DECA Test 1

2026 Area Exam

Definition of R&D (OP,5, 2026 Area Hospitality and Tourism)

Inventing and testing a brand-new product is an example of a R&D project, a risky endeavor that creates new technologies or processes.

Definition of Derivative Project (OP,5)

A project that enhances, adds to, or extends an existing project.

Definition of a platform project (OP,5)

A platform project creates something entirely new.

Definition of a breakthrough project(OP,5)

A breakthrough project relies on the use of new technology

What should change leaders do? (EI, 10)

Avoid linear thinking because growth isn’t linear. Sometimes big changes are necessary. It’s okay to make promises as long as they can keep them.

Results of a leader abusing power (EI, 14)

Decreased productivity can be a result of a leader abusing power because followers can lose motivation and inspiration to do good work.

Employee Turnover (EI,14)

The number of employees who depart from the company.

What do companies do before making an acquisition? (FI, 19)

In order to determine how much they should pay for the acquisition, the company conducts due diligence. This also allows the company to determine how much risk it is taking on by acquiring the company.

Law of Diminishing Returns (EC, 20)

The law of diminishing returns states that if all the factors of production remain the same except one, additions to the one variable factor will eventually decrease the level of productivity.

Defn. General Partnership (BL, 25)

A general partnership is a type of partnership agreement in which all partners are liable for a business's losses.

Defn. of a corporation (BL, 25)

A corporation is a form of business ownership that is owned by stockholders who have purchased units or shares in the company.

Defn. of Joint Venture (BL, 25)

A joint venture is an arrangement that involves two or more businesses entering into a relationship by combining complementary resources for the benefit of all parties. (usually for a short term)

Defn. Franchise (BL,25)

A franchise is a contractual agreement between a parent company and a franchisee and allows the franchisee to distribute the parent company's goods and services for a certain amount of money.

What is considered an ethical practice?(EI,36)

Doing the right thing all the time.

How can the business environment affect project planning?(OP,37)

The world around you can change the way you plan your project.

Business environment (OP,37)

all internal and external factors that can affect a business/project

What is a trade show? (PD,39)

A trade show is a promotional method that many businesses use to introduce new products, generate new sales leads, and contact current customers at the same time. A trade show gives businesses the opportunity to display their products and meet with a large number of potential and current customers.

Defn. Verbal Assertiveness (EI,46)

Verbal assertiveness is a confident attitude that involves the use of words. Ex. starting conversations

Benefits of Digital Coupons (SE,51)

Digital coupons have a higher redemption rate than printed coupons because they are convenient and easily accessible.

Indirect impacts on local economy by H&T industry (EC,52)

It indirectly impacts other members of its supply chain, such as a local produce farm that provides the ingredients that a restaurant needs to serve customers

Why should companies plan for risks? (RM,56)

They are predictable and manageable. Planning for them can reduce losses.

Quantitative vs. Qualitative Data (NF,58)

Qualitative data are subjective information based on opinion and personal interpretations, not numbers. Quantitative data are data based on numerical information.

Defn. Reconcile Cash (FI,65)

The process of comparing your internal accounting records with external statements or physical cash counts.

How to maintain customer loyalty? (NF,70)

By providing an excellent service and or product

What to use for a cheap and low profit margin marketing? (PI,72)