Jeopardy Unit 2 Business Foundations Business Foundations Small

Jeopardy ! Unit 2 Business Foundations

Business Foundations Small Business Ownership & Operations Organizational Structures 100 100 200 200 300 300 400 400 500 500 Final Jeopardy

Small Business 100 § a. b. c. d. A _______is a person who recognizes an opportunity and who organizes, manages, and assumes the risks of a business enterprise, with the intent of increasing the value of the business Risk taker Owner Partner entrepreneur

Small Business 100 § Virtual business

Small Business 200 § A person who likes to take chances a. b. c. d. Entrepreneur Business owner Risk taker partner

Small Business 200 § profit

Small Business 300 § A business started by someone who accepted the risk of starting and running a business is a a. corporation b. franchise c. partnership d. entrepreneurship

Small Business 300 § Small business

Global Awareness 400 § Name advantages and disadvantages of entrepreneurships

Small Business 400 § E-ticket

Small Business 500 A leadership style in which managers allow employees the freedom to decide how to do their work is called_____. a. Self-managed b. Autocratic c. Democratic d. Free-rein leadership

Small Business 500 § E-workforce

Business Ownership 100 § A_____is a business organization with two or more owners who share the risks and rewards. a. b. c. d. Sole proprietorship Partnership Franchiser retailer

Business Ownership 100 § corporation

Business Ownership 200 § A type of business that buys goods in large amounts and resells them to other businesses in smaller lots is called a. Wholesaler b. Sole proprietorship c. Corporation d. franchise

Business Ownership 200 § franchise

Business Ownership 300 a. b. c. d. _______ turn raw or processed goods into finished products. Processors Manufacturers Wholesaler retailer

Business Ownership 300 § Nonprofit organization

Business Ownership 400 Unlimited liability

Business Ownership 400 § stock

Business Ownership 500 A _____ buys and resells goods. • • Retailer Wholesaler Entrepreneur partner

Business Ownership 500 partnership

Organizational Structures 100 • • • Managers who carry out the decisions of top management Middle managers Lower level managers employees

Organizational Structures 100 § Line authority

Organizational Structures 200 § An organizational structure in which managers at the top of the line are in charge of those beneath them a. Top-level b. Lower-level

Organizational Structures 200 § Organizational chart

Organizational Structures 300 § a. b. c. Authority lies in one place decentralized democratic

Organizational Structures 300 § Decentralized organization

Organizational Structures 400 § A business plan that divides a company into different departments run by different managers a. Marketing plan b. Management plan c. Financial plan

Organizational Structures 400 § Autocratic leadership

Organizational Structures 500 § a. b. c. d. Holding principles like honesy, loyalty, and fairness is called Leadership Integrity Human relations communications

Organizational Structures 500 § E-commerce

Final Jeopardy Role of Government § The Essential Parts of a Business Plan