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

2. Final Jeopardy
Center
Right Side of Room
Center Back
Left Side of Room
Unit 1
Unit 2
Unit 3
Unit 1 x2
Hodgepodge
200
400
600
800
1000

3. An economy that is controlled by a central authority is known as
Question: Unit Points
An economy that is controlled by a central authority is known as

4. Know Market, Traditional, and Mixed
Answer: Unit Points
What is
Command Economy
Know Market, Traditional, and Mixed

5. What happens to price when supply goes down?
Question: Unit Points
What happens to price when supply goes down?

6. What is Goes up Answer: Unit 1 400 Points
Since price is up, demand goes down
Know the parts of a supply and demand graph

7. Question: Unit Points
Define GDP?

8. Answer: Unit Points
What is Total value of all final goods and services produced in a country during one year (Gross Domestic Product)

9. There are 4 parts of the business cycle, list them
Question: Unit Points
There are 4 parts of the business cycle, list them

10. What is Recession, Depression, Recovery, Peak
Answer: Unit Points
What is Recession, Depression, Recovery, Peak

11. What is the difference between a deficit and debt
Question: Unit Points
What is the difference between a deficit and debt

12. Deficit is a budget shortfall Debt is all money owed
Answer: Unit Points
What is
Deficit is a budget shortfall
Debt is all money owed
Surplus is if you have more money then you spend

13. Someone who takes a risk in starting a business to earn a profit
Question: Unit Points
Someone who takes a risk in starting a business to earn a profit

14. What is an Entrepreneur
Answer: Unit Points
What is an Entrepreneur

15. A business that is owned by two or more individual
Question: Unit Points
A business that is owned by two or more individual

16. What is a partnership Answer: Unit 2 400 Points
Know the other two types of business ownership: Corporation and Sole Proprietor

17. What is Michigan’s adult minimum wage?
Question: Unit Points
What is Michigan’s adult minimum wage?

18. Which would you be paid if they differ?
Answer: Unit Points
What is
$8.90
U.S. Minimum wage is $7.25
Which would you be paid if they differ?
The higher of the two

19. Name 3 of the 7 groups that are protected from discrimination
Question: Unit Points
Name 3 of the 7 groups that are protected from discrimination

20. What is Answer: Unit 2 800 Points 1. Age (over 40) 2. Race 3. Sex
Religion
4. National Origin
5. Disability
7. Pregnancy

21. Question: Unit Points
If a boss maintains tight control which leadership style are they using?

22. Tactical, Autocratic, Dictatorship
Answer: Unit Points
What is
Tactical, Autocratic, Dictatorship
Know the Others: Strategic or Participative, Delegate or Free Rein and Mixed or Situational

23. Explain the target market for the Ford Super duty truck
Question: Unit Points
Explain the target market for the Ford Super duty truck

24. What are Males, Middle Aged, Need to move lots of items, Have money
Answer: Unit Points
What are Males, Middle Aged, Need to move lots of items, Have money

25. Name two concerns new technology brings to business
Question: Unit Points
Name two concerns new technology brings to business

26. Security, injury, more specialty employees, etc.
Answer: Unit Points
What is
Security, injury, more specialty employees, etc.

27. Programs that run a computer and processes
Question: Unit Points
Programs that run a computer and processes

28. Answer: Unit Points
What is Software

29. What is the accounting equation
Question: Unit Points
What is the accounting equation

30. What is Assets = Liabilities + Owners Equity
Answer: Unit Points
What is Assets = Liabilities + Owners Equity

31. What are the three categories shown on the Income Statement
Question: Unit Points
What are the three categories shown on the Income Statement

32. What is Gross Income or Revenue Expenses Net Income or Earnings
Answer: Unit Points
What is Gross Income or Revenue Expenses Net Income or Earnings

33. Question: Unit 1 x2 200 Points
Which is the supply curve? A B

34. Answer: Unit 1 x2 200 Points
What is A

35. Question: Unit 1 x2 400 Points
What is a multinational corporation

36. What is A company that is in many countries
Answer: Unit 1 x2 400 Points
What is A company that is in many countries

37. Question: Unit 1 x2 600 Points
What are ethics?

38. What is Principles of morality or rules of conduct
Answer: Unit 1 x2 600 Points
What is Principles of morality or rules of conduct

39. Question: Unit 1 x2 800 Points
Define unemployment rate

40. Individuals over 16 that are actively looking for work
Answer: Unit 1 x2 800 Points
What is
Individuals over 16 that are actively looking for work
Know other economic indicators: Inflation, balance of trade, balance of payments, exchange rate, etc.

41. Question: Unit 1 x2 1000 Points
Government-set limit on the quantity of a product that may be imported or exported within a given period

42. Know other trade terms such as Embargo, Free Trade Agreements, Tariff
Answer: Unit 1 x Points
What is a Quota
Know other trade terms such as Embargo, Free Trade Agreements, Tariff

43. Question: Hodgepodge 200 Points
Name two benefits you can receive from employment besides pay

44. Answer: Hodgepodge 200 Points
What is Retirement funds, insurance, free stuff (car, clothing, phone), etc.

45. Question: Hodgepodge 400 Points
Name 2 ways you can improve leadership skills

46. Answer: Hodgepodge 400 Points
What is Practice, work with a good leader, take a class, read a book

47. Question: Hodgepodge 600 Points
All resources fall into three categories
Capital
Human
Natural
What would a building be considered?

48. Answer: Hodgepodge 600 Points
What is A. Capital

49. Question: Hodgepodge 800 Points
An economy in which goods and services are produced the way they have always been produced.

50. Answer: Hodgepodge 800 Points
What is a Traditional Economy

51. Question: Hodgepodge 1000 Points
Separate legal entity formed by documents filed with a state, it is owned by one or more shareholders and managed by a board of directors

52. Answer: Hodgepodge 1000 Points
What is a Corporation

53. Final Jeopardy – Make your Wager

54. Final Jeopardy Question
List and explain three of the economic indicators

55. What is Final Jeopardy Answer Unemployment rate
Consumer spending / saving
Inflation / deflation
Interest rate
Balance of trade / balance of payments
Exchange rate