Deca Quiz Bowl Review: Q51-101

Question 1

What pricing method sells goods at an artificially high rate and implies superior quality?

Answer 1

Prestige

Question 2

When the demand for goods and services exceeds supply, prices tend to____

Answer 2

increase (rise)

Question 3

When spending exceeds revenues, a company experiences a budget

Answer 3

deficit

Question 4

The movement of business activities from a central commerce district to surrounding jurisdictions is often referred to as____

Answer 4

suburban flight

Question 5

A person who cannot concentrate and has trouble sleeping at night might be experiencing mental___

Answer 5

stress

Question 7

Employees often prioritize their activities by rating their importance

Answer 7

ABC method

Question 8

A business determines its debt ratio by dividing total debt by total ___

Answer 8

assets

Question 9

Although he had a week to complete the assignment, Pte wrote his term paper the night before it was due. this is often called ______

Answer 9

Procrastination

Question 10

After completing her daily tasks, Beth plays tennis in her __ __

Answer 10

free time

Question 11

A popular fashion designer influences the general direction of clothing styles. This is an example of a person who is a(n) ____

Answer 11

trendsetter

Question 12

The actual price that exits in a market at any particular moment is known as the ___ ___

Answer 12

Market Price

Question 13

What marketing function is most directly related to possession utility?

Answer 13

Selling

Question 14

By extending store hours during the holiday season, businesses are helping to create _____ utility

Answer 14

Time

Question 15

What type of government policy determines the amount of money that will be in circulation and the level of interest rates?

Answer 15

Monetary

Question 16

What term is defined as the organized way in which a country handles its economic decisions and solves its economic problems

Answer 16

Economic system

Question 17

A contractual document between a buyer and a seller to distribute the seller’s goods or services is called a(n) _____ agreement

Answer 17

Franchise

Question 18

What type of institutional promotion informs consumers about non-controversial issues that are in the public’s best interest?

Answer 18

Public service

Question 19

What type of product promotion is intended to stimulate demand of an entire class of goods or services rather than stimulating demand for a specific brand

Answer 19

Primary

Question 20

What type of institutional promotion would be used to confront an issue that is controversial for the business?

Answer 20

Public relations

Question 21

On their resumes, job applicants…

Answer 21

References

Question 22

The first level of needs in Maslow’s hierarchy of needs focuses on ____ needs

Answer 22

physiological

Question 23

What is an oral communication method in which information is passed around the company but not formally announced or verified?

Answer 23

Grapevine

Question 24

What is the one-on-one communication method between a supervisor and an individual employee

Answer 24

Counseling

Question 25

ALlowing employees to identify problems and suggest ways to solve the problems is an example involving employees in the ______ process

Answer 25

Decision-making

Question 26

Instructional activities used to educate new salespeople about products and selling policies are often called _____ _____

Answer 26

Training programs

Question 27

Meeting with employees to review how well they are doing on the job is an example of providing feedback through a(n) ______ ______

Answer 27

performance evaluation

Question 28

A group of employees working together to achieve a goal or perform a task is an example of a(n) _____

Answer 28

team