Do's and Don'ts of Personal Financial Literacy
The Personal Financial Literacy Event measures the personal finance knowledge and skills a DECA member should possess, it is designed to measure your ability to apply reliable information and systematic decision making to personal financial decisions. You automatically have the advantage in this event when you have prior knowledge or experience whether it be from your personal finances or by taking finance-related courses. Since this is a role play event, you will be required to take a 100-question exam, have 10 minutes to prep time, and then 10 minutes to present your case study before a judge.
1. STUDYING
Let’s just be honest, studying is a major dislike amongst students, but to succeed in this event, studying is vital. Visit deca.org & texasdeca.org to see the hundreds of study materials that's been provided.
DO STUDY THE PRACTICE TEST – One of the best resources that we’ve been granted are the practice tests. These are questions that have previously been used and that you may see again on your actual 100 question exam, so it’s best that you familiarize yourself with them.
DON'T WASTE TIME – Competition season comes very fast so it's best that you give yourself time to prepare. Remember it is impossible to prepare when you procrastinate, You’re on the road to DECA glass!
2. TESTING
Taking 100-question exams in just 90 minutes isn’t an easy task. It’s important that you remain alert and use great test-taking strategies.
DO THE QUESTIONS THAT YOU’VE SEEN BEFORE FIRST – If you took the time to study the practice test, then you will notice that some of the questions are the same or very similar. Do those first so that you have time to focus on more challenging ones.
DON’T EAT A HEAVY BREAKFAST OR MEAL BEFOREHAND – When you eat heavy you get something I call “THE ITIS”. In other words, you get sleepy and instead of focusing on your test, you focus on fighting your sleep. Eat something light on your stomach like fruit or cereal.
3. ROLE PLAY
A role play can be very stressful, especially when it’s your very first time doing one. However, there are ways to get rid of the anxiety and give your judge the best role play they’ve ever seen.
Quick Tip: The very first thing you want to do is greet your judge by shaking their hand, telling them your name and what your role is given by the case study.
DO PAY CLOSE ATTENTION TO THE PERFORMANCE INDICATORS – The performance indicators are the specific topic questions that your judge will ask you, familiarize yourself with them so you know the type of questions you’ll be asked.
DON’T SAY “I DON T KNOW” – If you don’t understand a question, then that completely okay to ask your judge to clarify or explain the question to you. Remember you want to treat this like a job / professional career interview. Would you say I don’t know to a question asked by a future boss?
BY: TAE’ LYN NICHOLSON
5 Preparation Tips for District Testing
All Texas DECA Districts will host testing in less than two weeks! Members will be able to compete in role play events, run for district office, and network with members. Keep in mind that you need to “pass” this test in order to QUALIFY for potential advancements for State CDC. For example, if you score a 35%, you will not be able to advance to State no matter how well your role play may have been. Below are tips for preparation and testing itself:
1) STUDY!!! You won’t do well if you don’t try. Practice using tests from previous years. Some questions are recycled. Don’t procrastinate!!!
2) Set a reasonable goal! Write out your goal on paper. Goal setting is important and will motivate you to work hard leading up to testing.
3) Keep track of time. Remember that you are taking a timed test, so bring a watch that doesn’t make beeping noises or doesn’t have an alarm. Smart Watches are not allowed!
4) Stay hydrated and eat well. Sounds obvious, but you need to seriously keep yourself healthy if you want your brain to perform at its best for testing.
5) Get lots of rest! As always, you function best when you are well rested and have sufficient energy. Don’t stay up all night cramming or playing video games.
BY: EMILY NGUYEN
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How to Get a Higher Test Score
Take every practice test you can! You can find numerous online just by searching on the web “DECA (Insert Cluster Name) Cluster Practice Exams.” When taking these tests, I would make sure you understand why you got each question wrong. In my opinion, reading through the answers is far more significant than taking the actual test. If you don’t get a certain concept when testing, search for it online and take the time out to read articles or watch a couple videos. Your friends, family, and teachers are also great resources to use!
Learn your vocab! All of the DECA Exams you take will be heavy with vocabulary, and so it is essential that you understand all terms possible. I personally find it very helpful to search for glossaries on the web - I know Quizlet is a very helpful tool! Just a simple “DECA (Insert Cluster Name) Vocabulary” search on the web can land you hundreds of terms! Another thing I would do is to go through a list of all the Performance Indicators in your event and write down every term you are unfamiliar with. When studying your vocabulary, I would make sure you really understand the terms rather than just the definition. Take some time to set up a schedule and memorize roughly 20 terms a week. Review the terms you previously learned and try to employ them in sentences to increase retention. The vocabulary you learn will not only assist you when you take your test but when you do your Roleplays - judges are very impressed when they hear these terms!
