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

Intro to BusinessFinal

Jeopardy!!!!Matching Review

The final is 120 pointsMixture of Matching, Mini Matching, and Short Answer

Unit 1 Unit 2 Unit 3 Unit 3 x2 Hodgepodge

100 100 100 100 100

200 200 200 200 200

300 300 300 300 300

400 400 400 400 400

500 500 500 500 500

Right Side of Room Center Left Side of Room

Final Jeopardy

Question: Unit 1100 Points

Restrictions to Trade

Answer: Unit 1100 Points

What is a Trade Barrier

Know the different ones; quota, embargo, tariff

Question: Unit 1200 Points

Goods and services sold to other

countries

Answer: Unit 1200 Points

What areExports

Import: Goods and services bought from other countries

Question: Unit 1300 Points

Situation in which a country specializes in the

production of a good or service at which it is

relatively more efficient

Answer: Unit 1300 Points

What isComparative Advantage

Absolute Advantage: Situation where a country can produce a good or service at a lower cost than other

countries

Question: Unit 1400 Points

Protection of the creative work of

authors, composers, and

artists

Answer: Unit 1400 Points

What isCopyright

Also know patent and trademark

Question: Unit 1500 Points

Value of the next-best alternative that you were

not able to choose

Answer: Unit 1500 Points

What is Opportunity Cost

Question: Unit 2100 Points

Written description of the business idea and how it

will be carried out

Answer: Unit 2100 Points

What is aBusiness Plan

Question: Unit 2200 Points

Power based on a leader’s position within the formal

structure

Answer: Unit 2200 Points

What is Formal Influence

Know Informal Influence: Power resulting from the personal characteristics of a leader

Question: Unit 2300 Points

Precise statement of results the business or individual expects to

achieve

Answer: Unit 2300 Points

What isGoals

Question: Unit 2400 Points

Written contract granting permission to operate a business to sell products and services in a

set way

Answer: Unit 2400 Points

What is a Franchise

Question: Unit 2500 Points

Environment in which people work , made up of the

atmosphere, behaviors, beliefs, and relationships

Answer: Unit 2500 Points

What isOrganizational

Culture

Question: Unit 3100 Points

Amount of money available to the

business after all costs and expenses

have been paid

Answer: Unit 3100 Points

What isProfit

Question: Unit 3200 Points

Any form of communication used to inform, persuade,

or remind

Answer: Unit 3200 Points

What isPromotion

Question: Unit 3300 Points

The activity, set of institutions, and processes for creating,

communicating, delivering, and exchanging offerings that have

value for customers, clients, partners and society at large

Answer: Unit 3300 Points

What is Marketing

Question: Unit 3400 Points

Combining raw materials and

processed goods into finished products

Answer: Unit 3400 Points

What isManufacturing

Question: Unit 3500 Points

Managing the acquisition, movement, and storage of supplies, materials,

and finished products in a business

Answer: Unit 3500 Points

What is Logistics

Question: Unit 3 x2100 Points

Detailed plans for the financial needs of

individuals, families, and businesses

Answer: Unit 3 x2100 Points

What is aBudget

Question: Unit 3 x2200 Points

Best practices among all

competitors

Answer: Unit 3 x2200 Points

What is Benchmarks

Question: Unit 3 x2300 Points

Financial documents that are used to record and

analyze the financial performance of a business

Answer: Unit 3 x2300 Points

What are Financial Records

Question: Unit 3 x2400 Points

Differences between actual and budgeted

performance

Answer: Unit 3 x2400 Points

What areDiscrepancies

Question: Unit 3 x2500 Points

Company’s plan that identifies how it will

use marketing to achieve its goals

Answer: Unit 3 x2500 Points

What is Marketing Strategy

Question: Hodgepodge100 Points

Things necessary to live

Answer: Hodgepodge100 Points

What are Needs

Know Wants

Question: Hodgepodge200 Points

Set of promotional activities designed to obtain sales in

the retail setting

Answer: Hodgepodge200 Points

What isMerchandising

Question: Hodgepodge300 Points

Specific study of a job to identify in detail the job

duties and skill requirements

Answer: Hodgepodge300 Points

What is Job Analysis

Question: Hodgepodge400 Points

Physical conditions and the psychological atmosphere in

which employees work

Answer: Hodgepodge400 Points

What isWork Environment

Question: Hodgepodge500 Points

Ability to motivate individuals and groups to accomplish

important goals

Answer: Hodgepodge500 Points

What isLeadership

Final Jeopardy –Make your Wager

Final Jeopardy Question

List and explain three of the economic

indicators

Final Jeopardy Answer

What is1. Unemployment rate

2. Consumer spending / saving

3. Inflation / deflation4. Interest rate