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LET’S PLAY JEOPARDY!!. Jeopardy. Understanding Business. Business and the Consumer. Business and the Community. Pot- Purri. Starting a Business. Q $100. Q $100. Q $100. Q $100. Q $100. Q $200. Q $200. Q $200. Q $200. Q $200. Q $300. Q $300. Q $300. Q $300. Q $300. Q $400.
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Jeopardy Understanding Business Business and the Consumer Business and the Community Pot-Purri Starting a Business Q $100 Q $100 Q $100 Q $100 Q $100 Q $200 Q $200 Q $200 Q $200 Q $200 Q $300 Q $300 Q $300 Q $300 Q $300 Q $400 Q $400 Q $400 Q $400 Q $400 Q $500 Q $500 Q $500 Q $500 Q $500 Final Jeopardy
$100 Question from Understanding Business • What we call people who • buy goods and services?
$100 Answer from Understanding Business Consumers
$200 Question from Understanding Business • What is the difference between • goods and services?
$200 Answer from Understanding Business Goods are TANGIBLE products and services are INTANGIBLE products.
$300 Question from Understanding Business • Name the 3 kinds of • economic resources.
$300 Answer from Understanding Business Natural Resources, Capital Resources, and Human Resources
$400 Question from Understanding BusinessDOUBLE JEOPARDY What do we call a person who takes a risk and starts a business?
$400 Answer from Understanding Business Entrepreneur
$500 Question from Understanding Business What is the Law of Supply?
$500 Answer from Understanding Business The economic principle that supply goes up when prices go up, and comes down when prices come down.
$100 Question from Business and the Consumer • True or False: • Price is the only factor • to consider when making • a consumer choice.
$200 Question from Business and the Consumer Purchasing a certain style of clothes just because everyone else is buying that style is and example of _________
$200 Answer from Business and the Consumer A Current Trend or Peer Pressure
$300 Question from Business and the Consumer • Food, Hospitals, water andHouses • What do these three • things have in common.
$300 Answer from Business and the Consumer • They are essential • goods and services.
$400 Question from Business and the Consumer What is an Interception rate?
$400 Answer from Business and the Consumer The average amount of time a customer will spend with a salesperson in a store.
$500 Question from Business and the Consumer Give an example of how The safety of a product affects demand?
$500 Answer from Business and the Consumer Mr Mantha to determine the correct answer
$100 Question from Starting a BusinessDOUBLE JEOPARDY Money is a capital resource needed to start a business. What are the two ways a company can finance itself to start.
$100 Answer from Starting a Business Debt Financing & Equity Financing
$200 Question from Starting a Business Name the type of business ownership where two or more individuals who want to share the cost and responsibilities of running it.
$200 Answer from Starting a Business Partnership
$300 Question from Starting a Business • What do we call a person who • purchases a franchise?
$300 Answer from Starting a Business A franchisee
$400 Question from Starting a Business • What are two • disadvantages • of owning a sole • proprietorship?
$400 Answer from Starting a Business Unlimited Liability, Financing may be difficult, Owner may not be familiar with all spects of business.
$500 Question from Starting a Business • True or False: • Monopolies encourage • competition
$100 Question from Starting a Business What are the three types of businesses?
$100 Answer from Starting a Business Manufacturing business, Service business, Merchandising (retail) business
$200 Question from Business and the CommunityDOUBLE JEOPARDY The name of the economic system in which the government owns and controls the resources and makes all decision making.
$200 Answer from Business and the Community Pure Command Economy
$300 Question from Business and the Community The term used to when a publicly owned business is sold to the private sector
$300 Answer from Business and the Community Privatization
$400 Question from Business and Community True or False: There is usually an increase in job opportunities during the recession phase of a business cycle.
$500 Question from Starting a Business The term used when a privately owned business is sold to the public sector
$500 Answer from Starting a Business Nationalization
$100 Question from Pot-Purri What are the names of the three economic resources?
$100 Answer from Pot-Purri Capital resources, natural resources, and human resources.
$200 Question from Pot-Purri Is Starbucks a franchise?
$200 Answer from Pot-Purri No, Starbucks is a public corporation which does not franchise their product/name.
$300 Question from Pot-Purri What are some possible negative impacts of business on the community?
$300 Answer from Pot-Purri Answers may vary. May include ideas of pollution and/or social issues.
$400 Question from Pot-Purri • How many sisters does Mr Mantha have?
