Collect into groups of 2-3 students and create a team name related to Small Business.
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Transcript of Collect into groups of 2-3 students and create a team name related to Small Business.
![Page 1: Collect into groups of 2-3 students and create a team name related to Small Business.](https://reader036.fdocuments.us/reader036/viewer/2022062518/56649dea5503460f94ae50df/html5/thumbnails/1.jpg)
Collect into groups of 2-3 students and create a team name related to Small Business.
Unit 2 Trivia – Small Business
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Each team will receive several small pieces of paper; write your name on each paper
There will be 3 rounds of questionsFirst round is 4 questions.
Each question can be worth 1, 3, 5, or 7 ptsYou cannot use a point value more than onceWrite your answer & point value to each question on a
paper and hand it inSecond round is 4 questions
Each question can be worth 2, 4, 6 or 8 ptsYou cannot use a point value more than onceWrite your answer & point value to each question on a
paper and hand it inThird round is one question and you BET YOUR POINTS
Instructions
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You have to assign each of your answers a point value of 1, 3, 5 or 7 points
Round 1
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This type of industry changes raw materials into more finished products. It usually is the second step in the supply chain. An example would be
turning raw sugar cane into pure sugar
Question 1: Supply Chain
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Processor
Answer
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This type of business ownership only has 1 business owner.
Question 2
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Sole Proprietor
Answer
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This area of the supply chain is when businesses make finished products out of processed goods.
Question 3: Supply Chain
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Manufacturers
Answer
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This is the value that businesses add to the cost of an item to make profit.
Question 4: Business Knowledge
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Mark-Up
Answer
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You have to assign each of your answers a point value of 2, 4, 6 or 8
Round 2
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The point where company’s sales equal the company’s expenses
Question 5: Business Organization
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Break-Even Point
Answer
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The store Macy’s, is know as what type of business?
Question 6: Supply Chain
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Retail Store
Answer
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What type of business operates to provide a service and not focused on profit?
Question 7: Business Knowledge
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Non-Profit Organization
Answer
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This is a company which purchases items from a manufacture and sells them to a retailer
Question 8: Business Information:
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Wholesaler/Distributor
Answer:
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Each team should know their total score. On the final question, you must bet the amount of points
you want to wager.
Final Round!!
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These 2 types of business ownerships have limited liability which only has the business assets
responsible and not personal assets (two answers)
Final Question: Please wager your points that you
want to bet.
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LLC and Corporation (Inc.)
Answer