1. Business Education 9 Jeopardy Chapter 5 Review

2. Jeopardy Groups Olivia Z. Vanessa C. MichaelRileyOlivia S.HelenaBrendanJeremy ZsophiaMichelleChrisBrandon Janelle Vanessa G. ZackAlejandro PatriciaLeoT.J.Empty DawnChelseaJustinJackson JesseBillThomasBrian

3. Business Success Factors Affecting Business Success Economic Conditions Government Influence Business Failure $100 $200 $300 $400 $500

4. Business Success $100 What software company made a net profit of $9.4 billion (U.S.) in 2000? Microsoft

5. Business Success $200 Profit is also expressed as? Return on Sales

6. Business Success $300 What is the profit equation? Profit = Selling Price – Cost of Goods Sold – Expenses

7. Business Success $400 Henry Ford took advantage of what principle, which means the more products you can make using the same factory, the cheaper each product becomes? Economies of Scale

8. Business Success $500 Name one way you can measure the success of a business? Calculating profit, Employee Satisfaction, Contributions to the Community, Personal Satisfaction of the Owner or Operator

9. Factors Affecting Business Success $100 What company sold the most successful cap in Canada in 1998? Roots

10. Factors Affecting Business Success $200 No one can be successful in business unless they have the ability to what? Work well with others

11. Factors Affecting Business Success $300 What can be worked on to improve your personal business skills? Personal traits

12. Factors Affecting Business Success $400 Give one example of a personal factor that can lead to business success? Desire for Control, Vision, Passion, Perseverance, and Teamwork

13. Factors Affecting Business Success $500 What is another success factors other than the influence of the government that determines success in business? Economic conditions or personal factors

14. Economic Conditions $100 What Bank controls the money supply in Canada? The Bank of Canada

15. Economic Conditions $200 What measures the number of able-to-work people who don’t have jobs? Unemployment Rate

16. Economic Conditions $300 What is another name for a business that is barely competitive? Marginal businesses

17. Economic Conditions $400 What occurs when the price of many products goes up, while the purchasing power of money decreases? Inflation

18. Economic Conditions $500 The amount of a good that producers are allowed to supply is called what? Supply Quota

19. Government Influence $100 Give one example of a marketing board Milk, Egg, Chicken

20. Government Influence $200 Give one example of why we pay for taxes? Education, Health Care, etc

21. Government Influence $300 Does the government want control or no control of agriculture products? Control

22. Government Influence $400 What does Caveat Emptor mean? Let the buyer beware

23. Government Influence $500 What Act regulates door-to-door selling by providing a two-day cooling-off period? Consumer Protection Act

24. Business Failure $100 What is another name for retail giants? Big-box stores

25. Business Failure $200 What do accountants set when they want limits on the amount of money a business should spend on inventory? Budgets and buying quotas

26. Business Failure $300 Finish this saying… “Those who do not learn from past mistakes are bound to _________________ ______________” Repeat them

27. Business Failure $400 Business failure often results from a lack of one of the two major business skills __________________ Accounting or Marketing

28. Business Failure $500 At least half of the businesses in Canada go out of business before their ______________ year anniversary. Third