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

2. Final Jeopardy
Right Side of Room
Center
Left Side of Room
Unit 1
Unit 2
Unit 3
Unit 3 x2
Hodgepodge
100
200
300
400
500

3. Question: Unit Points
Restrictions to Trade

4. Know the different ones; quota, embargo, tariff
Answer: Unit Points
What is a
Trade Barrier
Know the different ones; quota, embargo, tariff

5. Goods and services sold to other countries
Question: Unit Points
Goods and services sold to other countries

6. Import: Goods and services bought from other countries
Answer: Unit Points
What are
Exports
Import: Goods and services bought from other countries

7. Question: Unit Points
Situation in which a country specializes in the production of a good or service at which it is relatively more efficient

8. Comparative Advantage
Answer: Unit Points
What is
Comparative Advantage
Absolute Advantage: Situation where a country can produce a good or service at a lower cost than other countries

9. Protection of the creative work of authors, composers, and artists
Question: Unit Points
Protection of the creative work of authors, composers, and artists

10. Also know patent and trademark
Answer: Unit Points
What is
Copyright
Also know patent and trademark

11. Value of the next-best alternative that you were not able to choose
Question: Unit Points
Value of the next-best alternative that you were not able to choose

12. What is Opportunity Cost
Answer: Unit Points
What is Opportunity Cost

13. Question: Unit Points
Written description of the business idea and how it will be carried out

14. Answer: Unit Points
What is a Business Plan

15. Power based on a leader’s position within the formal structure
Question: Unit Points
Power based on a leader’s position within the formal structure

16. What is Formal Influence Answer: Unit 2 200 Points
Know Informal Influence: Power resulting from the personal characteristics of a leader

17. Question: Unit Points
Precise statement of results the business or individual expects to achieve

18. Answer: Unit Points
What is Goals

19. Question: Unit Points
Written contract granting permission to operate a business to sell products and services in a set way

20. Answer: Unit Points
What is a Franchise

21. Question: Unit Points
Environment in which people work , made up of the atmosphere, behaviors, beliefs, and relationships

22. What is Organizational Culture
Answer: Unit Points
What is Organizational Culture

23. Question: Unit Points
Amount of money available to the business after all costs and expenses have been paid

24. Answer: Unit Points
What is Profit

25. Any form of communication used to inform, persuade, or remind
Question: Unit Points
Any form of communication used to inform, persuade, or remind

26. Answer: Unit Points
What is
Promotion

27. Question: Unit Points
The activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners and society at large

28. Answer: Unit Points
What is Marketing

29. Combining raw materials and processed goods into finished products
Question: Unit Points
Combining raw materials and processed goods into finished products

30. Answer: Unit Points
What is Manufacturing

31. Question: Unit Points
Managing the acquisition, movement, and storage of supplies, materials, and finished products in a business

32. Answer: Unit Points
What is Logistics

33. Question: Unit 3 x2 100 Points
Detailed plans for the financial needs of individuals, families, and businesses

34. Answer: Unit 3 x2 100 Points
What is a Budget

35. Question: Unit 3 x2 200 Points
Best practices among all competitors

36. Answer: Unit 3 x2 200 Points
What is Benchmarks

37. Question: Unit 3 x2 300 Points
Financial documents that are used to record and analyze the financial performance of a business

38. What are Financial Records
Answer: Unit 3 x2 300 Points
What are Financial Records

39. Question: Unit 3 x2 400 Points
Differences between actual and budgeted performance

40. What are Discrepancies
Answer: Unit 3 x2 400 Points
What are Discrepancies

41. Question: Unit 3 x2 500 Points
Company’s plan that identifies how it will use marketing to achieve its goals

42. Answer: Unit 3 x2 500 Points
What is
Marketing Strategy

43. Question: Hodgepodge 100 Points
Things necessary to live

44. Answer: Hodgepodge 100 Points
What are Needs Know Wants

45. Question: Hodgepodge 200 Points
Set of promotional activities designed to obtain sales in the retail setting

46. Answer: Hodgepodge 200 Points
What is Merchandising

47. Question: Hodgepodge 300 Points
Specific study of a job to identify in detail the job duties and skill requirements

48. Answer: Hodgepodge 300 Points
What is Job Analysis

49. Question: Hodgepodge 400 Points
Physical conditions and the psychological atmosphere in which employees work

50. Answer: Hodgepodge 400 Points
What is Work Environment

51. Question: Hodgepodge 500 Points
Ability to motivate individuals and groups to accomplish important goals

52. Answer: Hodgepodge 500 Points
What is Leadership

53. Final Jeopardy – Make your Wager

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

55. Consumer spending / saving
Final Jeopardy Answer
What is
Unemployment rate
Consumer spending / saving
Inflation / deflation
Interest rate