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Business Terms Jeopardy

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  • A person who starts his own business
    Entrepreneur
    Corporation
    Partnership
    Sole Proprietor
  • Economic activity concerned with the processing of raw materials and manufacture of goods in factories
    Corporation
    Economy
    Geography
    Industry
  • The money does not differ when paid. It normally stays to the same amount
    Cost of Goods Sold
    Fixed Expenses
    Financial Expenses
    Operating Expenses
  • Someone's past experience with jobs or a job and other specific information about your knowledge, etc.
    Resume
    Cover letter
    Skills
    Entrepreneur
  • A business that is owned by a single/ one person
    Partnership
    Corporations
    Sole Proprietorship
    S Corporations
  • When a company is in debt and can't pay their bills. They most likely will declare?
    Bankruptcy
  • A letter that helps the interview understand more about yourself
    Love Letter
    Employment Letter
    Cover letter
    Business Letter
  • NASDAQ and NYSE are two largest ______ in the U.S.
    companies
    corporation
    business
    stock exchanges
  • What is an income earned from the sale of goods or services?
    Gross Profit
    Expenses
    Revenue
    Profit
  • Goods produced or manufactured in the country with national or nationalized raw materials
    Non domestic goods
    Domestic goods
    Public goods
    Home goods
  • The production of large quantities of a standardized article (often using assembly line techniques)
    Service Production
    Job Production
    Mass Production
    Batch Production
  • What do you call a short summary of your business that provides important detail to attract buyers and investors?
    Elevator Pitch
    Business Pitch
    Curveball Pitch
    Baseball Pitch
  • A legal entity that is separate and distinct from its owners
    corporation
    board of directors
    shareholders
    subsidiaries
  • Materials or substances such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain.
    Inventory
    Natural Resources
    Agriculture
    Raw Materials
  • The final reward that a business earns in sales (revenue) minus expenses is called?
    Profit
  • The management of large amounts of money, by governments or large companies are called?
    economic growth
    finance
    corporation
    accounting
  • What is my dogs name?
    Benji
  • 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
  • Something a person or company owes, usually a sum of money
    Liability
  • Goods produced or manufactured out of the country and imported
    Consumer goods
    Foreign goods
    Public goods
    Domestic goods
  • What do you call an estimate of income and expenditure for a set period of time
    budget
  • 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
  • 2 different business that come together and both have an even share on things
    Partnership
  • What has a face and two hands but no arms or legs?
    A clock
  • The reduction of jobs permanently means
    Oversizing
    Upsizing
    High pressure sizing
    Downsizing
  • The balance sheet documents a company's financial health at specific points in time. What is the accounting equation?
    Asset = Liabilities - Expense
    Asset = Liabilities + Equity
    Asset = Liabilities + Expense
    Asset = Liabilities - Equity
  • A stock of a resource from which a person or place can be provided by the necessary amount of that resource
    want
    supply
    need
    demand
  • Nations that are behind in technology and industrial revolution
    Second World
    Fourth World
    Third World
    First World