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TRANSCRIPT
Jeopardy
Chapter 1 Chapter 2 Motivation
At work
Functions
Of Fed Pricing
Q $100
Q $200
Q $300
Q $400
Q $500
Q $100 Q $100 Q $100 Q $100
Q $200 Q $200 Q $200 Q $200
Q $300 Q $300 Q $300 Q $300
Q $400 Q $400 Q $400 Q $400
Q $500 Q $500 Q $500 Q $500
Final Jeopardy
$100 Question from CH 1
The number one motivation of business
$100 Answer from CH1
Profit
$200 Question from Ch 1
The type of economic system where decisions are
made by the laws of supply and demand.
$200 Answer from CH 1
Market Economy
$300 Question from CH 1
What is the difference between a good and
A service.
$300 Answer from CH 1
Goods can be physically weighed or
Measured, where as services are tasks
That people or machines perform.
$400 Question from Ch 1
When deciding how to make
use of their resources nations
face the problem of???
$400 Answer from Ch 1
Scarcity
$500 Question from CH1
give an example of a public want and a private want.
$500 Answer from Ch 1
Public Want
Private wants
$100 Answer from Motivation At
Work
Why do business motivate
employees?
$100 Answer from Motivation At
Work
More Productive, Turnover
$200 Question from Motivation
At Work
This is the Theory that says people are lazy and work
Only for Money
$200 Answer from Motivation At
Work
Taylor
$300 Question from Motivation
At Work
Explain the Hawthorne Effect
$300 Answer from Motivation At
Work
The idea that workers are
Motivated by recognition
Given to them as a group
$400 Question from Motivation
At Work
What is a problem with Maslow’s Hierarchy?
$400 Answer from Motivation At
Work
Some levels do not exist for certain individuals
Hard to determine what level workers are at
$500 Question from Motivation
At Work
What are the two forms of control
In the X/Y method?
$500 Answer from Motivation At
Work
Carrot=
Stick=
$100 Question from FED and
Monetary Policy
This is the type of economy where
Decisions are made by a central authority
Such as the government
$100 Answer from FED and
Monetary Policy
Command Economy
$200 Question from FED and
Monetary Policy
Provide Two Tools
The Fed uses to Control
Money Supply
$200 Answer from FED and
Monetary Policy
1. Discount Rate
2. Reserve Requirement
3. Open Market Operations
$300 Question from FED and
Monetary Policy
Using the tool of the Discount Rate
What would the fed do if they wanted
To enact a tight policy
$300 Answer from FED and
Monetary Policy
They would raise the Discount Rate
$400 Question from H4
What might the FED do to the
Reserve Requirement to support
An easy policy
$400 Answer from FED and
Monetary Policy They would lower the Reserve Requirement
$500 Question from FED and
Monetary Policy
If the FED was Selling Bonds
Would this increase or decrease the
Money Supply.
$500 Answer from H4
This would decrease the Money Supply
$100 Question from CH 2
The two types of natural resources
$100 Answer from CH 2
Renewable and nonrenewable
$200 Question from Ch 2
Explain why competition is good for consumers.
$200 Answer from CH2
Higher Quality and Lower Prices
$300 Question from ch 2
The cost of making one choice over
another is called???
$300 Answer from CH 2
Opportunity Cost
$400 Question from CH 2
What would cause hyper inflation?
$400 Answer from H2
If the government just started
Printing money.
$500 Question from CH2
Provide one disadvantage of a
command economy
$500 Answer from CH2
No competition leads to lack of choice
And high prices
$100 Question Unit Three
This is the Theory that says people are lazy and work
Only for Money
$100 Answer from Unit Three
Taylor
$100 Question from Pricing
Strategies
Define Equilibrium Price
$100 Answer from Pricing
Strategies
Equilibrium Price- The market price at which the supply of an item equals the quantity demanded.
$200 Question from Pricing
Strategies
Why do companies use Pricing
Strategies?
$200 Answer from Pricing
Strategies
To achieve a specific marketing
Goal
$300 Question from Pricing
Strategies
This is the pricing strategy you would
Use to gain market share
$300 Answer from Pricing
Strategies
Penetration Pricing
$400 Question from Pricing
Strategies
used by firms that believe they have a
superior product that other firms do not
offer. High prices and high quality.
$400 Answer from Pricing
Strategies
Skimming
$500 Question from Pricing
Strategies
when stores set prices low sometimes
below cost. The idea is
that once in the store you will by other
items.
$500 Answer from Pricing
Strategies
Loss Leader Pricing
Final Jeopardy
When discussing Production Possibilities Curve, We
Talked about Guns and Butter.
What are these metaphors for??
Final Jeopardy Answer
Guns= Military Spending
Butter = Social Services
Topics not covered on
Jeopardy
Wants vs. Needs
The Business Cycle
Shark Tank Evaluation
Accounting Equation
Users of Financial
Documents
Creative Destruction
Business Ownership
Ad Techniques
Brand Extension vs. Co-
Branding
Primary vs. Secondary data