DECA Finance Practice Test #1184

DECA Finance Practice Test #1184

Assessment

Assessment

Created by

Kayla Guillory

Business

9th - 12th Grade

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99 questions

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1.

Multiple Choice

30 sec

1 pt

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

2.

Multiple Choice

30 sec

1 pt

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

3.

Multiple Choice

30 sec

1 pt

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

4.

Multiple Choice

30 sec

1 pt

Which of the following is a tax-deductible gift:

stocks

vacation home

charitable donation

inherited items

5.

Multiple Choice

30 sec

1 pt

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

physical inventories

data reconciliations

variance analyses

segregation of duties

6.

Multiple Choice

30 sec

1 pt

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

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