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Business Education 9 Jeopardy

Business Education 9 Jeopardy. Chapter 5 Review. Jeopardy Groups. Business Success $100. What software company made a net profit of $9.4 billion (U.S.) in 2000? Microsoft. Business Success $200. Profit is also expressed as? Return on Sales. Business Success $300.

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Business Education 9 Jeopardy

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  1. Business Education 9 Jeopardy Chapter 5 Review

  2. Jeopardy Groups

  3. Business Success $100 • What software company made a net profit of $9.4 billion (U.S.) in 2000? • Microsoft

  4. Business Success $200 • Profit is also expressed as? • Return on Sales

  5. Business Success $300 • What is the profit equation? • Profit = Selling Price – Cost of Goods Sold – Expenses

  6. Business Success $400 • Henry Ford took advantage of what principle, which means the more products you can make using the same factory, the cheaper each product becomes? • Economies of Scale

  7. Business Success $500 • Name one way you can measure the success of a business? • Calculating profit, Employee Satisfaction, Contributions to the Community, Personal Satisfaction of the Owner or Operator

  8. Factors Affecting Business Success$100 • What company sold the most successful cap in Canada in 1998? • Roots

  9. Factors Affecting Business Success$200 • No one can be successful in business unless they have the ability to what? • Work well with others

  10. Factors Affecting Business Success$300 • What can be worked on to improve your personal business skills? • Personal traits

  11. Factors Affecting Business Success$400 • Give one example of a personal factor that can lead to business success? • Desire for Control, Vision, Passion, Perseverance, and Teamwork

  12. Factors Affecting Business Success$500 • What is another success factors other than the influence of the government that determines success in business? • Economic conditions or personal factors

  13. Economic Conditions$100 • What Bank controls the money supply in Canada? • The Bank of Canada

  14. Economic Conditions$200 • What measures the number of able-to-work people who don’t have jobs? • Unemployment Rate

  15. Economic Conditions$300 • What is another name for a business that is barely competitive? • Marginal businesses

  16. Economic Conditions$400 • What occurs when the price of many products goes up, while the purchasing power of money decreases? • Inflation

  17. Economic Conditions$500 • The amount of a good that producers are allowed to supply is called what? • Supply Quota

  18. Government Influence$100 • Give one example of a marketing board • Milk, Egg, Chicken

  19. Government Influence$200 • Give one example of why we pay for taxes? • Education, Health Care, etc

  20. Government Influence$300 • Does the government want control or no control of agriculture products? • Control

  21. Government Influence$400 • What does Caveat Emptor mean? • Let the buyer beware

  22. Government Influence$500 • What Act regulates door-to-door selling by providing a two-day cooling-off period? • Consumer Protection Act

  23. Business Failure$100 • What is another name for retail giants? • Big-box stores

  24. Business Failure$200 • What do accountants set when they want limits on the amount of money a business should spend on inventory? • Budgets and buying quotas

  25. Business Failure$300 • Finish this saying… “Those who do not learn from past mistakes are bound to _________________ ______________” • Repeat them

  26. Business Failure$400 • Business failure often results from a lack of one of the two major business skills __________________ • Accounting or Marketing

  27. Business Failure$500 • At least half of the businesses in Canada go out of business before their ______________ year anniversary. • Third

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