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Jeopardy T/F 1 T/F 2 MC 1 MC 2 Random Q $100 Q $100 Q $100 Q $100
Final Jeopardy
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$100 Question from H1 True or false?
Aptitude is the ability to learn a particular kind of job
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$100 Answer from H1 True
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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
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$200 Answer from H1 D) All of the above
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$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
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$300 Answer from H1 True
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$400 Question from H1 True or False?
Business owners need to listen carefully to everyone who may have an effect on their business.
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$400 Answer from H1 True
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$500 Question from H1 Business letters are written to:
respond to costumer queries motivate a group of employees make sales projections develop consensus building
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$500 Answer from H1 A) respond to costumer queries
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$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
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$100 Answer from H2 b) policies and procedures are already established
or d)
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$200 Question from H2 True or False?
The cash drawer must be balanced at the end of every day.
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$200 Answer from H2 True
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$300 Question from H2 True or False?
Successful entrepreneurs use logical problem-solving methods to make effective decisions
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$300 Answer from H2 True
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$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.
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$400 Answer from H2 False
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$500 Question from H2 True or False?
Entrepreneurs set up brainstorming sessions with their employees when face with a new opportunity or difficult problem
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$500 Answer from H2 True
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$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
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$100 Answer from H3 C) Attracting customers is an uncertainty
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$200 Question from H3 A disadvantage of partnership is partners share:
Decision-making Losses Management responsibilities Profits
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$200 Answer from H3 D) Profits
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$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
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$300 Answer from H3 D) All the above
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$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
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$400 Answer from H3 C)
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$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
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$500 Answer from H3 Take Notes
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$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 $ B) $101.42 C) $ D) $101.38
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$100 Answer from H4 C.) $100.39
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$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
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$200 Answer from H4 D. Define the Solution
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$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) B) $31.84 C) $ D) None of These
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$300 Answer from H4 B) $31.84
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$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%
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$400 Answer from H4 B) $25,000 loan at a rate of 8.5%
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$500 Question from H4 A problem-solving method that builds trust among employees is called Consensus building Brainstorming Idea evaluating Defining the problem
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$500 Answer from H4 A) Consensus building
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$100 Question from H5 A creative group problem-solving technique that involves generating a large number of fresh ideas
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$100 Answer from H5 Brainstorming
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$200 Question from H5 Number of year for which a loan is extended
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$200 Answer from H5 Term
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$300 Question from H5 An amount deducted from the retail price to determine the sales price
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$300 Answer from H5 Markdown Discount
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An amount charged for borrowing money
$400 Question from H5 An amount charged for borrowing money
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$400 Answer from H5 Interest
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$500 Question from H5 A memo from one person in a company to another
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$500 Answer from H5 Memorandum
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Final Jeopardy An agreement between a group of people is Called
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Final Jeopardy Answer Consensus
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