Collect into groups of 2-3 students and create a team name related to Small Business.

Unit 2 Trivia – Small Business

Each team will receive several small pieces of paper; write your name on each paper

There will be 3 rounds of questionsFirst round is 4 questions.

Each question can be worth 1, 3, 5, or 7 ptsYou cannot use a point value more than onceWrite your answer & point value to each question on a paper

and hand it inSecond round is 4 questions

Each question can be worth 2, 4, 6 or 8 ptsYou cannot use a point value more than onceWrite your answer & point value to each question on a paper

and hand it inThird round is one question and you BET YOUR POINTS

Instructions

You have to assign each of your answers a point value of 1, 3, 5 or 7 points

Round 1

This type of industry changes raw materials into more finished products. It usually is the second step in the supply chain. An example would be

turning raw sugar cane into pure sugar

Question 1: Supply Chain

Processor

Answer

This type of business ownership only has 1 business owner.

Question 2

Sole Proprietor

Answer

This area of the supply chain is when businesses make finished products out of processed goods.

Question 3: Supply Chain

Manufacturers

Answer

This is the value that businesses add to the cost of an item to make profit.

Question 4: Business Knowledge

Mark-Up

Answer

You have to assign each of your answers a point value of 2, 4, 6 or 8

Round 2

The point where company’s sales equal the company’s expenses

Question 5: Business Organization

Break-Even Point

Answer

The store Macy’s, is know as what type of business?

Question 6: Supply Chain

Retail Store

Answer

What type of business operates to provide a service and not focused on profit?

Question 7: Business Knowledge

Non-Profit Organization

Answer

This is a company which purchases items from a manufacture and sells them to a retailer

Question 8: Business Information:

Wholesaler/Distributor

Answer:

Each team should know their total score. On the final question, you must bet the amount of points

you want to wager.

Final Round!!

These 2 types of business ownerships have limited liability which only has the business assets

responsible and not personal assets (two answers)

Final Question: Please wager your points that you

want to bet.

LLC and Corporation (Inc.)

Answer