2. 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

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

4. What is a monopoly

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

6. What are Conceptual Skills

7. 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

8. What is Abraham Maslow’s Hierarchy of Needs

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

10. What are Japanese Management Practices

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

12. What is Centralization

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

14. What is a firm

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

16. What is a Corporation

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

18. What is a General Partnership

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

20. What are “Shares”

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

22. What is a co-operative

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

24. What is a Code of Ethics

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

26. What is Social Responsibility

27. 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.

28. What is a conflict of interests

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

30. What is Charity and/or Philanthropy

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

32. What is Profit Maximization

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

34. What is a recession

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

36. What is an expansionary phase

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

38. What is “Shrink”

39. A drastic expansion of an industry Is also known as this

40. What is a boom

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

42. What are periods of expansion And contraction

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

44. What is Autocratic leadership

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

46. What is Reinforcement Theory

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

48. What are Hygiene Factors

49. 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.

50. What is Laissez-Faire Leadership

51. 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

52. What is affiliation

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

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