Greek Jeopardy

Final JeopardyCategory

Types of Business$200$400$600$800$1000$200$400$600$800$1000$200$400$600$800$1000$200$400$600$800$1000

Costs of a BusinessMath CalculationsFinancial StatementsFinal Exam Questions$200$400$600$800$1000$200$400$600$800$1000$200$400$600$800$1000$200$400$600$800$1000Costs of a BusinessMath CalculationsFinancial StatementsFinal Exam QuestionsCategory 1 $200Also known as the original investment or seed moneyCategory 1 $400The cost of the bread, butter, pickles, cheeses, and meats to make a sandwichCategory 1 $600The two types of operating costsCategory 1 $800Another name for operating costsCategory 1 $1000Profit that does not take operating costs into accountCategory 1 $200-AnswerWhat are start-up costs?Category 1 $400-AnswerWhat are the costs of goods sold?Category 1 $600-AnswerWhat are fixed and variable costs?Category 1 $800-AnswerWhat is overhead?

12Category 1 $1000-AnswerWhat is gross profit?

Category 2 $200Selling price cost of goods soldChick-fil-a buys $15,000 in stoves that last 5 years before being discarded. This is the amount the stoves depreciate yearly.Category 2 $400Category 2 $600The Gross Profit financialratio on the Income Statement.

16Daily DoubleCategory 2 $800The value of assets a company has if it has $12,500 in liabilities and $10,500 in equity.

17Category 2 $1000Cost of good sold = $0.50Selling price = $1.50Operating Costs = $100/dayThe number of units needing to be sold each day to make $200 in gross profitCategory 2 $200-AnswerWhat is gross profit per unit?Category 2 $400-AnswerWhat is $3,000?Category 2 $600-AnswerWhat is 50%?Category 2 $800-AnswerWhat is $23,000?Category 2 $1000-AnswerWhat is 200?23Category 3 $200Tracks income and expensesCategory 3 $400Takes out sales on credit and depreciation so that business owners can see how much money actually came in/out in a monthCategory 3 $600The financial equationCategory 3 $800All items of worth owned by the businessCategory 3 $1000 An expense that can distort your cash picture on an income statementCategory 3 $200-AnswerWhat is the income statement?Category 3 $400-AnswerWhat is a cash flow statement?Category 3 $600-AnswerWhat is Assets Liabilities = Owners Equity?Category 3 $800-AnswerWhat are assets?Category 3 $1000-AnswerWhat is depreciation expense?Category 4 $200SWOT stands for thisCategory 4 $400The number of goods that consumers are willing to purchase at a particular priceCategory 4 $600Marital status, education, income, gender, raceCategory 4 $800The three major activities every business engages in37Category 4 $1000Bread, gasoline, and medicineCategory 4 $200-AnswerWhat is Strengths, Weaknesses, Opportunity, and ThreatsCategory 4 $400-AnswerWhat is demand?Category 4 $600-AnswerWhat are demographics?Category 4 $800-AnswerWhat is production, marketing, and finance?Category 4 $1000-AnswerWhat are examples of inelastic demand goods?43Final JeopardyYou have 1 minuteYou have 30 seconds leftList three different types of business and give one advantage and disadvantage of each.Final JeopardyTime Is UpList three different types of business and give one advantage and disadvantage of each.Final Jeopardy AnswerSole ProprietorshipPartnershipCorporationFranchise47