DECA Terms
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| show | Type of ownership where each limited partner is only liable for debt up to
the amount they have invested in the business.
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| show | Type of ownership where each partner has unlimited liability.
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| Franchisor | show 🗑
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| Franchisee | show 🗑
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| show | An agreement with a company to use their name and sell their products in a given
area.
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| show | People who create, start and manage new businesses
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| Job Interview | show 🗑
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| Job Application | show 🗑
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| show | An individual’s value as a stockholder within a company.
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| Liability | show 🗑
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| show | All items that have a cash value that are owned by the business.
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| Variable Expenses | show 🗑
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| show | Expenses that are always the same no matter how many units are produced.
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| show | The amount spent to product and purchase goods that are sold in the
business.
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| Net Sales | show 🗑
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| Gross Sales | show 🗑
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| show | A plan to manage finances.
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| show | Values and principles that guide decision
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| show | Generally Accepted Accounting Practices refers to the standard guidelines used in
financial accounting.
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| show | When money is used to make more money
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| Stereotypes: | show 🗑
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| show | : A business situation in which the business has no competition.
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| Nonprice Competition | show 🗑
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| show | : Competition that centers around meeting or having a lower price than the
competitor.
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| Risk: | show 🗑
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| Shortage | show 🗑
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| Surplus: | show 🗑
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| Scarcity: | show 🗑
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| show | Transportation, utilities and communication services that are necessary for a
country to have for distribution of goods and services.
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| Capital: | show 🗑
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| Labor: | show 🗑
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| show | All resources that are from the land, sea or air. These are considered raw materials.
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| show | Also known as resources, include: land, labor, capital and
entrepreneurship.
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| Economic Resources | show 🗑
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| show | A statement that lets the customer know what they can expect from a
company’s products or services.
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| show | The belief that the customer is the most important priority of the
business.
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| Staff Meeting | show 🗑
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| show | An introduction and overview of the information contained in a written
plan.
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| show | Rules and procedures that are regulated by a government agency
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| Environmental Law | show 🗑
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| Management | show 🗑
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| show | A person that serves as a source of information and inspiration to someone with less
experience.
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| show | A group or organization that serves the people in a given field
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| show | A place where businesses can show their products to potential clients
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| Trade Journals | show 🗑
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| Internship: | show 🗑
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| show | A way for business people to meet others that are in business and build a list of
contacts that can be used for future reference or projects.
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| Resume | show 🗑
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Created by:
chubere