Economic System of a Down
An economic system in which all or many of the means of production and distribution are owned and controlled by the government
Command Economy
A type of producer that changes the shapes or forms of materials so that they will be useful to consumers
Manufacturer
Possible events and situations resulting from employee actions, core processes, and daily business activities
Operational Risk
A type of market structure in which a market is controlled by one supplier, and there are no substitute goods or services readily available
Monopoly
A meal for a pet and a battle with stuff in the cafeteria
Dog Food Fight
People who use goods and services to satisfy their wants
Consumers
An intermediary who helps move goods between producers and retailers by buying goods from producers and selling them to retailers
Wholesalers
Possible events and situations that directly impact a company’s cash flow
Financial Risk
A market structure in which there are relatively few sellers, and industry leaders usually determine prices
Oligopoly
Somewhere you might go around halloween and that part of congress that is NOT the senate
Haunted House of Representatives
An economic system in which the questions of what, how, and for whom products will be produced are answered by individuals and businesses in the marketplace
Market Economy
Usefulness created by making sure that goods or services are available at the place where they are needed or wanted by consumers
Place Utility
Possible events and situations that can affect the execution of an organization’s long-term plans
Strategic Risk
DAILY DOUBLE
A federal regulation intended to prevent monopolies from forming and prices from being fixed
Sherman Antitrust Act
A game where you travel west in a wagon and a snack you eat while hiking
Oregon Trail mix
A command economic system in which government owns some basic means of production and allows private ownership of business as well
Socialism
A desire for something that may or may not be required
Want
Chances of loss that may result in loss, no change, or gain
Speculative Risk
An illegal activity in which a business charges different customers different prices for similar amounts and types of products
Price Discrimination
A popular small SUV from an American company and a place you go just so you can try and break out
Ford Escape Room
Specific goals to be met
Quotas
Something required or essential that is lacking
Need
Chances of loss that carry with them the possibility of loss or no loss
Pure Risk
The rivalry between two or more businesses to attract scarce customer dollars
Competition
A small hotel that is very old and feeds you food and something you might eat early in the morning when on the go
Bed and Breakfast Burrito