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Intro to Business Final Jeopardy!!!! The final is 120 points Mixture of Matching, Mini Matching, and Short Answer
Unit 1Unit 2Unit 3Unit 1 x2Hodgepodge 200 400 600 800 2000 Right Side of Room CenterLeft Side of Room Final Jeopardy
Question: Unit 1 200 Points An economy that is controlled by a central authority is known as
Answer: Unit 1 200 Points What is Command Economy Know Market, Traditional, and Mixed
Question: Unit 1 400 Points What happens to price when supply goes down?
Answer: Unit 1 400 Points What is Goes up
Question: Unit 1 600 Points Define GDP?
Answer: Unit 1 600 Points What is Total value of all final goods and services produced in a country during one year (Gross Domestic Product)
Question: Unit 1 800 Points There are 4 parts of the business cycle, list them
Answer: Unit 1 800 Points What is Recession, Depression, Recovery, Peak
Question: Unit 1 2000 Points What is the difference between a deficit and debt
Answer: Unit 1 2000 Points What is Deficit is a budget shortfall Debt is all money owed
Question: Unit 2 200 Points Someone who takes a risk in starting a business to earn a profit
Answer: Unit 2 200 Points What is an Entrepreneur
Question: Unit 2 400 Points A business that is owned by two or more individual
Answer: Unit 2 400 Points What is a partnership Know the other two types of business ownership: Corporation and Sole Proprietor
Question: Unit 2 600 Points What is Michigans adult minimum wage?
Answer: Unit 2 600 Points What is $7.40 U.S. Minimum wage is $7.25 Which would you be paid if they differ? The higher of the two
Question: Unit 2 800 Points Name 3 of the 7 groups that are protected from discrimination
Answer: Unit 2 800 Points What is 1. Age (over 40) 2. Race 3. Sex Religion 4. National Origin 5. Disability 7. Pregnancy
Question: Unit 2 2000 Points If a boss maintains tight control which leadership style are they using?
Answer: Unit 2 2000 Points What is Tactical, Autocratic, Dictatorship Know the Others: Strategic or Participative, Delegate or Free Rein and Mixed or Situational
Question: Unit 3 200 Points Explain the target market for the Ford Super duty truck
Answer: Unit 3 200 Points What are Males, Middle Aged, Need to move lots of items, Have money
Question: Unit 3 400 Points What is the difference between custom and mass manufacturing
Answer: Unit 3 400 Points What is Items made for an individual vs. large number of identical products
Question: Unit 3 600 Points Research done without a specific product in mind with the goal of discovering new solutions to problems
Answer: Unit 3 600 Points What is Pure Research
Question: Unit 3 800 Points What is the accounting equation
Answer: Unit 3 800 Points What is Assets = Liabilities + Owners Equity
Question: Unit 3 2000 Points What are the three categories shown on the Income Statement
Answer: Unit 3 2000 Points What is Gross Income or Revenue Expenses Net Income or Earnings
Question: Unit 1 x2 200 Points Which is the supply curve?
Answer: Unit 1 x2 200 Points What is A
Question: Unit 1 x2 400 Points What is a multinational corporation
Answer: Unit 1 x2 400 Points What is A company that is in many countries
Question: Unit 1 x2 600 Points What are ethics?
Answer: Unit 1 x2 600 Points What is Principles of morality or rules of conduct
Question: Unit 1 x2 800 Points Define unemployment rate
Answer: Unit 1 x2 800 Points What is Individuals over 16 that are actively looking for work Know other economic indicators: Inflation, balance of trade, balance of payments, exchange rate, etc.
Question: Unit 1 x2 2000 Points Government-set limit on the quantity of a product that may be imported or exported within a given period
Answer: Unit 1 x2 2000 Points What is a Quota Know other trade terms such as Embargo, Free Trade Agreements, Tariff
Question: Hodgepodge 200 Points Name two benefits you can receive from employment besides pay
Answer: Hodgepodge 200 Points What is Retirement funds, insurance, free stuff (car, clothing, phone), etc.
Question: Hodgepodge 400 Points Is pasteurized milk A.Extraction and Cultivation B.Processing C. Manufacturing
Answer: Hodgepodge 400 Points What is B. Processing
Question: Hodgepodge 600 Points All resources fall into three categories A.Capital B.Human C.Natural What would a building be considered?
Answer: Hodgepodge 600 Points What is A. Capital
Question: Hodgepodge 800 Points An economy in which goods and services are produced the way they have always been produced.
Answer: Hodgepodge 800 Points What is a Traditional Economy
Question: Hodgepodge 2000 Points Separate legal entity formed by documents filed with a state, it is owned by one or more shareholders and managed by a board of directors
Answer: Hodgepodge 2000 Points What is a Corporation
Final Jeopardy – Make your Wager
Final Jeopardy Question List and explain three of the economic indicators
Final Jeopardy Answer What is 1.Unemployment rate 2.Consumer spending / saving 3.Inflation / deflation 4.Interest rate 5.Balance of trade / balance of payments 6.Exchange rate
Intro to Business Jeopardy!!!!. Chapter 5Chapter 6Chapter 7Chapter 8Hodgepodge Right Side of Room CenterLeft Side of Room Final Jeopardy.
Intro to Business Final Jeopardy!!!!
Intro to Business Jeopardy!!!!. Chapter 1Chapter 2Chapter 3Chapter 4Hodgepodge Right Side of Room CenterLeft Side of Room Final Jeopardy.
Essential Standard 1.00 Understand the role of business in the global economy. 1.
1.02 ~ ECONOMIC ACTIVITIES AND CONDITIONS CHAPTER 2 MEASURING ECONOMIC ACTIVITY.
GHSGT Review Economics. Unit 1 – Fundamental Concepts of Economics.
Chapter 2 Measuring economic activity
Intro to Business Final Exam – Ch 1-3 Test Review.
Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE1 CHAPTER Measuring Economic Activity Economic Conditions Change 2-3.
© 2012 Cengage Learning. All Rights Reserved. Principles of Business, 8e C H A P T E R 2 SLIDE Measuring Economic Activity Economic Conditions.
Final Exam Short Answer Review Introduction to Business.
Understand the role of business in the global economy. 1.
2 pt 3 pt 4 pt 5pt 1 pt 2 pt 3 pt 4 pt 5 pt 1 pt 2pt 3 pt 4pt 5 pt 1pt 2pt 3 pt 4 pt 5 pt 1 pt 2 pt 3 pt 4pt 5 pt 1pt Microeconomics U.S. Macroeconomics.
Final Jeopardy Government And the Economy Good Investing $ and Employment Trade Economics Around the World Q $100 Q $200 Q $300 Q $400 Q $500 Q $100 Q.
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