Shiloh DECA
Personal Financial Literacy
Competition Facts
Random
100

The President of Shiloh DECA

Who is Lyric?

100

A financial plan to track expenses and income

What is a budget?

100

The names of the two VPs of Competition who have competed nationally and can assure you success during your DECA competitive journey

Who are Kosey and Ikpo?

100

How was your day?

Mine was great thanks for asking :).

200

The names of our two DECA advisors

Who are Ms. Smith and Mr. Johnson?

200

The difference between net and gross income

Gross Income = Total money after deductions (tax, insurance, retirement)

Net Income = Total Money earned

200

The undisputed best resource for preparing for competitions

(Hint: Its a website)

What is DECA+/DECA Plus.com?

- Contains vocabulary, practice tests, videos from competition and more.

200

The best club at Shiloh that has the best members.

What is Shiloh DECA?

300

The location of our fall rally

Six Flags

300

Define Credit 

What is an agreement to pay for an item later in exchange for being allowed to own the item now?
300

The three levels of DECA competition

What are Regional, State, and ICDC (international)?

300

A duck walked up to a lemonade stand.

And said to the man running the stand

400

Name five members of the Shiloh DECA officer team

You better have said me.

400

An important part of personal finance and reducing risk; a contract with a company who agrees to reimburse an individual in the case of a financial loss.

What is insurance?

400

The four competitive sectors of DECA are

What are Marketing, Hospitality, Finance, and Business Management?

400

Send one member to try to sell and advertise a pencil to the audience. (Best pitch gets the points)

:)

500

Our club dues are due when

When is September 29th?

500

The difference between a traditional IRA and a Roth IRA (Hint: Dealing with taxes) (Hint 2: IRA = Individual Retirement Account)

IRA = Your contributions are tax-free, when you withdraw your money it is then taxed

Roth IRA = Contributions are taxed, but money is withdrawn tax free

500

These are included in every roleplay to remind you what topics you need to discuss. Answering these is ESSENTIAL to scoring high during roleplays.

What are Performance Indicators?

500

Each team tell a joke and whoever has the funniest one gets the points :). (Up to my judgement)

What is a DECA member's favorite christmas song? DECA the Halls!