2. 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!

3. 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

4. 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

5. 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

6. 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

7. 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

8. 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

9. 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

10. 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

11. 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

12. 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

13. 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

14. 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

15. 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

16. 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

17. 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

18. 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

19. 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

20. 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

21. 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

22. 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

23. 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

24. 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

25. 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

26. 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

27. 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

28. 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

29. 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

30. 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

31. 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

32. 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

33. 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

34. 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

35. 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

36. Congratulations, You Just Won