entrepreneurship jeopardy: be the e. instructions go to slide #3 (the jeopardy board) and...
TRANSCRIPT
Entrepreneurship Jeopardy:
Be the “E”
Instructions
• Go to slide #3 (the jeopardy board) and participant selects dollar amount
• After clicking on dollar amount the answer will appear
• Participant gives the question and moderator does a left click on the mouse to see if they are correct
• To return to jeopardy board for the next round right click, click on go, then click by title, and select slide three
$2
$5
$10
$20
$1
$2
$5
$10
$20
$1
$2
$5
$10
$20
$1
$2
$5
$10
$20
$1
$2
$5
$10
$20
$1
Love It Plan It Do It Be the E
Name of the person who starts a business
Who is an entrepreneur?
A plan on paper that controls spending
What is a budget?
The cash investment needed to start a business is called
What is start up cost?
Desire for a good or service
What is a demand/want?
Ways to get money to start a business(name at least two)
What are personal savings, friends, relatives, banks/credit unions, SBA loans, or venture
capital programs?
Written document that describes how you will operate your business
What is a business plan?
Laws that protect young people from being exploited as workers
What are Child Labor Laws?
Piece of paper that tells the customer how much they owe
What is an invoice?
The sale of one’s time, skills, or expertise…hint: if it is not a good it is a _____
What is a service?
Small companies are responsible for
a. 20-50 % of salesor
b. 50-75% of sales
What is b.52% of sales come from small businesses
Type of taxes you collect from your customers
What are sales tax?
A promise to replace something if it does not work
What is a guarantee?
A special event to celebrate the beginning of a business
What is a grand opening?
An evaluation/study of an idea to determine if it will work
What is a feasibility study?
Percent of businesses owed by women is a. 55%b. 34%c. 75%
What is b. 34%
A person who buys something from a business
Who is a customer?
Telling people about your business is called
What is marketing?
The cost to produce a product or service
What is overhead?
Limited resources versus unlimited wants
What is scarcity?
The total amount of income before taxes
What is gross income?
One way to best advertise a youth owned business
What are signs, flyers, and business cards?
Another term for a product
What is a good?
The name for the type of business owned by one person
What is a sole proprietorship?
A fee for the support of federal programs and is a payroll
deduction
What is federal income tax?
Subtracting deductions from your paycheck leaves you with this
What is net income?
Created a computer business while in the first semester of
college
Who is Bill Gates?