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