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Questions and Answers
Sheree, who owns a popular family-style restaurant, recently asked her attorney to prepare a document to protect her famous chicken noodle soup recipe. Sheree signed the document containing the recipe and had it notarized. This document is designed to protect Sheree's
Sheree, who owns a popular family-style restaurant, recently asked her attorney to prepare a document to protect her famous chicken noodle soup recipe. Sheree signed the document containing the recipe and had it notarized. This document is designed to protect Sheree's
- trade secret. (correct)
- patent.
- trademark.
- copyright.
What is typically the most significant role of a compliance officer in a bank, investment company, or insurance company?
What is typically the most significant role of a compliance officer in a bank, investment company, or insurance company?
To ensure that the company is following financial laws
An annual audit is an example of a(n)
An annual audit is an example of a(n)
- corrective
- reconciliation
- internal control. (correct)
- detective
Which of the following is a benefit of using artificial intelligence in compliance:
Which of the following is a benefit of using artificial intelligence in compliance:
Mooreshead Bank has placed a claim on Marc's property to protect Mooreshead from financial loss if Marc is unable to pay back his bank loan. Mooreshead has secured a ______ against Marc's property.
Mooreshead Bank has placed a claim on Marc's property to protect Mooreshead from financial loss if Marc is unable to pay back his bank loan. Mooreshead has secured a ______ against Marc's property.
Charlotte, an investment advisor, does more than simply sell stocks and bonds. She also provides investing advice to her clients on an ongoing basis. She talks with clients about their short-term and long-term investing goals and helps them select the investments that are best for them. Charlotte acts as her clients'
Charlotte, an investment advisor, does more than simply sell stocks and bonds. She also provides investing advice to her clients on an ongoing basis. She talks with clients about their short-term and long-term investing goals and helps them select the investments that are best for them. Charlotte acts as her clients'
Robert has learned that his company will announce a round of layoffs in two weeks. Robert decides to sell some of the stock options he had in the company before the news of the layoffs goes public. He tells his friends to do the same. This is an example of
Robert has learned that his company will announce a round of layoffs in two weeks. Robert decides to sell some of the stock options he had in the company before the news of the layoffs goes public. He tells his friends to do the same. This is an example of
Raheem recently sold an investment that he had owned for five years. He sold the investment for considerably more money than he had spent on it originally. Raheem is likely to owe tax on the profit that he made from the sale of the investment.
Raheem recently sold an investment that he had owned for five years. He sold the investment for considerably more money than he had spent on it originally. Raheem is likely to owe tax on the profit that he made from the sale of the investment.
What is a benefit of having established policies for taking breaks and requesting time off?
What is a benefit of having established policies for taking breaks and requesting time off?
Which of the following is a good way to end a business phone call:
Which of the following is a good way to end a business phone call:
Flashcards
What is a trade secret?
What is a trade secret?
Undisclosed information giving a business a competitive advantage (like a recipe).
What is a compliance officer's main role in finance?
What is a compliance officer's main role in finance?
To ensure that the company follows financial laws and regulations.
What type of internal control is an annual audit?
What type of internal control is an annual audit?
A detective control, designed to discover financial issues.
What is a benefit of AI in compliance?
What is a benefit of AI in compliance?
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What is a lien?
What is a lien?
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Who is a fiduciary?
Who is a fiduciary?
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What is insider trading?
What is insider trading?
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What tax is owed on a long-term investment profit?
What tax is owed on a long-term investment profit?
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What is a benefit of established policies for breaks?
What is a benefit of established policies for breaks?
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How to end a business call professionally?
How to end a business call professionally?
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What should be included early in a report?
What should be included early in a report?
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What is a rich channel of communication?
What is a rich channel of communication?
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What is a touchpoint?
What is a touchpoint?
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What is customer experience management (CEM)?
What is customer experience management (CEM)?
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What is the primary role of financial planners?
What is the primary role of financial planners?
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Why use customer relationship management (CRM)?
Why use customer relationship management (CRM)?
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What is marginal analysis used for?
What is marginal analysis used for?
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How does the Internet change utility?
How does the Internet change utility?
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What reason might a company use to defend moving manufacturing overseas?
What reason might a company use to defend moving manufacturing overseas?
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What is a board of directors responsible for?
What is a board of directors responsible for?
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What is cost-push inflation?
What is cost-push inflation?
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Who are the biggest traders in the foreign exchange market?
Who are the biggest traders in the foreign exchange market?
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What ethical dilemma does someone face when stealing without consequence?
What ethical dilemma does someone face when stealing without consequence?
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How to develop cultural sensitivity in the workplace?
How to develop cultural sensitivity in the workplace?
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What is a benefit of transparent communication in the workplace?
What is a benefit of transparent communication in the workplace?
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What is an effective approach to negotiation?
What is an effective approach to negotiation?
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What is the true nature of office politics?
What is the true nature of office politics?
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How is consensus building different from vote taking?
How is consensus building different from vote taking?
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Why do active listeners paraphrase?
Why do active listeners paraphrase?
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What limits your ability to assess the long-term impact of a decision?
What limits your ability to assess the long-term impact of a decision?
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Study Notes
Finance Cluster Exam
- This is a timed exam for the occupational area of finance.
- Students will have a set amount of time to complete all questions.
- Posting these materials online is a copyright violation.
- The exam was developed specifically for DECA's 2019-2020 program.
- The exam items are written for use at DECA's ICDC.
- Performance indicators are at the prerequisite, career-sustaining, and specialist levels.
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Description
Test your knowledge in the field of finance with this timed exam designed for DECA's 2019-2020 program. The exam assesses skills across various performance indicators and is suitable for students preparing for ICDC. Emphasize your understanding of the occupational area of finance to succeed.
