Jeopardy T/F 1 T/F 2 MC 1 MC 2 Random Q $100 Q $100 Q $100 Q $100 Final Jeopardy

$100 Question from H1 True or false? Aptitude is the ability to learn a particular kind of job

$100 Answer from H1 True

When starting your own business an important consideration is: $200 Question from H1 When starting your own business an important consideration is: Location Product or service offering Employees All of the above

$200 Answer from H1 D) All of the above

$300 Question from H1 True or False? The difference between an S corporation and a regular corporation is that an S-corp is not taxed as a business

$300 Answer from H1 True

$400 Question from H1 True or False? Business owners need to listen carefully to everyone who may have an effect on their business.

$400 Answer from H1 True

$500 Question from H1 Business letters are written to: respond to costumer queries motivate a group of employees make sales projections develop consensus building

$500 Answer from H1 A) respond to costumer queries

$100 Question from H2 An advantage of buying an existing business is that: a large amount of capital is not required policies and procedures are already established it is financially viable it has a reputation with customers

$100 Answer from H2 b) policies and procedures are already established or d)

$200 Question from H2 True or False? The cash drawer must be balanced at the end of every day.

$200 Answer from H2 True

$300 Question from H2 True or False? Successful entrepreneurs use logical problem-solving methods to make effective decisions

$300 Answer from H2 True

$400 Question from H2 True or False? To help select the best solution to a problem, a decision maker will implement each alternative for a trial period.

$400 Answer from H2 False

$500 Question from H2 True or False? Entrepreneurs set up brainstorming sessions with their employees when face with a new opportunity or difficult problem

$500 Answer from H2 True

$100 Question from H3 Which of the following is not a disadvantage of owning a franchise: some profits must be returned to the franchisor Only certain products or services may be offered Attracting customers is an uncertainty a large amount of initial capital is typically needed

$100 Answer from H3 C) Attracting customers is an uncertainty

$200 Question from H3 A disadvantage of partnership is partners share: Decision-making Losses Management responsibilities Profits

$200 Answer from H3 D) Profits

$300 Question from H3 Entrepreneurs who work with family Must be prepared to compromise Cannot make all decision themselves Must enjoy working with relatives All the above

$300 Answer from H3 D) All the above

$400 Question from H3 Operating costs of a franchise: Are paid by the franchisor Include a fee for writing the franchise agreement include fee for advertising Are usually less than one thousand

$400 Answer from H3 C)

$500 Question from H3 Which of the following in NOT an important tip to keep in mind when conducting a face-to-face business meeting? Take Notes Speak clearly Thank the person a the end of the meeting Show that you are listening carefully

$500 Answer from H3 Take Notes

$100 Question from H4 The unit cost of item is $46.80, the customer purchased two of these items, and the sales tax rate is 7.25 percent. The total number due is $100.43 B) $101.42 C) $100.39 D) $101.38

$100 Answer from H4 C.) $100.39

$200 Question from H4 Which of the following is NOT a step in the problem-solving process? Define the problem Take Action Identify various solutions Define the solution

$200 Answer from H4 D. Define the Solution

$300 Question from H4 An item that had an original price of $45.49 is on sale for 30 percent off. What is the sale price? A) 31.24 B) $31.84 C) $13.65 D) None of These

$300 Answer from H4 B) $31.84

$400 Question from H4 Which of the following loans has the lowest yearly interest? $30,000 loan at a rate of 7.25 % $25,000 loan at a rate of 8.5% $40,000 loan at a rate of 6% $35,000 loan at a rate of 8%

$400 Answer from H4 B) $25,000 loan at a rate of 8.5%

$500 Question from H4 A problem-solving method that builds trust among employees is called Consensus building Brainstorming Idea evaluating Defining the problem

$500 Answer from H4 A) Consensus building

$100 Question from H5 A creative group problem-solving technique that involves generating a large number of fresh ideas

$100 Answer from H5 Brainstorming

$200 Question from H5 Number of year for which a loan is extended

$200 Answer from H5 Term

$300 Question from H5 An amount deducted from the retail price to determine the sales price

$300 Answer from H5 Markdown Discount

An amount charged for borrowing money $400 Question from H5 An amount charged for borrowing money

$400 Answer from H5 Interest

$500 Question from H5 A memo from one person in a company to another

$500 Answer from H5 Memorandum

Final Jeopardy An agreement between a group of people is Called

Final Jeopardy Answer Consensus