Unit 1 Review

Post on 11-Jun-2015

93 views 2 download

Tags:

Transcript of Unit 1 Review

Jeopardy

KraftKraftAppleApple RIMRIM GoogleGoogle BombardierBombardier SonySony

100100

200200

300300

400400

500500

100100

200200

300300

400400

500500

100100

200200

300300

400400

500500

100100

200200

300300

400400

500500

100100

200200

300300

400400

500500

100100

200200

300300

400400

500500

Final Jeopardy

Category

Hmmnn,.question of the dayHmmnn,.question of the day

ReturnReturnReturnReturn

Name the types of business ownership.

Name the types of business ownership.

ReturnReturnReturnReturn

•Sole prop.

•Partnership

•Corporation

•Franchises

•Co-operatives

•Sole prop.

•Partnership

•Corporation

•Franchises

•Co-operatives

What is a pro and a con of sole proprietorship?

What is a pro and a con of sole proprietorship?

ReturnReturnReturnReturn

Answers varyAnswers vary

What is the difference between a co-op and a corporation?

What is the difference between a co-op and a corporation?

ReturnReturnReturnReturn

A.V.A.V.

Who manages a corporation?Who manages a corporation?

ReturnReturnReturnReturn

Board of directorsBoard of directors

What happens if I’m a shareholder of google and I

want to vote, but cannot attend.

What happens if I’m a shareholder of google and I

want to vote, but cannot attend.

ReturnReturnReturnReturn

proxyproxy

What is a partnership agreement? Do you have to

have one?

What is a partnership agreement? Do you have to

have one?

ReturnReturnReturnReturn

No.No.

What is a dividend?What is a dividend?

ReturnReturnReturnReturn

governancegovernance

What is unlimited liability?What is unlimited liability?

ReturnReturnReturnReturn

Personal assets can pay for debts if business assets don’t

cover them.

Personal assets can pay for debts if business assets don’t

cover them.

What is a disadvantage of a franchise?

What is a disadvantage of a franchise?

ReturnReturnReturnReturn

a.v.a.v.

A ‘member’ is a part of which business structure?

A ‘member’ is a part of which business structure?

ReturnReturnReturnReturn

Co-opCo-op

Name one problem with this classroom!

Name one problem with this classroom!

ReturnReturnReturnReturn

•Take your pick!•Take your pick!

What are some of the perks we learned about at google?

What are some of the perks we learned about at google?

ReturnReturnReturnReturn

Gym, cafeteria, hair cuts….Gym, cafeteria, hair cuts….

What is the difference between a need and a want? Give an

example.

What is the difference between a need and a want? Give an

example.

ReturnReturnReturnReturn

a.v.a.v.

What is a luxury good (in your opinion).

What is a luxury good (in your opinion).

ReturnReturnReturnReturn

Answers varyAnswers vary

What is the law of supply?What is the law of supply?

ReturnReturnReturnReturn

As price goes down, supply demanded goes down.

As price goes down, supply demanded goes down.

What is the law of demand?What is the law of demand?

ReturnReturnReturnReturn

•As price goes up, quantity demanded goes down.

•As price goes up, quantity demanded goes down.

What is a factor that would affect the demand curve for

chocolate milk?

What is a factor that would affect the demand curve for

chocolate milk?

ReturnReturnReturnReturn

•Answers vary•Answers vary

Come to the board and label the supply and demand curve. Mark

market equilibrium.

Come to the board and label the supply and demand curve. Mark

market equilibrium.

ReturnReturnReturnReturn

a.v.a.v.

Explain the concept of owning a ‘share’.

Explain the concept of owning a ‘share’.

ReturnReturnReturnReturn

a.v.a.v.

How many times can you vote if you have one share of google? How many times can you vote if you have one share of google?

ReturnReturnReturnReturn

onceonce