What is Business?
_________ the money businesses get to keep after paying off expenses. Profits are a measure of the value it creates in society.
Profit
The first Mickey Mouse film from 1928 entered the public domain in 2024. What is the name of that movie?
Steamboat Willie
What is the best selling album of all time?
Thriller
________________: the rivalry between two or more businesses to attract scarce customer dollars.
Competition
Relative to the internet, what does “URL” stand for? Answer: Uniform resource locator
Uniform resource locator
The result of an action
Consequence
A type of business where you can sell goods or services using the internet or where you transmit money and information electronically.
E-commerce
___________ an individual who buys goods and services from businesses.
Consumer
What famous star produced Barbie?
Margot Robbie
The dog in The Sandlot is nicknamed “The Beast.” What’s the dog’s actual name?
Hercules
A business that operates out of a physical facility (instead of online).
brick and mortar
CHALLENGE: Earn TRIPLE points if you get one member of each group to perform classroom karaoke with you.
R-E-S-P-E-C-T (of course)
Standards that govern behavior; not dependent on circumstance
Ethical Principles
Name an example of both an economic want and a non-economic want
Ms. Payne will have the final say!!
Items that people can use to make or obtain what they need and want are _________.
Resources
Just Dance: At least one person from your group must perform.
Who is Kendrick Lamar's "Not Like Us" about?
Drake
A type of producer that constructs roads, bridges, buildings, houses, etc.
Builder
What is the name of the scale used to measure spiciness of peppers?
Scoville Scale
An issue in which you must decide whether something is right or wrong
Ethical Dilemma
Where does retailing take place?
Wherever goods are sold to the ultimate consumer
________ products created by businesses that you can physically touch and see.
Goods
Where were The Lord of the Rings movies filmed?
New Zealand
Give or Take?
JUST DANCE: https://www.youtube.com/watch?v=YteMhrQvfCo
Give: If the other group refuses, your group will lose DOUBLE points (performing yourselves will reduce the loss)
A business that buys consumer goods or services and sells them to the ultimate consumer.
Retailer
What is the only planet in our solar system that rotates clockwise?
Venus
WHITE BOARD CHALLENGE: Win, Lose, or Draw
Challenge another team to a drawing contest. Pick one of the ethical principles we studied in class and draw a picture to represent that concept. A designated judge will be chosen from the nonparticipating groups and the first team to correctly have their picture identified will earn the points. :)
A company that transforms cotton into wearable clothing is an example of a __________.
manufacturer
_________ work that businesses perform for consumers.
Services
Freddy Krueger wears a striped sweater that is which colors?
Red and Green
If you watch the Marvel movies in chronological order, which movie would you watch first?
Captain America: The First Avenger
We all are.
Which American road runs from Chicago to Los Angeles?
Route 66
Instinct; gut feeling
intuition
farms, mines, and lumber companies are examples of _______________ producers.
raw goods
buying and selling goods and services from one another in return for compensation levied from the buyer by the seller.
trade industry
What is the real name of rapper Eminem?
Marshall Bruce Mathers III
What do you call a group of flamingos?
flamboyance
Name either of the two U.S. states that makes it illegal to get married on a dare.
Delaware and Colorado
if a good or service is scarce, consumers will likely be _________.
willing to pay money to get it.
What are the 2 main divisions of the trade industry?
wholesalers and retailers
What item is in every Fight Club scene?
A starbucks cup
What is the highest-grossing movie of all time?
Avatar
The duty of business to contribute to the well-being of society.
Which 90's rap duo's signature style was wearing their clothes backwards?
Also...which was their most popular song?
You know the drill...Just dance time. :)
All Teams White board challenge: Name all six causes of ethical dilemmas that we discussed in class. If no team has named all six in the designated time, The original team will LOSE points.
pressure from others, the desire to prove yourself, conflicting values, greed, bad role models, and a lack of consequences
Economic Votes are cast by consumers each time they _________.
make a purchase
WHITE BOARD CHALLENGE!! The first team to correctly answer the question will earn DOUBLE points and take control of the board.
Q: Name the 4 types of consumer goods.
Convenience, unsought, specialty, shopping
Dance Battle: Two members of your group must challenge two members of another group. (Remaining groups will vote on the winner.)
Who originally sang the lyrics, "Left a good job in the city / Workin' for the man every night and day"?
John Fogerty, CCR (Band name will be acceptable)
The study of how to meet unlimited, competing wants with limited resources.
Economics
Which breed of cat does not have fur?
sphynx
DOUBLE POINTS AVAILABLE: Ethical or not???
Act it out
Ms. Payne will give you one ethical principle at random. Your group has 90 seconds to step in the hallway to come up with a way to act this principle out.
DOUBLE POINTS earned if all groups identify your principle correctly.
Human wants are __________, ________________, and _________________.
unlimited, changing, competing