business2 final review

Powerpoint JeopardyUnit 11 – 13

Advertising/Accounting

Unit 14 – 19

Banking/Economics

Unit 20 – 22

Employment/Government

Unit 23 – 25

Taxation/Exchange/

Business Cycle

Unit 26 – 30Keynesianism/Monetarism/

Trade/Ecology/IT/Entrepreneurs

10 10 10 10 10

20 20 20 20 20

30 30 30 30 30

40 40 40 40 40

50 50 50 50 50

Choosing to spend the same amount on advertising as one’s competitors is called the ________ __________ method.

All the money that a company will have to pay to someone else in the future, including taxes, debts, and interest on mortgage payments is:

a)overheadb)turnoverc)liabilitiesd)accounts payable

Using all available accounting procedures and tricks to disguise the true financial position of a company is called ________ ____________.

Talk about 2 different forms of advertising.

Explain what the Four Ps of the ‘marketing mix’ are. Talk about some promotional tools mentioned in the textbook.

A loan, usually to buy property, which serves as a security for the loan is called a ____________.

What is the difference between these types of integration?-horizontal-vertical-forward-backward

Bondholders can:a)only get their money back when the bond matures.b)get their money back at any timec)try to get their money back at any timed)never get their money back

Describe the three positions companies hold in terms of market share.

Describe the main features of:Hedging/SpeculatingFuturesOptionsSwaps

What is tenure?

According to the article “The Truth About Work,” differences in job tenure exist because of:a)globalization and mass redundanciesb)the countercyclical nature of employment against the business cyclec)various technological changesd)a lack of work ethic

Match up:1.ailments2.physician3.to coerce4.to resort to force

a) to compel people to do something against their will

b) a medical doctorc) to use violenced) (non-serious) illness

1) Institutions that provide help for people in need are: ____________

2) Government spending designed to achieve a condition of general well being is: ____________.

3) An economic system in which anyone can attemept to raise capital, form a business, and offer goods or services is: __________.

4) Complying with or following the rules is: __________.

According to Friedman’s article “The Right to Choose,” has the role of the government expanded too far or not enough?

A country offering very low tax rates to foreign businesses is called a: ____________.

Reducing the amount of tax you pay to a LEGAL minimum is called:a)creative accountingb)tax avoidancec)tax evasiond)soju

Match up:1.Market forces2.To “peg” a currency3.Speculators buy/sell currencies in order to

a) the determination of price by supply and demand

b) fix its value in relation to it

c) make a profit by making capital gains/by investing at higher interest rates

Give some arguments that are FOR taxation and government spending and AGAINST taxation and government spending.

Describe the business cycle and why it exists.

The (impossible) situation in which a country is completely self-sufficient and has no foreign trade is called: _________.

Which of the following is NOT a part of a typical business plan?a)competitionb)finance neededc)managementd)hierarchy

How is free trade disruptive?

From the article “Battle Stations” what does the author believe will happen with the IT revolution? Is he optimistic?

What is the difference between Keynesianism and Monetarism?