FBLA History
In what year was FBLA founded?
1942
How many FBLA competitive events can you compete in at the national level?
2 (Indiviudal/team and/or Chapter)
What is the reward for completing BAA's
Pins
What is the term for a company that dominates a market with little competition?
Monopoly
What is the difference between a follower and a leader?
A leader takes initiative, while a follower waits for someone else to take initiative
Who founded FBLA?
Dr. Hamden L. Forkner
Where is FBLA NLC going to be in 2026
San Antonio, TX
How many levels are in the Business Achievement Awards (BAA) program?
Four
What is the term for when a company earns more revenue than expenses?
Profit
What is the difference between a manager and a leader?
A manager oversees operations, while a leader inspires and guides a team
What was the first state to charter an FBLA chapter?
Iowa
What are the catogies of competitve evnets that you can do?
Objective Tests, Presentation Events, Role Play Events, Production Events, and Chapter Events.
What are the different levels of BAA's
Contributor, Leader, Advocate, and Capstone
What does ROI stand for in business?
Return on Investment
What is the term for leading by setting a strong personal example?
Role Model Leadership
What is the name of FBLA’s national service partner?
the Alzheimer's Association
How long do you typically have to present in a presentation event?
7 minutes
What is the main activitiwa done to complete BAAs
Community Service, leadership, and Bussiness Practices/Knowledge.
What is the difference between a sole proprietorship and a corporation?
A sole proprietorship is owned by one person, while a corporation is a separate legal entity
Name a key trait that great leaders possess.
Will take many answers
What was the first chapter in WV? (Bonus if you name what number chapter it was nationally)
St. Albans
How many competive event does FBLA provide? (High School Division)
76
What is the grand prize for BAA Capstone Competitive Review?
$5000
What is a SWOT analysis used for?
To analyze a business’s Strengths, Weaknesses, Opportunities, and Threats
What is emotional intelligence, and why is it important in leadership?
The ability to understand and manage emotions, essential for effective communication and teamwork