Bob Vision Jeopardy Template

key terms	JA DEFINITIONS	Fast Money!! 5 second buzz	Junior Achievement General knowledge	Daily Double(Get double points)
100 What is Management: Group of managers; the act of controlling or directing.	100 Debit In accounting, a bookkeeping entry constituting an addition to an expense or asset account, liability account, or a deduction from an expense net or asset account. Each debit has a corresponding credit entry.	100 Variable costs Those costs that can increase or decrease as output expands on contracts.	100 Autherine Turnquest-Hanna and Selvin Basden Who created the achiever's pledge?	100 what is a wage? Money paid to an employee for work done, usually given on an hourly, daily, or on a piecework basis.
200 What is Loss In accounting, any excess of costs over income. Loss is the opposite of profit.	200 What is a charter A government document creating a business and defining its rights and limitations.	200 The level of output at which total revenue equals total costs. Break-even point:	200 entrepreneurship, financial literacy, and Work Readiness what are the pillars of success?	200 A financial statement summarizing the firm’s assets, liabilities, and net worth. Balance Sheet
300 Market Value The current or prevailing price of a product as indicated by current market quotations.	300 A set of rules adopted by an organization to govern members and regulate its affairs. Bylaws	300 A decrease in the value of property due to wear or obsolescence. A decrease in the amount of goods or services that a given sum of money can buy. Depreciation	300 History of Chairmen of The Board of Directors Franklyn Wilson 1979-1989 Felix Stubbs 1989-2008 Raymond Winder 2008-2018 Philip Simon 2018-Present	300 Annual report A report containing a summary of the company’s operations and pertinent financial information.
400 Something that causes spending; money spent or needed for doing a job or running a business. expenses	400 A license to operate an individually owned business as if it was part of a large chain. Franchise	400 Credit In accounting, a bookkeeping entry constituting an addition to an income, net worth, liability account, or a deduction from an expense net or asset account. Each credit entry has a corresponding debit entry.	400 Contract A legally enforceable agreement between two or more persons.	400 Face or nominal value; the value imprinted on the stock certificate. Par Value
500 The profit left after expenses. Net profit	500 What is Gross Profit The difference between sales and the cost of goods sold.	500 "Cost of goods sold" An accounting term for the combined costs of material, labor, factory overhead, and other direct expenses involved in producing goods for sale. It does not include costs of selling or general management.	500 The payment of all obligations and the conversion of assets into cash for apportionment among business owners. Liquidation	500 your question goes to jada or jade jada...jade :0

BOB VISION

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