Know your exam! You can find breakdowns of every DECA Cluster Exam here. This is an amazing resource primarily because it tells you what concepts to focus on the most. The instructional areas provided on the chart are broad categories you need to understand before you take your test.
Try to convince your chapter to get Competition University! Competition University is a website that is designed to train DECA members in any competitive event. It has all the DECA resources ready to go, will teach you performance indicators, and go over practice tests with you.
Use the official DECA Images Resources. DECA Images sells competition materials you can purchase online. This includes things such as flashcards, tests, and much more. This is a great way to study, as you know these resources are reliable since they come from DECA themselves.
For any other resources, visit www.texasdeca.org! Texas DECA provides a wide array of materials to help you succeed as a DECA member, whether it be competition, chapter management, or leadership development. Also, please let Texas DECA know if you have any requests for a new resource to be made
BY: DHRUV GOMBER
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Why You Should Compete in a Role Play Event
Roleplays are the perfect way to test your skills of improvisation and quick-thinking or just confidence improvement! If you’re willing to take on the challenge of spontaneity, roleplays are the optimum type of competition for your DECA experience.
Test your knowledge!
Given performance indicators and a scenario, your true knowledge about your competitive event is being put to the test! This best indicates your strengths and weaknesses, helping you build your knowledge and experience of working in the business world. Not only does this improve your skills and application, but also allows you to showcase your abilities on the tested subject. Roleplays really give you a chance to put your best foot forward, if you’re willing to work for it!
Build your confidence!
Learning to present or speak in public can be intimidating and embarrassing, however, roleplays are the icebreaker to gaining confidence in your presentations. Roleplays give you a safe environment to practice your presentation, in a one-on-one environment with the judge. This allows you to have a more intimate environment, giving you tense, yet secure, conditions to grow your confidence skills. A large factor in roleplays includes your confidence levels: handshake, eye contact, posture, and overall engagement. These confidence indicators can boost your presentation, and teach you valuable lessons for future interviews where confidence is key! Considering the factor of improvisation and spontaneity, with practice, roleplays help teach confidence even when you feel overwhelmed in an interview.
Give you an accurate image of real-life situations!
Taking on a hypothetical role and purpose in these interviews allows you to not only assert confidence but gain knowledge of how your skills are applicable in the business world. All roleplays have a situation that is likely to occur in your future of conducting business, whether it comes to customer satisfaction or managing resources. Roleplays give you an accurate representation of problems that employers face and allow you to explore the options of solutions. Not only will this increase your score in a DECA competition, but furthermore prepare you for your future in the business world. Practicing creating new ideas and solutions with originality and leadership in a roleplay inclines you towards being more successful in the future when you approach a similar situation.
BY: MADELINE SEVERSON
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Glass Class - Competition
Related Resources:
Texas DECA Champions' Resources
Resources for Written/Prepared Events
This page is currently under rennovations. Please check back soon for updates and information.
SAMPLE PREPARATION CALENDARS FOR YOUR EVENT
Integrated Marketing Campaign Events
operations research events
Professional Selling + Consulting Events
Project Management Events
entrepreneurship events
INNOVATION PLAN
INDEPENDENT BUSINESS PLAN
BUSINESS GROWTH PLAN
START UP BUSINESS PLAN
INTERNATIONAL BUSINESS PLAN
FRANCHISE BUSINESS PLAN
Selling and Consulting Events
Financial Consulting (FCE)
(SAMple competitive event page, all events coming soon)
For 2022-2023 you will assume the role of a financial consultant to a local bank.
The bank is looking to close some of its brick-and-mortar locations and transition more of its services to an online/virtual platform. The bank is seeking your recommendation on what services could be transitioned to an online-only banking platform without compromising customer service to its customers.
Related Resources:
Entrepreneurship Challenge
Case Study Challenge
DECA Presentations
Click on the presentation name above to jump to that section.
COMPETITIVE EVENTS 101
PREVIEW
What does this presentation include?
*The Google Slides and PowerPoint versions each have presentation notes in the notes section of each slide*
INTRO CHAPTER MEETING
PREVIEW
What does this presentation include?
