Business Terms Jeopardy | Baamboozle - Baamboozle

What has a face and two hands but no arms or legs?

A clock

What is my dogs name?

Benji

What is an income earned from the sale of goods or services?

Revenue

Profit

Gross Profit

Expenses

Something a person or company owes, usually a sum of money

Liability

A person who starts his own business

Entrepreneur

Corporation

Sole Proprietor

Partnership

The reduction of jobs permanently means

Downsizing

Oversizing

High pressure sizing

Upsizing

The production of large quantities of a standardized article (often using assembly line techniques)

Mass Production

Job Production

Service Production

Batch Production

Goods produced or manufactured out of the country and imported

Foreign goods

Domestic goods

Public goods

Consumer goods

Goods produced or manufactured in the country with national or nationalized raw materials

Domestic goods

Home goods

Non domestic goods

Public goods

The total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.

GDP

What do you call a short summary of your business that provides important detail to attract buyers and investors?

Business Pitch

Elevator Pitch

Baseball Pitch

Curveball Pitch

The money does not differ when paid. It normally stays to the same amount

Fixed Expenses

Cost of Goods Sold

Financial Expenses

Operating Expenses

What do you call an estimate of income and expenditure for a set period of time

budget

When a company is in debt and can't pay their bills. They most likely will declare?

Bankruptcy

A group of people that have been identified as the most likely potential customers for a product because of their shared characteristics such as age, income, and lifestyle

Target Market

A legal entity that is separate and distinct from its owners

corporation

shareholders

board of directors

subsidiaries

A business that is owned by a single/ one person

Sole Proprietorship

Partnership

Corporations

S Corporations

2 different business that come together and both have an even share on things

Partnership

A letter that helps the interview understand more about yourself

Cover letter

Love Letter

Business Letter

Employment Letter

Someone's past experience with jobs or a job and other specific information about your knowledge, etc.

Resume

Cover letter

Skills

Entrepreneur

Materials or substances such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain.

Natural Resources

Agriculture

Raw Materials

Inventory

Economic activity concerned with the processing of raw materials and manufacture of goods in factories

Industry

Corporation

Geography

Economy

Nations that are behind in technology and industrial revolution

Third World

Second World

First World

Fourth World

A stock of a resource from which a person or place can be provided by the necessary amount of that resource

supply

demand

want

need

The management of large amounts of money, by governments or large companies are called?

finance

accounting

corporation

economic growth

The balance sheet documents a company's financial health at specific points in time. What is the accounting equation?

Asset = Liabilities + Equity

Asset = Liabilities + Expense

Asset = Liabilities - Equity

Asset = Liabilities - Expense

NASDAQ and NYSE are two largest ______ in the U.S.

stock exchanges

corporation

companies

business

The final reward that a business earns in sales (revenue) minus expenses is called?

Profit