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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 Right Side of Room CenterLeft Side of Room Final Jeopardy
Question: Unit Points An economy that is controlled by a central authority is known as
Answer: Unit Points What is Command Economy Know Market, Traditional, and Mixed
Question: Unit Points What happens to price when supply goes down?
Answer: Unit Points What is Goes up
Question: Unit Points Define GDP?
Answer: Unit Points What is Total value of all final goods and services produced in a country during one year (Gross Domestic Product)
Question: Unit Points There are 4 parts of the business cycle, list them
Answer: Unit Points What is Recession, Depression, Recovery, Peak
Question: Unit Points What is the difference between a deficit and debt
Answer: Unit Points What is Deficit is a budget shortfall Debt is all money owed
Question: Unit Points Someone who takes a risk in starting a business to earn a profit
Answer: Unit Points What is an Entrepreneur
Question: Unit Points A business that is owned by two or more individual
Answer: Unit Points What is a partnership Know the other two types of business ownership: Corporation and Sole Proprietor
Question: Unit Points What is Michigans adult minimum wage?
Answer: Unit 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 Points Name 3 of the 7 groups that are protected from discrimination
Answer: Unit Points What is 1. Age (over 40) 2. Race 3. Sex Religion 4. National Origin 5. Disability 7. Pregnancy
Question: Unit Points If a boss maintains tight control which leadership style are they using?
Answer: Unit Points What is Tactical, Autocratic, Dictatorship Know the Others: Strategic or Participative, Delegate or Free Rein and Mixed or Situational
Question: Unit Points Explain the target market for the Ford Super duty truck
Answer: Unit Points What are Males, Middle Aged, Need to move lots of items, Have money
Question: Unit Points What is the difference between custom and mass manufacturing
Answer: Unit Points What is Items made for an individual vs. large number of identical products
Question: Unit Points Research done without a specific product in mind with the goal of discovering new solutions to problems
Answer: Unit Points What is Pure Research
Question: Unit Points What is the accounting equation
Answer: Unit Points What is Assets = Liabilities + Owners Equity
Question: Unit Points What are the three categories shown on the Income Statement
Answer: Unit 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 x Points Government-set limit on the quantity of a product that may be imported or exported within a given period
Answer: Unit 1 x 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!!!! Matching Review The final is 120 points Mixture of Matching, Mini Matching, and Short Answer.
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.
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.
Chapter 3 Key Terms. Gross Domestic Product (GDP) The total value of the goods and services produced in a country in a given year.
Objective 1.02 Understand economic conditions 1 Understand the role of business in the global economy.
CHAPTER 2 Economic Activity. MEASURING ECONOMIC ACTIVITY Economic growth is the steady increase in the production of goods and services in an economic.
CHAPTER 2CHAPTER 2 Understanding the United States Business System.
Understand the role of business in the global economy. 1 All Images Compliments of
HFT 2401 Chapter 1 Introduction to Accounting. Accounting A Means to an End Provides answers to questions How much cash do we have What was our.
2-1Measuring Economic Activity 2-2Economic Conditions Change 2-3Other Measure of Business Activity.
The Government & The Economy. Learning Objectives To understand the Economic Objectives of Governments.
Chapter 2 Economic Activity. Objectives Describe Gross Domestic Product Describe Gross Domestic Product Identify and describe economic measures of labor.
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STANDARD 1 – WORLD OF MARKETING WHAT YOU’LL LEARN Understand that marketing is all around us 2. Understand the concept of private enterprise 3. Understand.
Economic Systems Additional Notes from Intro to Econ and Chapter 17 Packet.
Introduction to Business © Thomson South-Western ChapterChapter Economic Activity Measuring Economic Activity Economic Conditions Change.
* You can not shout out answers! We will go around the room in alphabetical order. If you are asked to answer and you cannot answer you will not be allowed.
Choose a category. You will be given the answer. You must give the correct question. Click to begin.
Traditional economy : Economic decisions are based on custom and historical precedent.
1. Understand that marketing is all around us 2. Understand the concept of private enterprise 3. Understand the marketing mix or 4P’s of marketing 4. Students.
HFT 2401 Chapter 1 Introduction to Accounting. Accounting – A Means to an End Provides answers to questions How much cash do we have What was our.
Intro Ch. 2 Economic Activity. Ch. 2-1 Measuring Economic Activity GDP- Gross Domestic Product- The total dollar value of all goods and services produced.
Test 1, 2, 3, 4 Review. Chapter 1 Want vs. Need Good vs. Service Natural Resources –Oil, minerals, rivers, lakes Human Resources –The people producing.
Economics. What is Economics? Economics is the study of the production, distribution, and use of goods and services. There are 3 basic questions that.
SLIDE Measuring Economic Activity Economic Conditions Other Measures of Business Activity 2 C H A P T E R Economic Activity.
Chapter 10Chapter 11Chapter 12Chapter 13Potpourri Final Jeopardy Score: Player 1 Player 2 Player 3.
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