1. 100 200 300 400 500 Final Jeopardy Jeopardy Business Concepts Sports Entertainment Economics Risk Management FinancesUtility

2. The study of economics of an entire society is refereed to as…….

3. Macroeconomics

4. Revenues > Expenses

5. Profits

6. The amount of satisfaction people believe they receive from entertainment is refereed to as…..

7. Economic Utility

8. What are the four types of economic utility?

9. Form Place Possession Time

10. making decisions to use resources in ways that result in the greatest profit

11. Profit Motive

12. _______ is the possibility of financial loss or gain, or personal injury.

13. Risk

14. This category of risk includes environmental conditions that cannot be controlled.

15. Natural Risk

16. This classification of risk involves a loss that can be prevented or reduced in frequency.

17. Controllable Risk

18. What are the three major categories of risk?

19. Natural Human Economic

20. This type of risk is used to classify a chance that a loss could occur but the dollar amount cannot be estimated.

21. Uninsurable risk

22. The money a business receives from the sale of goods and services

23. Revenue

24. payment for insurance

25. Premium

26. Costs only found at the initial opening of a business or operations

27. Start up costs

28. A planning tool for the money to be spent

29. budget

30. a report developed to predict the expenses to be incurred and revenues to be received from an event

31. Forecast

32. _____________ studies the relationships between individual consumers and producers.

33. Microeconomics

34. Funding a company in exchange for owning a part of the company

35. Venture capital

36. Building a company without outside help or assistance.

37. Bootstrapping

38. ROI stands for?

39. Return on Investment

40. The second greatest source for finding funding?

41. Families & Friends

42. Having products or services available when someone wants or needs them is an example of this type of utility.

43. Time Utility

44. Changing a physical characteristic of a product to improve it, such as making movies available in multiple formats like HD, BlueRay, or Imax, would be an example of this type of utility.

45. Form Utility

46. Hold an event in a “cool” location for customers to attend would be an example of this type of utility.

47. Place Utility

48. Matinee pricing, senior discounts, and special rates for students would be an example of this type of utility.

49. Possession Utility

51. Category Franchise Owners

52. What is the maximum number of shares a person can own for the Green Bay Packers?

53. 2000