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Intro to Business Final Jeopardy!!!! The final is 120 points Mixture of Matching, Mini Matching, and Short Answer.

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Presentation on theme: "Intro to Business Final Jeopardy!!!! The final is 120 points Mixture of Matching, Mini Matching, and Short Answer."— Presentation transcript:

1 Intro to Business Final Jeopardy!!!! The final is 120 points Mixture of Matching, Mini Matching, and Short Answer

2 Unit 1Unit 2Unit 3Unit 1 x2Hodgepodge Right Side of Room CenterLeft Side of Room Final Jeopardy

3 Question: Unit Points An economy that is controlled by a central authority is known as

4 Answer: Unit Points What is Command Economy Know Market, Traditional, and Mixed

5 Question: Unit Points What happens to price when supply goes down?

6 Answer: Unit Points What is Goes up

7 Question: Unit Points Define GDP?

8 Answer: Unit Points What is Total value of all final goods and services produced in a country during one year (Gross Domestic Product)

9 Question: Unit Points There are 4 parts of the business cycle, list them

10 Answer: Unit Points What is Recession, Depression, Recovery, Peak

11 Question: Unit Points What is the difference between a deficit and debt

12 Answer: Unit Points What is Deficit is a budget shortfall Debt is all money owed

13 Question: Unit Points Someone who takes a risk in starting a business to earn a profit

14 Answer: Unit Points What is an Entrepreneur

15 Question: Unit Points A business that is owned by two or more individual

16 Answer: Unit Points What is a partnership Know the other two types of business ownership: Corporation and Sole Proprietor

17 Question: Unit Points What is Michigans adult minimum wage?

18 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

19 Question: Unit Points Name 3 of the 7 groups that are protected from discrimination

20 Answer: Unit Points What is 1. Age (over 40) 2. Race 3. Sex Religion 4. National Origin 5. Disability 7. Pregnancy

21 Question: Unit Points If a boss maintains tight control which leadership style are they using?

22 Answer: Unit Points What is Tactical, Autocratic, Dictatorship Know the Others: Strategic or Participative, Delegate or Free Rein and Mixed or Situational

23 Question: Unit Points Explain the target market for the Ford Super duty truck

24 Answer: Unit Points What are Males, Middle Aged, Need to move lots of items, Have money

25 Question: Unit Points What is the difference between custom and mass manufacturing

26 Answer: Unit Points What is Items made for an individual vs. large number of identical products

27 Question: Unit Points Research done without a specific product in mind with the goal of discovering new solutions to problems

28 Answer: Unit Points What is Pure Research

29 Question: Unit Points What is the accounting equation

30 Answer: Unit Points What is Assets = Liabilities + Owners Equity

31 Question: Unit Points What are the three categories shown on the Income Statement

32 Answer: Unit Points What is Gross Income or Revenue Expenses Net Income or Earnings

33 Question: Unit 1 x2 200 Points Which is the supply curve?

34 Answer: Unit 1 x2 200 Points What is A

35 Question: Unit 1 x2 400 Points What is a multinational corporation

36 Answer: Unit 1 x2 400 Points What is A company that is in many countries

37 Question: Unit 1 x2 600 Points What are ethics?

38 Answer: Unit 1 x2 600 Points What is Principles of morality or rules of conduct

39 Question: Unit 1 x2 800 Points Define unemployment rate

40 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.

41 Question: Unit 1 x Points Government-set limit on the quantity of a product that may be imported or exported within a given period

42 Answer: Unit 1 x Points What is a Quota Know other trade terms such as Embargo, Free Trade Agreements, Tariff

43 Question: Hodgepodge 200 Points Name two benefits you can receive from employment besides pay

44 Answer: Hodgepodge 200 Points What is Retirement funds, insurance, free stuff (car, clothing, phone), etc.

45 Question: Hodgepodge 400 Points Is pasteurized milk A.Extraction and Cultivation B.Processing C. Manufacturing

46 Answer: Hodgepodge 400 Points What is B. Processing

47 Question: Hodgepodge 600 Points All resources fall into three categories A.Capital B.Human C.Natural What would a building be considered?

48 Answer: Hodgepodge 600 Points What is A. Capital

49 Question: Hodgepodge 800 Points An economy in which goods and services are produced the way they have always been produced.

50 Answer: Hodgepodge 800 Points What is a Traditional Economy

51 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

52 Answer: Hodgepodge 2000 Points What is a Corporation

53 Final Jeopardy – Make your Wager

54 Final Jeopardy Question List and explain three of the economic indicators

55 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


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