INTRO TO DECA
PREVIEW
What does this presentation include?
PRE-COMPETITION MEETING
PREVIEW
What does this presentation include?
HOW TO HOST A SOCIAL
PREVIEW
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DECA's Written Event Guidelines - Printout Versions
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Competitive Event Allocations
Each Chapter/ Marketing Education teacher unit may have TWENTY FIVE (25) total entries, in any combination, in the following events:
Principles of Business Administration Events (must be the first year on a DECA Roster)
PBM Principles of Business Management and Administration
PFN Principles of Finance
PHT Principles of Hospitality and Tourism
PMK Principles of Marketing
Individual Series Events
ACT Accounting Applications Series
AAM Apparel & Accessories Marketing Series
ASM Automotive Services Marketing Series
BFS Business Finance Series
BSM Business Services Marketing Series
ENT Entrepreneurship Series
FMS Food Marketing Series
HLM Hotel and Lodging Management Series
HRM Human Resources Management Series
MCS Marketing Communications Series
QSRM Quick Serve Restaurant Management Series
RFSM Restaurant and Food Service Management Series
RMS Retail Merchandising Series
SEM Sport and Entertainment Marketing Series
Integrated Marketing Campaign
IMCE Integrated Marketing Campaign - Event
IMCP Integrated Marketing Campaign - Product
IMCS Integrated Marketing Campaign - Service
Professional Selling Events
FCE Financial Consulting
HTPS Hospitality and Tourism Professional Selling
PSE Professional Selling Event Personal
Financial Literacy Event
PFL Personal Financial Literacy
Each Chapter/ Marketing Education teacher unit may enter ELEVEN (11) teams, in any combination, in the following events:
Business Operations Research Events
BOR Business Services Operations Research Event
BMOR Buying and Merchandising Operations Research Event
FOR Finance Operations Research Event
HTOR Hospitality and Tourism Operations Research Event
SEOR Sports and Entertainment Marketing Operations Research Event
Entrepreneurship Events
EIP Entrepreneurship Innovation Plan
ESB Entrepreneurship Start-Up Business Plan
EIB Entrepreneurship Independent Business Plan
EFB Entrepreneurship Franchise Business Plan
IBP International Business Plan
EBG Entrepreneurship Business Growth Plan
Each Chapter/ Marketing Education teacher unit may enter EIGHT (8) teams, in any combination, in the following events:
Team Decision Making Events
BLTDM Business Law and Ethics Team Decision Making Event
BTDM Buying and Merchandising Team Decision Making Event
ETDM Entrepreneurship Team Decision Making Event
FTDM Financial Services Team Decision Making Event
HTDM Hospitality Services Team Decision Making Event
MTDM Marketing Management Team Decision Making Event
STDM Sports & Entertainment Marketing Team Decision Making Event
TTDM Travel & Tourism Team Decision Making Event
Each Chapter/ Marketing Education teacher unit may enter SIX (6) total teams, in any combination, in the following events:
Project Management Events
PMBS Business Solutions Project
PMCD Career Development Project
PMCA Community Awareness Project
PMCG Community Giving Project
PMFL Financial Literacy Project
PMSP Sales Project
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How to Prepare for District CDC
I’m pretty sure we can all agree on one thing here- preparation is a MUST at competition. Although it may be true that we all prepare in different ways, there are a few preparation tips that we all can practice. Let’s go through the top three together.
Tip #1: Get PLENTY of Rest.
I know, this is probably the most cliche of all competition tips. But here’s the thing about cliches- they’re usually ALWAYS on point. Sleep can go a long way, so make sure you’re asleep for at least eight hours the night before competition. Some people are under the false impression that cramming the night before competition helps, when in reality, this will only overwhelm your brain. Don’t believe me? Let’s take a trip back to science class.
“In the 1970’s researchers proposed the “Levels of Processing” theory. They argued that “deep processing” led to better long-term memory than “shallow processing”. Shallow processed information can be encoded by the brain based on the simple characteristics of the words, rather than the meaning. So the knowledge is only able to be stored in short-term memory stores, where it is only retained for a short period.”
Scientists said it, not me. Okay on a serious note, prepare and study months in advance, so the night before competition you can treat yourself to some beauty sleep. I promise, the next morning you will feel as confident as ever!
