MANAGEMENT & MOTIVATION
What is management?
The process of planning, organizing, leading, and controlling resources.
What do we call the money a company earns from selling goods or services?
Revenue
What is a market?
A place or system where buyers and sellers exchange goods and services.
What is networking in business?
Building professional relationships to exchange information and opportunities.
Which country won the 2014 FIFA World Cup by defeating Argentina in the final?
Germany
What is motivation?
The desire or willingness to do something.
What do we call the money left after a company pays all its costs?
Profit
What is competition in business?
When businesses try to attract the same customers.
What is an elevator pitch?
A short and persuasive introduction about yourself or your business.
Who was the top scorer at the 2002 FIFA World Cup, scoring eight goals?
Ronaldo NazГЎrio
What are the four main functions of management?
Planning, organizing, leading, and controlling.
What do we call a person who starts and runs a business, taking financial risks?
Entrepreneur
What is a monopoly?
A market structure with only one dominant seller and no close substitutes.
Bonus
Bonus
Which club won three consecutive UEFA Champions League titles from 2016 to 2018?
Real Madrid
What is the difference between a manager and a leader?
A manager organizes and controls work, while a leader inspires and guides people.
Minus
Minus
What is the difference between a merger and a takeover?
A merger combines businesses, while a takeover occurs when one company gains control of another.
What is the difference between verbal and non-verbal communication?
Verbal communication uses words, while non-verbal communication uses body language, gestures, and facial expressions.
Which country defeated Brazil 2–1 in the 1982 FIFA World Cup, with Paolo Rossi scoring a hat-trick?
Italy
An employee works harder because they want a promotion and a higher salary. What type of motivation is this?
Extrinsic motivation.
What do we call the total value of all goods and services produced in a country during a specific period?
Gross Domestic Product (GDP)
What market structure has many sellers offering differentiated products, such as restaurants or clothing brands?
Monopolistic competition.
At a business meeting, two companies discuss their needs and try to reach a mutually beneficial agreement. What business skill are they using?
Negotiation
Which team eliminated Barcelona in the 2019 UEFA Champions League semi-final after losing the first leg 3–0?
Liverpool