AEBCC Quizbowl Mock Round For Gens.

Marketing/Managment

5

What term refers to the description of a population according to selected characteristics such as age, gender, ethnicity, income, and occupation?

Demographics

10

What does CME stand for?

Chicago Mercantile Exchange

15

Measuring a company's performance against the performance of similar companies is known as:

Benchmarking

20

Someone who benefits from a public good or service without paying for it or pays less than the full cost. 

Free rider

25

When a company purchases whole beef carcasses and converts them to packaged steaks and other beef products, we say the company has added _____ utility.

Form 

Resource/Policy

5

What does WOTUS stand for?

Waters of the United States

10

Brooke Rollins is the cabinet level head of what organization?

USDA

15

The Smoot-Hawley Act made what era in US History even worse?

The Great Depression

20

Contrary to a tax that reduces a business's incentive to produce, a _______ provides financial incentive for a business to continue producing a product. 

Subsidy

25

The Great ________ began in late 2007, while the Great ________ began in late 1929.

Recession // Depression

AGEC

5

What is the technical name given to livestock, grain, or personal property when these become security for a loan?

Collateral 

10

_________ is when a house is repossessed by the lender because the borrower failed to pay. 

Foreclosure 

15

A legal right to exclude others from making, using, or selling a creator's product for a limited time is called a _______.

Patent

20

SWOT analysis is a tool often used to develop an organization's strategic plan, which stands for?

Strengths, weaknesses, opportunities, threats

25

What is a business providing services at cost, with any profits returned to its member-owners?

Cooperative

Micro/Macro

5

What is the primary subdiscipline of economics that examines consumer decision making?

Microeconomics

10

Food staples such as rice and bread are less ________ compared to entertainment goods like video games and amusement park visits. 

Elastic

15

If prices rise for domestic production, we expect a country to ______    _____. 

Import more. 

20

What is the measure of the dollar value of final goods and services produced by an economy in a given period of time?

GDP

25

What is the net loss of consumer and producer surplus due to an allocatively inefficient market event? 

Deadweight loss 

Potpourri

5

Name two row crops.

Soybeans, corn, cotton, etc. 

10

Which two football teams play in the Egg Bowl?

MS State & Ole Miss

15

How many colors are on a Rubik's cube?

6

20

What was UTM's mascot before Captain Skyhawk?

Pacer

25

When's national slushie day?

7/11