General Business Terms Content by: Brooke Lingbeck Template Design by: Mark Geary
Economy Business Corporation Communication
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Final Jeopardy
Accounting
$100 Question from H1
Costing less to make, buy, or operate
$100 Answer from H1
What is economy?
$200 Question from H1
A chance something bad or dangerous will occur.
$200 Answer from H1
What is risk?
$300 Question from H1
To help pay for or supply funds
$300 Answer from H1
What is finance?
$400 Question from H1
Planning in advance how to spend money.
$400 Answer from H1
What is budgeting?
$500 Question from H1
Expenses to a business that don’t change with its level of production.
$500 Answer from H1
What are fixed costs?
$100 Question from H2
An income from a source.
$100 Answer from H2
What is cost?
$200 Question from H2
Things that cause problems or risks .
$200 Answer from H2
What are liabilities?
$300 Question from H2
Things that are valuable or useful.
$300 Answer from H2
What are assets?
$400 Question from H2
The process of determining finances and budgets.
$400 Answer from H2
What is accounting?
$500 Question from H2
A formal agreement that describes a business concept.
$500 Answer from H2
What is business plan?
$100 Question from H3
People who have started their own companies.
$100 Answer from H3
What are entrepreneurs?
$200 Question from H3
Business allowed to sell a company’s product.
$200 Answer from H3
What is a franchise?
$300 Question from H3
Combination of more than one company.
$300 Answer from H3
What is a merger?
$400 Question from H3
A corporation that does not seek to earn a profit.
$400 Answer from H3
What is a nonprofit corporation ?
$500 Question from H3
Someone who buys into a business.
$500 Answer from H3
What is an investor?
$100 Question from H4
One who owns shares of a company.
$100 Answer from H4
What is stockholder?
$200 Question from H4
A business company formed according to law.
$200 Answer from H4
What is a corporation?
$300 Question from H4
A team or union of two or more people .
$300 Answer from H4
What is a partnership?
$400 Question from H4
A prejudice in favor or against.
$400 Answer from H4
What is bias?
$500 Question from H4
Attentive listening that occurs when the listener is focuses his or her complete attention to the speaker.
$500 Answer from H4
What is active listening?
$100 Question from H5
Obstacles to effective communication typically defined in terms of physical, language, and body language.
$100 Answer from H5
What are communication barriers?
$200 Question from H5
Unpleasant, often loud, sound.
$200 Answer from H5
What is noise?
$300 Question from H5
The act of exchanging information .
$300 Answer from H5
What is communication ?
$400 Question from H5
A chance something bad or dangerous will occur.
$400 Answer from H5
What is a risk?
$500 Question from H5
Costs or occasions of spending.
$500 Answer from H5
What are expenses?
Final Jeopardy
What is the accounting equation.
Final Jeopardy Answer
Assets = Liabilities + Owner’s Equity?