Directions Each team will have a question to answer. Dollar amounts will increase by round. The group can use any materials to find answer-you must select one person to speak for the group, only their answer will count. If a team misses a question the next team will have a chance to steal it for double the points, and then also answer their question. The team with the most points wins!

Team 1 The stock that DOES NOT allow you to vote. A. Common $1,000,000 $500,000 $250,000 The stock that DOES NOT allow you to vote. $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 A. Common B. Corporate $400 $300 $200 C. Preferred D. Free $100

Team 2 A Business owned and run by one person? A. Corporation $1,000,000 $500,000 $250,000 $125,000 A Business owned and run by one person? $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 A. Corporation B. Sole Proprietor $400 $300 $200 C. Partnership D. Single Shop $100

Team 3 $1,000,000 $500,000 $250,000 A Merger that takes place when two or more firms that produce the same kind of product join forces. $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 A. Horizontal B. Conglomerate $400 $300 $200 C. Vertical D. General Merger $100

Team 1 $1,000,000 $500,000 $250,000 $125,000 Persons and organizations that use or represent the factors of production are known as. $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 A. Occupations B. Neutral $400 $300 $200 C. Capitalism D. Economic Institutions $100

Team 2 $1,000,000 $500,000 $250,000 $125,000 Benefits for Employees that include paid vacations, sick leave, retirement, and health/medical insurance. $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 A. Benefits B. General Benefits $400 $300 $200 C. Fringe Benefits D. Specialized Benefits $100

Team 3 The most common form of Partnership. A. Limited B. General $1,000,000 $500,000 $250,000 $125,000 The most common form of Partnership. $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 A. Limited B. General $400 $300 $200 C. Double D. Triple $100

Team 1 Unlimited liability is a bigger problem for who? A. Corporation $1,000,000 $500,000 $250,000 Unlimited liability is a bigger problem for who? $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 A. Corporation B. Partnership $400 $300 $200 C. Sole Proprietor D. Ms. McElroy $100

Team 2 $1,000,000 $500,000 $250,000 $125,000 A voluntary association that buys in bulk amounts of goods like food, clothes and sells it at a lower price to its members. $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 A. Consumer Co-op B. Privateer $400 $300 $200 C. Farmers market D. Sale $100

Team 3 $1,000,000 $500,000 $250,000 A corporation that has manufacturing operations in many different countries. $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 A. Neutral B. Global $400 $300 $200 C. International D. Multinational $100

Team 1 $1,000,000 $500,000 $250,000 $125,000 This non-profit organization aims to work for its members’ interest in various employment matters. $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 A. Representatives B. Labor Union $400 $300 $200 C. Insurance D. Government $100

Team 2 $1,000,000 $500,000 $250,000 $125,000 The Government plays an indirect role by regulating ____________. $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 A. Utilities B. Everything $400 $300 $200 C. People D. Schools $100

Team 3 Corporations must have an approved _______ to become corporate. $1,000,000 $500,000 $250,000 Corporations must have an approved _______ to become corporate. $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 A. Plan B. Business $400 $300 $200 C. Stock D. Charter $100

Team 1 When the court allows you to NOT pay some or all of your debts. $1,000,000 $500,000 $250,000 When the court allows you to NOT pay some or all of your debts. $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 A. Get out of jail free card B. Liability $400 $300 $200 C. Bankruptcy D. Bond $100

Team 2 $1,000,000 $500,000 $250,000 $125,000 A stock of finished goods and parts in reserve to satisfy customers or to keep production flowing smoothly. $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 A. Bulk B. Inventory $400 $300 $200 C. Surplus D. Extras $100

Team 3 $1,000,000 $500,000 $250,000 $125,000 Papers that state ahead of time how profits or losses are divided. $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 A. Pre-Nup B. Articles of Confederation $400 $300 $200 C. Articles of partnership D. Contract $100

Team 1 Many reasons for merging one being: A. Kill competition $1,000,000 $500,000 $250,000 Many reasons for merging one being: $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 A. Kill competition B. Efficiency $400 $300 $200 C.Get new/better product D. All of the above $100

