written directions to achieve tasks

usually involves reading the

directions. Employees need to understand the written directions before they

can apply them. Therefore,

reading for understanding and meaning is an important step. Employees

should listen if the directions are

given verbally rather than in writing. If employees do not understand the

written directions, they might

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