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Economics Review Jeopardy Marketing/ Distribution Business Organizations /Competition Money, Banking, and the Fed Credit and Debt 2nd Half Q $100 Q $200 Q $300 Q $400 Q $500 Q $100 Q $200 Q $300 Q $400 Q $500 Final Jeopardy
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$100 Question from Marketing/Distribution What is the purpose of marketing?
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$100 Answer from Marketing/Distribution Convince consumers that a product will add to their utility.
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$200 Question from Marketing/Distribution What is the usefulness of a product or service?
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$200 Answer from Marketing/Distribution Utility
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$300 Question from Marketing/Distribution What is the series of stages that a product goes through?
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$300 Answer from Marketing/Distribution Product Life Cycle
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$400 Question from Marketing/Distribution What are the four types of utility?
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$400 Answer from Marketing/Distribution Form Time Place Ownership
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$500 Question from Marketing/Distribution What are the four P’s of marketing?
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$500 Answer from Marketing/Distribution Product, Place, Price, and Promotion
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$100 Question from Business Organizations/Competition What is a temporary partnership set up for a specific purpose for a short period of time?
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$100 Answer from Business Organizations/Competition Joint Venture
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$200 Question from Business Organizations/Competition What is the term for a person that starts a business?
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$200 Answer from Business Organizations/Competition Entrepreneur
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$300 Question from Business Organizations/Competition What type of market only contains a few companies in competition with one another?
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$300 Answer from Business Organizations/Competition Oligopoly
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$400 Question from Business Organizations/Competition What type of business organization are most businesses in America?
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$400 Answer from Business Organizations/Competition Sole Proprietorships
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$500 Question from Business Organizations/Competition What is the term for a business having complete legal responsibility for all debts and damages?
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$500 Answer from Business Organizations/Competition Unlimited Liability
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$100 Question from Money, Banking, and the Fed What is the name of the American government’s bank?
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$100 Answer from Money, Banking, and the Fed The Federal Reserve
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$200 Question from Money, Banking, and the Fed What was the FDIC created to do?
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$200 Answer from Money, Banking, and the Fed To increase confidence in banks by insuring deposits
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$300 Question from Money, Banking, and the Fed What are the three functions of money?
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$300 Answer from Money, Banking, and the Fed Store of value, Medium of exchange, Unit of accounting
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$400 Question from Money, Banking, and the Fed Most of the currency in the United States is in the form of?
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$400 Answer from Money, Banking, and the Fed Federal Reserve Notes
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$500 Question from Money, Banking, and the Fed Diamonds could not be used as money because they are not ______________.
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$500 Answer from Money, Banking, and the Fed Easily Divisible
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$100 Question from Credit and Debt What is the term for the original amount of money borrowed?
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$100 Answer from Credit and Debt Principle
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$200 Question from Credit and Debt What is the cost of borrowing money?
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$200 Answer from Credit and Debt Interest
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$300 Question from Credit and Debt What is the term for debts paid back in equal payments over a period of time?
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$300 Answer from Credit and Debt Installment Debt
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$400 Question from Credit and Debt What is the term for installment debts on land, businesses, or property?
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$400 Answer from Credit and Debt Mortgage
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$500 Question from Credit and Debt What is a financial institution owned and operated by its members?
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$500 Answer from Credit and Debt Credit Union
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$100 Question from Second Half What is the cost of credit expressed as dollars and cents?
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$100 Answer from Second Half Finance Charge
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$200 Question from Second Half What is something of value used to secure a loan?
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$200 Answer from Second Half Collateral
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$300 Question from Second Half What card is the same as an “electronic check”?
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$300 Answer from Second Half Debit Card
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$400 Question from Second Half Where are the stocks of the largest corporations in the United States traded?
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$400 Answer from Second Half New York Stock Exchange (NYSE)
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$500 Question from Second Half What are all of the activities done to move goods and services from the producer to the consumer?
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$500 Answer from Second Half Marketing
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Final Jeopardy What financial institution takes over contracts on installment debts from retailers and receives a fee for collecting the debt?
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Final Jeopardy Answer Finance Companies
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