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Jeopardy

Chapter 1 Chapter 2 Motivation

At work

Functions

Of Fed Pricing

Q $100

Q $200

Q $300

Q $400

Q $500

Q $100 Q $100 Q $100 Q $100

Q $200 Q $200 Q $200 Q $200

Q $300 Q $300 Q $300 Q $300

Q $400 Q $400 Q $400 Q $400

Q $500 Q $500 Q $500 Q $500

Final Jeopardy

$100 Question from CH 1

The number one motivation of business

$100 Answer from CH1

Profit

$200 Question from Ch 1

The type of economic system where decisions are

made by the laws of supply and demand.

$200 Answer from CH 1

Market Economy

$300 Question from CH 1

What is the difference between a good and

A service.

$300 Answer from CH 1

Goods can be physically weighed or

Measured, where as services are tasks

That people or machines perform.

$400 Question from Ch 1

When deciding how to make

use of their resources nations

face the problem of???

$400 Answer from Ch 1

Scarcity

$500 Question from CH1

give an example of a public want and a private want.

$500 Answer from Ch 1

Public Want

Private wants

$100 Answer from Motivation At

Work

Why do business motivate

employees?

$100 Answer from Motivation At

Work

More Productive, Turnover

$200 Question from Motivation

At Work

This is the Theory that says people are lazy and work

Only for Money

$200 Answer from Motivation At

Work

Taylor

$300 Question from Motivation

At Work

Explain the Hawthorne Effect

$300 Answer from Motivation At

Work

The idea that workers are

Motivated by recognition

Given to them as a group

$400 Question from Motivation

At Work

What is a problem with Maslow’s Hierarchy?

$400 Answer from Motivation At

Work

Some levels do not exist for certain individuals

Hard to determine what level workers are at

$500 Question from Motivation

At Work

What are the two forms of control

In the X/Y method?

$500 Answer from Motivation At

Work

Carrot=

Stick=

$100 Question from FED and

Monetary Policy

This is the type of economy where

Decisions are made by a central authority

Such as the government

$100 Answer from FED and

Monetary Policy

Command Economy

$200 Question from FED and

Monetary Policy

Provide Two Tools

The Fed uses to Control

Money Supply

$200 Answer from FED and

Monetary Policy

1. Discount Rate

2. Reserve Requirement

3. Open Market Operations

$300 Question from FED and

Monetary Policy

Using the tool of the Discount Rate

What would the fed do if they wanted

To enact a tight policy

$300 Answer from FED and

Monetary Policy

They would raise the Discount Rate

$400 Question from H4

What might the FED do to the

Reserve Requirement to support

An easy policy

$400 Answer from FED and

Monetary Policy They would lower the Reserve Requirement

$500 Question from FED and

Monetary Policy

If the FED was Selling Bonds

Would this increase or decrease the

Money Supply.

$500 Answer from H4

This would decrease the Money Supply

$100 Question from CH 2

The two types of natural resources

$100 Answer from CH 2

Renewable and nonrenewable

$200 Question from Ch 2

Explain why competition is good for consumers.

$200 Answer from CH2

Higher Quality and Lower Prices

$300 Question from ch 2

The cost of making one choice over

another is called???

$300 Answer from CH 2

Opportunity Cost

$400 Question from CH 2

What would cause hyper inflation?

$400 Answer from H2

If the government just started

Printing money.

$500 Question from CH2

Provide one disadvantage of a

command economy

$500 Answer from CH2

No competition leads to lack of choice

And high prices

$100 Question Unit Three

This is the Theory that says people are lazy and work

Only for Money

$100 Answer from Unit Three

Taylor

$100 Question from Pricing

Strategies

Define Equilibrium Price

$100 Answer from Pricing

Strategies

Equilibrium Price- The market price at which the supply of an item equals the quantity demanded.

$200 Question from Pricing

Strategies

Why do companies use Pricing

Strategies?

$200 Answer from Pricing

Strategies

To achieve a specific marketing

Goal

$300 Question from Pricing

Strategies

This is the pricing strategy you would

Use to gain market share

$300 Answer from Pricing

Strategies

Penetration Pricing

$400 Question from Pricing

Strategies

used by firms that believe they have a

superior product that other firms do not

offer. High prices and high quality.

$400 Answer from Pricing

Strategies

Skimming

$500 Question from Pricing

Strategies

when stores set prices low sometimes

below cost. The idea is

that once in the store you will by other

items.

$500 Answer from Pricing

Strategies

Loss Leader Pricing

Final Jeopardy

When discussing Production Possibilities Curve, We

Talked about Guns and Butter.

What are these metaphors for??

Final Jeopardy Answer

Guns= Military Spending

Butter = Social Services

Topics not covered on

Jeopardy

Wants vs. Needs

The Business Cycle

Shark Tank Evaluation

Accounting Equation

Users of Financial

Documents

Creative Destruction

Business Ownership

Ad Techniques

Brand Extension vs. Co-

Branding

Primary vs. Secondary data