Team 2 Diversification allows for _______ to be protected. A Profits $1,000,000 $500,000 $250,000 Diversification allows for _______ to be protected. $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 A Profits B. Stores $400 $300 $200 C. Products D. None of the above $100

Team 3 $1,000,000 $500,000 $250,000 Which of the following is an economic strength of Multinationals? $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 A. Exports scarce natural resources B. Spread Technology $400 $300 $200 C. Low wages to workers D. Takes jobs away from home $100

Team 1 $1,000,000 $500,000 $250,000 A ________ is set up/functions like a business, however, they seek no financial gain for their members. $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 A. Government B. Law Firm $400 $300 $200 C. Nonprofit Organization D. School $100

Team 2 $1,000,000 $500,000 $250,000 $125,000 The Better Business Bureau is a _____ that is sponsored by local businesses to provide general information on companies. $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 A. City Council B. Labor Union $400 $300 $200 C. Business Association D. Board of Directors $100

Team 3 The following is an example of a Professional Association. $1,000,000 $500,000 $250,000 $125,000 The following is an example of a Professional Association. $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 A. American Bar Association B. Bowling League $400 $300 $200 C. VFW D. Italian Club $100

Team 1 What % of Business is done by corporations? A. 92% B. 70% $1,000,000 $500,000 $250,000 $125,000 What % of Business is done by corporations? $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 A. 92% B. 70% $400 $300 $200 C. 90% D. 80% $100

Team 2 What does IPO stand for ? A. Initial Profit Offering $1,000,000 $500,000 $250,000 $125,000 What does IPO stand for ? $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 A. Initial Profit Offering B.Individual Profit Organization $400 $300 $200 C.Individual Product Offering D. Initial Public Offering $100

Team 3 Publicly held stocks can sell to who? A. Everyone $1,000,000 $500,000 $250,000 Publicly held stocks can sell to who? $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 A. Everyone B. Selected few $400 $300 $200 C. Nobody D. None of the Above $100

Team 1 Which is an example of a conglomerate? A. KFC+Taco Bell $1,000,000 $500,000 $250,000 Which is an example of a conglomerate? $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 A. KFC+Taco Bell B. DelMonte+Heinz $400 $300 $200 C. Yamaha D. All of the above $100

Team 2 Which is NOT an economic strength of a corporation. $1,000,000 $500,000 $250,000 Which is NOT an economic strength of a corporation. $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 A. Ease of raising financial capital B. Limited liability $400 $300 $200 C. Unlimited life D. Pays income taxes $100

Team 3 $1,000,000 $500,000 $250,000 A ____ is a written promise issued by a corporation to repay borrowed money at a later date. $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 A. Stock B. Bond $400 $300 $200 C. Charter D. Proxy $100

Team 1 $1,000,000 $500,000 $250,000 A business organization in which at least one partner is NOT active in the business is called: $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 A. Corporation B. Sole Proprietorship $400 $300 $200 C. Limited Partnership D. General Partnership $100

Team 2 The dollar amount you borrow is the _______. A. Principal $1,000,000 $500,000 $250,000 The dollar amount you borrow is the _______. $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 A. Principal B. Bond $400 $300 $200 C. Interest D. Charter $100

Team 3 $1,000,000 $500,000 $250,000 $125,000 The process of negotiating new contracts between management and employees is called ____. $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 A. Strategy Negotiations B. Labor Union $400 $300 $200 C. Collective Bargaining D. Mediation $100

Rules of a Tie No books/notes/help Leader must be able to answer on their own One question. . . If wrong team automatically loses. . . If right team automatically wins. Flip a coin to see who must answer first

Tie Breaker From chapter 1 what are the four factors of production? A. $1,000,000 $500,000 $250,000 $125,000 From chapter 1 what are the four factors of production? $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 A. B. $400 $300 $200 C. D. $100

Tie Breaker $1,000,000 $500,000 $250,000 $125,000 From chapter 2 who came up with the concept of Laissez-faire? $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 A. B. $400 $300 $200 C. D. $100

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