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