Business Basics
This term refers to the money a business earns in sales, minus its expenses.
What is profit?
This entrepreneur co-founded a social networking platform that gained prominence in the early 2000s and became a crucial part of modern communication. Who is this entrepreneur, and what is the platform?
Who is Mark Zuckerburg?
Identify the technology that utilizes mathematical structures and algorithms to perform tasks that typically require human intelligence, such as image recognition and language translation.
What is AI?
Name one type of investment that represents ownership in a company.
What is a Stock or share?
Which international organization promotes free trade by reducing barriers between member countries?
What is the WTO?
What is the economic term for the total value of goods and services produced by a country in a specific time period?
What is GDP?
Name the business magnate known as the "Oracle of Omaha.
Who is Warren Buffet?
Identify the technology that simulates real-world environments or situations and is often used in gaming, training simulations, and virtual tours.
What is virtual reality?
Explain the concept of compound interest
Compound interest is the interest calculated on the initial principal, which also includes all the accumulated interest from previous periods on a deposit or loan.
What is the world's largest economy by nominal GDP?
What is the US?
What is the term for the amount of money required to start and run a business before profits are made?
What is startup capital?
This entrepreneur co-founded a computer company in 1976, which later became one of the most valuable tech companies globally. Who is this entrepreneur and what is the name of the company?
Who is Steve Jobs and what is Apple?
Identify the emerging technology that uses quantum mechanics to perform computations far faster than classical computers.
What is quantum computing?
What is the term for an individual or company’s legal obligation to repay a debt?
What is liability?
What is the term for a company that operates in several countries and is involved in international trade, manufacturing, or services?
What is a multinational corporation (MNC)
What is the term for the business strategy of controlling all steps of the supply chain, from raw materials to final product distribution?
What is vertical integration?
Which entrepreneur founded a media and entertainment empire with holdings in television networks, film production, and theme parks, and is known for his revolutionary animation studio?
Who is Walt Disney?
Identify the field of study that integrates technology with biology to improve healthcare outcomes, particularly through advanced treatments like genetic editing.
What is biotech?
In investment terminology, explain the concept of "short selling" and the potential risks associated with it.
Short selling is a strategy where an investor borrows shares of a stock and sells them with the expectation that the stock's price will decrease. The investor aims to buy back the shares at a lower price to return them to the lender, making a profit. However, the risks include unlimited potential losses if the stock price rises significantly.
Explain what BRICS is and the entities involved.
Brazil, Russia, India, China, South Africa
What is the management strategy that focuses on continuous improvement, involving employees at all levels of an organization to enhance product quality and operational efficiency?
What is Total Quality Management (TQM)?
Who is the founder of the leading global software company, known for the development of an operating system that became the standard for personal computers?
Who is Bill Gates?
Identify the technology that enables remote storage, processing, and accessing of data and applications over the internet, instead of relying on local servers or personal devices.
What is cloud computing?
What is the term for a financial derivative that gives the buyer the right, but not the obligation, to buy or sell an asset at a specific price before a specified expiration date?
What is an options contract?
What is the economic theory that suggests countries should specialize in producing goods they can produce most efficiently and trade for others?
What is comparative advantage