Post on 30-Mar-2015
Intro to BusinessFinal
Jeopardy!!!!The final is 120 points
Mixture of Matching, Mini Matching, and Short Answer
Unit 1 Unit 2 Unit 3 Unit 1 x2 Hodgepodge
200 200 200 200 200
400 400 400 400 400
600 600 600 600 600
800 800 800 800 800
2000 2000 2000 2000 2000
Right Side of Room Center Left Side of Room
Final Jeopardy
Question: Unit 1200 Points
An economy that is controlled by a central authority is known as
Answer: Unit 1200 Points
What isCommand Economy
Know Market, Traditional, and Mixed
Question: Unit 1400 Points
What happens to price when supply goes
down?
Answer: Unit 1400 Points
What isGoes up
Question: Unit 1600 Points
Define GDP?
Answer: Unit 1600 Points
What isTotal value of all final goods
and services produced in a country during one year
(Gross Domestic Product)
Question: Unit 1800 Points
There are 4 parts of the business cycle, list them
Answer: Unit 1800 Points
What isRecession, Depression,
Recovery, Peak
Question: Unit 12000 Points
What is the difference between a deficit and debt
Answer: Unit 12000 Points
What is Deficit is a budget
shortfallDebt is all money owed
Question: Unit 2200 Points
Someone who takes a risk in starting a
business to earn a profit
Answer: Unit 2200 Points
What is anEntrepreneur
Question: Unit 2400 Points
A business that is owned by two or more individual
Answer: Unit 2400 Points
What is a partnership
Know the other two types of business ownership: Corporation and Sole Proprietor
Question: Unit 2600 Points
What is Michigan’s adult minimum wage?
Answer: Unit 2600 Points
What is$7.40
U.S. Minimum wage is $7.25Which would you be paid if they differ?
The higher of the two
Question: Unit 2800 Points
Name 3 of the 7 groups that are protected from discrimination
Answer: Unit 2800 Points
What is1. Age (over 40)
2. Race3. Sex
Religion4. National Origin
5. Disability7. Pregnancy
Question: Unit 22000 Points
If a boss maintains tight control which leadership style are they
using?
Answer: Unit 22000 Points
What isTactical, Autocratic,
DictatorshipKnow the Others: Strategic or Participative, Delegate or Free Rein
and Mixed or Situational
Question: Unit 3200 Points
Explain the target market for the Ford
Super duty truck
Answer: Unit 3200 Points
What areMales, Middle Aged, Need to move lots of items, Have money
Question: Unit 3400 Points
What is the difference between custom and mass manufacturing
Answer: Unit 3400 Points
What isItems made for an individual
vs. large number of identical products
Question: Unit 3600 Points
Research done without a specific product in mind
with the goal of discovering new
solutions to problems
Answer: Unit 3600 Points
What is Pure Research
Question: Unit 3800 Points
What is the accounting equation
Answer: Unit 3800 Points
What isAssets = Liabilities +
Owners Equity
Question: Unit 32000 Points
What are the three categories shown on the
Income Statement
Answer: Unit 32000 Points
What is Gross Income or Revenue
ExpensesNet Income or Earnings
Question: Unit 1 x2200 Points
Which is the supply curve?A
B
Answer: Unit 1 x2200 Points
What isA
Question: Unit 1 x2400 Points
What is a multinational corporation
Answer: Unit 1 x2400 Points
What is A company that is in many countries
Question: Unit 1 x2600 Points
What are ethics?
Answer: Unit 1 x2600 Points
What is Principles of morality or
rules of conduct
Question: Unit 1 x2800 Points
Define unemployment
rate
Answer: Unit 1 x2800 Points
What isIndividuals over 16 that are actively looking for
work Know other economic indicators: Inflation, balance of trade, balance of
payments, exchange rate, etc.
Question: Unit 1 x22000 Points
Government-set limit on the quantity of a
product that may be imported or exported within a given period
Answer: Unit 1 x22000 Points
What is a Quota
Know other trade terms such as Embargo, Free Trade Agreements, Tariff
Question: Hodgepodge200 Points
Name two benefits you can receive from
employment besides pay
Answer: Hodgepodge200 Points
What is Retirement funds,
insurance, free stuff (car, clothing, phone), etc.
Question: Hodgepodge400 Points
Is pasteurized milk A. Extraction and
CultivationB. Processing
C. Manufacturing
Answer: Hodgepodge400 Points
What isB. Processing
Question: Hodgepodge600 Points
All resources fall into three categoriesA. Capital B. HumanC. Natural
What would a building be considered?
Answer: Hodgepodge600 Points
What is A. Capital
Question: Hodgepodge800 Points
An economy in which goods and services are produced the
way they have always been produced.
Answer: Hodgepodge800 Points
What is a Traditional
Economy
Question: Hodgepodge2000 Points
Separate legal entity formed by documents filed with a
state, it is owned by one or more shareholders and managed by a board of
directors
Answer: Hodgepodge2000 Points
What is a Corporation
Final Jeopardy –Make your Wager
Final Jeopardy Question
List and explain three of the economic
indicators
Final Jeopardy AnswerWhat is
1. Unemployment rate2. Consumer spending / saving
3. Inflation / deflation4. Interest rate
5. Balance of trade / balance of payments
6. Exchange rate