Tip #2: Make Flashcards
This can work for both written and role plays! For role plays, making flash cards on key vocabulary terms will definitely help you in terms of presentation and allowing yourself to stand out among other competitors. On the other hand, for written, it would be in your best favor to NOT memorize your entire presentation, but rather make flashcards that will lead you to the right track. You can use these flashcards while you present in front of your friends, teachers, and families! Just make sure they’re not physically used during your role play. With this tip, you’ll be on your journey to success in DECA Competition.
Tip #3: Be Yourself.
Our last and final tip is to be yourself. Now I know what you’re thinking, “That was even more cliche than the first tip!” Okay, yeah. It kind of was. Just remember, even though technological terms and advanced speaking skills goes a long way- having a personality of your own is just as important. Remember- your judge is human, too. We’re all different variations on a theme. There is only one YOU. Nobody else is exactly like you, and that’s what makes us all unique. This is a factor that none of us should take for granted. When you make your first impression to the judge, make sure you’re promoting your brand positively and that you remain yourself the whole time. Hopefully this will ease out your nerves a little bit, and have you shine on that stage!
BY: RHEA ATHILAT
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5 Simple Competition Preparation Tips
1) Reach Out - One of the most important things in creating a successful project is networking. Contacting local business owners gives you the advantage of professional feedback and possible tips to ensure your further success!
2) Step Out of Your Comfort Zone - Winning projects are usually those that leave an impact on the judge. While preparing your presentation, think of creative or unconventional ways to capture your judge's attention and incorporate them.
3) Have A Good Partner Dynamic - This is something that is critical when working with a group. Choose partners that will work equally as hard, and will motivate you to win some DECA glass! Learn each other's strengths and weaknesses and utilize them during competition.
4) Don't Stop Preparing - There is always room for improvement in your paper, presentation, visual aids, etc. Ask teachers, industry professionals, or any other adult to critique your project and provide you with feedback. Use the feedback people give you to finetune your project and truly make it ICDC worthy.
5) Envision Yourself Winning DECA Glass - One of the best motivators is to imagine yourself, or your team, on that ICDC podium, grinning from ear to ear because you have just won some sweet DECA Glass! While it is hard, it is not impossible. Envisioning that "moment of glory" will help remind yourself that the work is worth it.
BY: SARAH JOSHI
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Why You Should Put in the Work for #DECAGlass
Around this time of year, many members in my chapter are beginning their competition preparation and they often ask the chapter officers “Why should I put in the work for DECA glass?” The generic response of many include:
-Free vacation
-Fun-experience away from school (except making up the missed work is not so much fun)
-Bolstering college resumes
However, these superficial reasons aren’t what develops winners of DECA glass, instead it's the reward reaped through perseverance and hard work. Whether you are running for office, competing in your respective event, or winning a D4DC scavenger hunt, that moment of glory on stage is unlike any other. I can say that there truly is nothing better than raising that DECA glass (or medallion depending on district awards ;) above you like Mufasa holding Simba in the Lion King as many competitors admire your success.
Last year, I advanced from the District 4 CDC to state. My upperclassmen friends had told me how difficult the road beyond state to ICDC would be, saying that “The other kids are getting almost perfect scores on their tests and role-plays and even if you are perfect, it’s still the luck of a draw”. I never had that officer to tell me that going to ICDC would be a feat someone like me could achieve. As a result, I prepared much less that I should have, taking about two practice tests and a couple roleplays. During testing, I rushed because of the seemingly nonexistent possibility of reaching ICDC even with a good test score. Given my pessimism, I went to state without pressure and with a cool aura around me. As a result, the role-plays I did at SCDC had turned out to be successful and I knew I had maximized both role-plays despite my lack of specialized preparation. My words flowed eloquently and the thoughts were conveyed cohesively as the analogies and jokes I mentioned spiced up the act for the judges. Still, I woke up on Awards Day thinking that the most I could’ve achieved was a pat on the back from my amazing advisor, Mrs. Ash, after she saw my score report. With my event being near the end of the ceremony, I remember the moment my name came upon the screen- at first, a moment of shock and non-realization but after comprehending it, a surge of excitement and happiness in my body. Running up to the stage and receiving congratulations from all the 170+ chapter members added to the emotion.
When I went to ICDC, I had some of the best times of my life and I met friends from across the globe that I’ll never forget. This time I made sure I was much more prepared for competition. Although many don’t reach ICDC, the learning opportunities through failure should be used as your motivation to keep moving forward and coming back stronger than next year. Therefore, when people ask why they should work to earn their DECA glass, I tell them about my once in a lifetime experience of holding that glass up and how it is achievable and realistic. It’s vital we express to our competitive members that this road is not only possible for them, but that their work and preparation will directly influence and better their chances of getting the famous #DECAglass.
