Transcript Jeopardy Review Game Online

Sports
Entertainment
Economics
100
200
300
400
500
Risk
Business
Management
Concepts
100
200
300
400
500
100
200
300
400
500
Finances
100
200
300
400
500
Utility
100
200
300
400
Final
Jeopardy
The study of economics of
an entire society is refereed
to as…….
Macroeconomics
Revenues > Expenses
Profits
The amount of satisfaction
people believe they receive
from entertainment is
refereed to as…..
Economic Utility
What are the four types of
economic utility?
Form
Place
Possession
Time
making decisions to use
resources in ways that
result in the greatest
profit
Profit Motive
_______ is the
possibility of financial
loss or gain, or
personal injury.
Risk
This category of risk
includes environmental
conditions that cannot be
controlled.
Natural Risk
This classification of risk
involves a loss that can be
prevented or reduced in
frequency.
Controllable Risk
What are the three
major categories of
risk?
Natural
Human
Economic
This type of risk is used to
classify a chance that a loss
could occur but the dollar
amount cannot be
estimated.
Uninsurable risk
The money a
business receives
from the sale of
goods and services
Revenue
payment for
insurance
Premium
Costs only found at the
initial opening of a
business or operations
Start up costs
A planning tool for the
money to be spent
budget
a report developed to
predict the expenses
to be incurred and
revenues to be
received from an event
Forecast
_____________ studies the
relationships between
individual consumers and
producers.
Microeconomics
Funding a company in
exchange for owning a
part of the company
Venture capital
Building a company
without outside help or
assistance.
Bootstrapping
ROI stands for?
Return on Investment
The second greatest
source for finding
funding?
Families & Friends
Having products or
services available when
someone wants or
needs them is an
example of this type of
utility.
Time Utility
Changing a physical
characteristic of a product to
improve it, such as making
movies available in multiple
formats like HD, BlueRay, or
Imax, would be an example
of this type of utility.
Form Utility
Hold an event in a “cool”
location for customers to
attend would be an example
of this type of utility.
Place Utility
Matinee pricing, senior
discounts, and special
rates for students would
be an example of this
type of utility.
Possession Utility
Category
Franchise Owners
What is the maximum
number of shares a
person can own for the
Green Bay Packers?
2000