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Items have been randomly selected from the MBA Research Center’s Test-Item Bank and represent a variety of instructional areas. Performance indicators for these test questions are at the prerequisite, careersustaining, and specialist levels. A descriptive test key, including question sources and answer rationale, has been provided.  \nCopyright © 2019 by MBA Research and Curriculum Center®, Columbus, Ohio. Each individual test item contained herein is the exclusive property of MBA Research Center. Items are licensed only for use as configured within this exam, in its entirety. Use of individual items for any purpose other than as specifically authorized in writing by MBA Research Center is prohibited.  \nPosted online March 2019 by DECA Inc.  \n1. Businesses must comply with regulations that limit the amount and type of pollution and waste they produce. These regulations are referred to as   laws.  \nA. environmental  \nB. antitrust  \n[C. property](C. property)  \n[D. industrial](D. industrial)  \n2. 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?  \nA. Partnership  \nB. Sole proprietorship  \nC. Franchise  \nD. Corporation  \n3. An important purpose of full-disclosure laws and regulations is to  \nA. allow company employees to use inside information for personal gain.  \nB. provide information to investors so they can make informed decisions.  \nC. require companies to disclose all information about their operations.  \nD. prevent a stock's par value from dropping below its market value.  \n4. Which of the following is a tax-deductible gift:  \nA. Stocks  \nB. Vacation home  \nC. Charitable donation  \nD. Inherited items  \n5. Which of the following is an example of a preventive internal control:  \nA. Physical inventories  \nB. Data reconciliations  \nC. Variance analyses  \nD. Segregation of duties  \n6. What type of technology do businesses use to inspect financial transactions and ensure that they are in compliance with government regulations?  \nA. Domain computing  \nB. Cyber mapping  \nC. Virtual auditors  \nD. Simulation browsers  \n7. A researcher should consider an author's expertise in a particular topic when assessing the validity of written articles and publications to  \nA. analyze the author's emotional intelligence.  \nB. verify the timeliness of the information.  \nC. evaluate the author's level of credibility.  \nD. confirm personal understanding of the information.  \n8. What method of note-taking involves using headings and subheadings to record the relationships and content in a well-organized, multi-level structure?  \nA. Sentence  \nB. Outline  \nC. Mapping  \nD. Shorthand  \n9. In a formal business letter, the salutation is written  \nA. after the body of the letter.  \nB. on the front of the envelope.  \nC. on the back of the envelope.  \nD. before the body of the letter.  \n10. What is an example of a topic that would be addressed in an informational message?  \nA. Request for payment on a past-due account  \nB. Date and time of appointment with customer  \nC. Charitable appeal for a corporate donation  \nD. Invitation to speak at a national conference  \n11. Because Caroline does not have enough time to read an entire 400-page business report, what section of the report should she review to obtain an overview of the most important content?  \nA. Appendices  \nB. Table of contents  \nC. Executive summary  \nD. Conclusions  \n12. What type of information is often transmitted through upward communication?  \nA. Instructions  \nB. Suggestions  \nC. Evaluations  \nD. Corrections  \n13. It is appropriate for a participant to ask questions","cbCaigpZrdMbccmt","https://ap.wps.com/l/cbCaigpZrdMbccmt","pdf",462679,33,"English","# Finance Career Cluster Exam\n## Events and Test-Item Development\n## Practice Questions","[{\"question\":\"What is the Finance Career Cluster exam used for?\",\"answer\":\"It is used for DECA events including Accounting Applications Series ACT, Business Finance Series BFS, Financial Consulting FCE, and Financial Services Team Decision Making FTDM.\"},{\"question\":\"How are the exam questions selected?\",\"answer\":\"Items are randomly selected from the MBA Research Center’s Test-Item Bank and represent a variety of instructional areas and performance indicator levels.\"},{\"question\":\"What additional materials are provided with the questions?\",\"answer\":\"A descriptive test key is provided, including question sources and answer rationale.\"}]","Finance Career Cluster Sample Exam | PDF",1790731262,83]