Jeopardy Chapter 1 and 2 Business Organization Ethics The Business Cycle Leadership and motivation Q $100 Q $200 Q $300 Q $400 Q $500 Q $100 Q $200 Q.

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Presentation transcript:

Jeopardy Chapter 1 and 2 Business Organization Ethics The Business Cycle Leadership and motivation Q $100 Q $200 Q $300 Q $400 Q $500 Q $100 Q $200 Q $300 Q $400 Q $500 Final Jeopardy

This type of company controls the entire production of a Certain good or service

What is a monopoly

These skills help managers Understand how different Parts of a business relate to One another.

What are Conceptual Skills

If a manager ensures the basic needs Of heating, lighting, and wages are Met before addressing higher level Needs of safety and security, she is Utilizing this theory of management

What is Abraham Maslow’s Hierarchy of Needs

This theory of management shows a Deeper concern for the well-being Of the employees by working and Making decisions as groups

What are Japanese Management Practices

This management practice almost cost Henry Ford his company as It kept him from allowing anyone To make even the most mundane Of decisions

What is Centralization

This term refers to any group that Engages in economic activity (wealth exchanged for goods and/or services)

What is a firm

High government fees, heavy regulation, Lack of privacy and a lack of control Are all disadvantages of this type of firm

What is a Corporation

This type of partnership allows every Partner to participate in management, While also leaving every partner Responsible for the debt incurred.

What is a General Partnership

This is a way of organizing and Representing a company’s assets with the goal of raising investments, or “Capital”

What are “Shares”

This type of firm is organized in a Very democratic manner, sometimes SO democratic that nothing gets done.

What is a co-operative

Financial reporting, political activities, product Safety and employment practices are some, though Not nearly all, of the things THIS is designed to articulate

What is a Code of Ethics

This refers to the obligation of businesses to take care of the society around Them.

What is Social Responsibility

This occurs when an employee has responsibilities Or loyalties to more than one employer allowing For the possibility of a situation in which the Employee will be forced to break the trust of one of His or her employers.

What is a conflict of interests

Firms will often engage in this activity In order to put on a positive face for The communities they operate in

What is Charity and/or Philanthropy

This management practice of the Early days of business didn’t Give a dang about employee’s Happiness or well-being.

What is Profit Maximization

This portion of the business cycle Is an extended slump, at least two Quarters (six months) in length

What is a recession

Positive developments like innovation or Marketing can cause this phase in an Industry’s business cycle

What is an expansionary phase

Negative things like incompetence, Lack of innovation, or scandal can cause an industry’s supply to do THIS, attempting to meet the demand

What is “Shrink”

A drastic expansion of an industry Is also known as this

What is a boom

Every industry is different but they All have these two things in common When it comes to their business cycles

What are periods of expansion And contraction

This type of leadership occurs When one person makes all the Decisions regardless of employee opinion

What is Autocratic leadership

This theory of motivation suggests that Positive and negative consequences Can teach employees how to behave Though the positive rewards work the best

What is Reinforcement Theory

These factors in Herzberg’s theory of motivation are mainly negative factors, taken for granted until something goes wrong.

What are Hygiene Factors

This management style is usually Championed by those who don’t Want to be in a position of authority And consequently, usually do a poor Job of being in charge.

What is Laissez-Faire Leadership

McClelland’s approach to motivation Assumes that employees are different People who are usually looking for either An opportunity to achieve something new, A certain level of power, or THIS

What is affiliation

Final Jeopardy The movie that probably only 3 people watched Two weeks ago defined THIS as a country Importing more than they export.

Final Jeopardy Answer What is a trade deficit!!!!