Intro to Business Jeopardy!!!!

Chapter 5 Chapter 6 Chapter 7 Chapter 8 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: Chapter 5100 Points

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

Answer: Chapter 5100 Points

What is aFranchise

Question: Chapter 5200 Points

Short, specific written report of the reason a

business exists and what it wants to achieve

Answer: Chapter 5200 Points

What is a Mission statement

Question: Chapter 5300 Points

Agreement and layout of what each person will do

and who will have authority over others

Answer: Chapter 5300 Points

What isOrganizational

structure

Question: Chapter 5400 Points

There are three types of business ownership. Name

all of them

Answer: Chapter 5400 Points

What isProprietorship, Partnership, and

Corporation

Question: Chapter 5500 Points

Businesses involved in selling the goods and services of producers to consumers

Answer: Chapter 5500 Points

What areIntermediaries

Question: Chapter 6100 Points

Someone who takes a risk in starting a

business

Answer: Chapter 6100 Points

Who is anEntrepreneur

Question: Chapter 6200 Points

Written description of the business idea and how it will be

carried out

Answer: Chapter 6200 Points

What is a Business Plan

Question: Chapter 6300 Points

List at least three traits of successful entrepreneurs

Answer: Chapter 6300 Points

What areCompetitive, creative, energetic,

goal oriented, independent, inquisitive, persistent, reliable,

self-confadent

Question: Chapter 6400 Points

Ability to motivate individuals and groups to

accomplish goals

Answer: Chapter 6400 Points

What isleadership

Question: Chapter 6500 Points (Listed in detail in Ch 7)

Name 2 ways to improve leadership skills

Answer: Chapter 6500 Points

What areTake classes, work

with a leader, practice, read, etc.

Question: Chapter 7100 Points

Process of accomplishing the goals of an organization

through the effective use of people and other resources

Answer: Chapter 7100 Points

What ismanagement

Question: Chapter 7200 Points

Name and explain one of the four

management styles

Answer: Chapter 7200 Points

What is1. Autocratic: Dictator

2. Democratic: Get others input3. Free Rein: Trust others

4. Situational: Alter based on what is happening

Question: Chapter 7300 Points

If a manager is respected because of their position

they have what kind of influence

Answer: Chapter 7300 Points

What isFormal influence

Question: Chapter 7400 Points

There is 4 management levels, what are the

two center ones often called

Answer: Chapter 7400 Points

What is Middle Management

Question: Chapter 7500 Points

Managers have 5 functions, list 2 of them

Answer: Chapter 7500 Points

What is Planning, organizing, staffing, coordinating,

controlling

Question: Chapter 8100 Points

All people 16 and older that are

employed or are looking for work

Answer: Chapter 8100 Points

What is theWorkforce

Question: Chapter 8200 Points

Removing work from one area/company and sending to another

Answer: Chapter 8200 Points

What is Outsourcing

Question: Chapter 8300 Points

Environment in which people work, made up of atmosphere, behaviors,

beliefs, and relationships

Answer: Chapter 8300 Points

What isOrganizational Culture

Question: Chapter 8400 Points

Human resources have seven goals, name 2 of them

Answer: Chapter 8400 Points

What isID personnel needs, maintain supply of

people, match abilities with jobs, train and develop, develop plans to compensate, protect health of

employees, maintain productive and satisfying work environment

Question: Chapter 8500 Points

There are 7 protected groups from employment

discrimination, name 2 of them

Answer: Chapter 8500 Points

What isRace, religion, national

origin, disability, pregnancy, sex, age

Question: Hodgepodge100 Points

What is Michigan's minimum wage

Answer: Hodgepodge100 Points

What is $8.15

Federal is $7.25 – have to be paid higher of the two

Question: Hodgepodge200 Points

Principles of conduct governing an

individual or group

Answer: Hodgepodge200 Points

What is aCode of Ethics

Question: Hodgepodge300 Points

Name 2 benefits you may receive from a job besides pay and

experience

Answer: Hodgepodge300 Points

What isInsurance, retirement,

car, phone, clothing, travel, child care, etc.

Question: Hodgepodge400 Points

If you make 9 dollars an hour how much would you make

each hour of overtime

Answer: Hodgepodge400 Points

What is$13.50

Question: Hodgepodge500 Points

There are 6 basic business activities. List 2 of them

Answer: Hodgepodge500 Points

What isGenerate ideas, raise capital, employ

and train personnel, buy goods and services, market goods and services

(sell), maintain records

Final Jeopardy –Make your Wager

Final Jeopardy Question

Most countries are a mix of market and

command economies. Explain how each

works and why most are mixed.

Final Jeopardy Answer

What isCommand is where government

controls everything (schools, military) and Market is where

companies and supply & demand control everything