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

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

Question: Unit 1 100 Points Restrictions to Trade

Know the different ones; quota, embargo, tariff Answer: Unit 1 100 Points What is a Trade Barrier Know the different ones; quota, embargo, tariff

Goods and services sold to other countries Question: Unit 1 200 Points Goods and services sold to other countries

Import: Goods and services bought from other countries Answer: Unit 1 200 Points What are Exports Import: Goods and services bought from other countries

Question: Unit 1 300 Points Situation in which a country specializes in the production of a good or service at which it is relatively more efficient

Comparative Advantage Answer: Unit 1 300 Points What is Comparative Advantage Absolute Advantage: Situation where a country can produce a good or service at a lower cost than other countries

Protection of the creative work of authors, composers, and artists Question: Unit 1 400 Points Protection of the creative work of authors, composers, and artists

Also know patent and trademark Answer: Unit 1 400 Points What is Copyright Also know patent and trademark

Value of the next-best alternative that you were not able to choose Question: Unit 1 500 Points Value of the next-best alternative that you were not able to choose

What is Opportunity Cost Answer: Unit 1 500 Points What is Opportunity Cost

Question: Unit 2 100 Points Written description of the business idea and how it will be carried out

Answer: Unit 2 100 Points What is a Business Plan

Power based on a leader’s position within the formal structure Question: Unit 2 200 Points Power based on a leader’s position within the formal structure

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

Question: Unit 2 300 Points Precise statement of results the business or individual expects to achieve

Answer: Unit 2 300 Points What is Goals

Question: Unit 2 400 Points Written contract granting permission to operate a business to sell products and services in a set way

Answer: Unit 2 400 Points What is a Franchise

Question: Unit 2 500 Points Environment in which people work , made up of the atmosphere, behaviors, beliefs, and relationships

What is Organizational Culture Answer: Unit 2 500 Points What is Organizational Culture

Question: Unit 3 100 Points Amount of money available to the business after all costs and expenses have been paid

Answer: Unit 3 100 Points What is Profit

Any form of communication used to inform, persuade, or remind Question: Unit 3 200 Points Any form of communication used to inform, persuade, or remind

Answer: Unit 3 200 Points What is Promotion

Question: Unit 3 300 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

Answer: Unit 3 300 Points What is Marketing

Combining raw materials and processed goods into finished products Question: Unit 3 400 Points Combining raw materials and processed goods into finished products

Answer: Unit 3 400 Points What is Manufacturing

Question: Unit 3 500 Points Managing the acquisition, movement, and storage of supplies, materials, and finished products in a business

Answer: Unit 3 500 Points What is Logistics

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

Answer: Unit 3 x2 100 Points What is a Budget

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

Answer: Unit 3 x2 200 Points What is Benchmarks

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

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

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

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

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

Answer: Unit 3 x2 500 Points What is Marketing Strategy

Question: Hodgepodge 100 Points Things necessary to live

Answer: Hodgepodge 100 Points What are Needs Know Wants

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

Answer: Hodgepodge 200 Points What is Merchandising

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

Answer: Hodgepodge 300 Points What is Job Analysis

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

Answer: Hodgepodge 400 Points What is Work Environment

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

Answer: Hodgepodge 500 Points What is Leadership

Final Jeopardy – Make your Wager

Final Jeopardy Question List and explain three of the economic indicators

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