BY: MICHAEL NGUYEN
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Fears of Public Speaking
Public speaking is one of the largest, most well-known fears that has affected many generations of people. I know many people who have such an enormous fear of public speaking, that they have refused to be a part of different organizations, like DECA, because there is a slight chance that they would have to speak in front of others. Throughout my experience in DECA, I have witnessed numerous DECA members that choose not to compete because of public speaking. Even though most DECA member's extent of public speaking consists of presenting in front of a judge, it is a large jump that many members choose not to make. Luckily, there are many different ways to help cope with these fears. To begin, the most important thing to do is practice. It may sound really cliché, but practice makes perfect. For example, a great way to practice not in front of people is to practice in front of a mirror. The more you work on speaking out loud at a loud volume, the more comfortable you get with it. To continue, the more time used to present in front of other people can lower nervousness that arises from being in front of others. There are other methods of relaxation that can calm nerves, such as, meditation, power poses or listening to calming music. The best thing to do is figure out what works for you. Everyone is different and everyone's methods for improving their speaking skills is different.
BY: JULIANNA SEWELL
DECA Conferences: Expectations And Tips
We all know what’s coming up…. Power Trips and Educational Development Conferences! Hands up if you are ready! DECA provides three types of competitions : Leadership, Career Pathway and Career Development conferences. If this is your first, second, third or even tenth, I suggest you get ready for an extraordinary trip.
Expectations
Explore: Get ready to get out of your comfort zone, meet new people and explore the city! It not very often you have the chance to fly out to a new state, and experience new places and people with your DECA chapter so be #Limitless and take advantage of these opportunities. DECA conferences provide chances to learn new tips, ideas and pivotal information to help you in competition and the business world.
Learn: These conferences are developed to inspire, promote leadership, and educate! Workshops and seminars are going on throughout the conference covering many topics that will help you for the future. From workshops teaching you how to write a business plan, how to prepare for a role play, to helping you speak more eloquently and how to ace professionalism and etc. These seminars have you covered! So don’t feel overwhelmed, choose a development workshop that best fits your needs!
Expect: These conferences are held in some of the most unique cities and atmospheres you will ever encounter. At conference, you will be engaging in all sorts of DECA-tastic activities you may have never thought about being a part of nor ever knew existed. As a student you will be immersed with a lot of information that will help prepare you for your future, but don’t let that scare you! Instead, take advantage of it and expect that you will leave the conference future ready! With a “go-getter” mentality you are destined to take advantage of every moment at conference.
Remember expand your horizons and don’t be shy to be outside of the box. Enjoy yourself and your trip, good luck!
For more information about DECA Conferences go to : https://www.deca.org/high-school-programs/high-school-educational-conferences/
BY: JESSICA GALLARDO
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What Makes ICDC Unforgettable
If you spend every day after a conference wishing you were back in that moment, you’re not alone! I’ve been fortunate enough to attend my district and state career and development conference, but my absolute favorite has been the one and only ICDC! For most (if not all) non-DECA members, ICDC sounds like a strange code word or an element on the periodic table. Though, anyone in DECA can assure them that it’s not. In fact, it’s the BEST conference ever. Here’s the proof:
1. You get to meet people from all 50 states AND from other countries! There are 19,000 other DECA-lovers like you to meet, and this is your chance. You get to come back home and brag about how you’re now friends with people from North Carolina and California.
2. Pin trading is a blast! It’s a fun way to collect tokens from other places while meeting those new people I talked about in #1. Once you start trading, you’ll never stop.
3. Attractions are everywhere! Last year in Anaheim, chapters spent their free time at Universal or Disneyland or Downtown Disney or anywhere else because the city had so much to do!
4. The #DECAHYPE is real at Grand Awards when you see your friends or other Texas teams place top 10 in the world! It’s a big deal, and it’s such a lively environment to be in.
5. Competing at the international level is not just an honor but it’s its own experience. You are beside only the select few from across the world who have the opportunity of a lifetime to snatch #DECAGlass, and those who really want it will show it.
In all, ICDC is like no other conference because of its scale and the environment. It’s the prime opportunity to network, to compete, and (of ) course to have fun!
BY: EMILY NGUYEN
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