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QR Challenge: Business Organizations & Market Structures Quiz Review

Created using the ClassTools QR Treasure Hunt Generator

Teacher Notes

A. Prior to the lesson:

1. Arrange students into groups. Each group needs at least ONE person who has a mobile device.

2. If their phone camera doesn't automatically detect and decode QR codes, ask students to

3. Print out the QR codes.

4. Cut them out and place them around your class / school.


B. The lesson:

1. Give each group a clipboard and a piece of paper so they can write down the decoded questions and their answers to them.

2. Explain to the students that the codes are hidden around the school. Each team will get ONE point for each question they correctly decode and copy down onto their sheet, and a further TWO points if they can then provide the correct answer and write this down underneath the question.

3. Away they go! The winner is the first team to return with the most correct answers in the time available. This could be within a lesson, or during a lunchbreak, or even over several days!


C. TIPS / OTHER IDEAS

4. A detailed case study in how to set up a successful QR Scavenger Hunt using this tool can be found here.


Questions / Answers (teacher reference)

Question

Answer

1. ______________ _______________ is a market structure with large numbers of buyers and sellers, identical products, and sellers are considered price-takers.
2. Apple (AAPL), McDonalds (MCD), and Nike (NKE) are all examples of which business organization?
3. Which form of business organization is owned and managed by one individual who assumes all risk of loss and receives all profits?
4. A manual (non-electric) tooth brush is an example of a __________________ market structure.
5. A _______________________ merger is one that involves two or more firms at different stages of manufacturing.
6. A ____________ externality is the harm, cost, or inconvenience suffered by a third party because of the actions of others. An example of this is the noise and inconvenience some people suffer when an airport or interstate highway expands.
7. Which form of business organization is relatively large in size, performs large-scale manufacturing, and are partially owned by stockholders?
8. The ___________ is a single producer with the most control over supply and price of a one-of-a-kind product.
9. Which form of business organization is a system by which a company expands into new neighborhoods and towns (or foreign countries) by selling the rights to use the company's name and products to individuals?
10. Which form of business organization is owned by two or more individuals who assume all risk of loss and receive all profit?
11. ______________ _______________ has all the characteristics of perfect competition except for identical products and a little more price control.
12. A _______________________ merger takes place when two firms that produce similar products come together.
13. There a four main forms of ________________ organizations in the economy today: sole proprietorship, partnership, franchise, and corporation.
14. _______________ is a market structure dominated by a few (less than 10) large sellers, and the actions by one affect the actions of others.
15. Disney World is an example of a __________________ market structure.

 



Business Organizations & Market Structures Quiz Review: QR Challenge

https://www.classtools.net/QR/decode.php?text=______________-_______________-is-a-market-structure-with-large-numbers-of-buyers-and-sellers,-identical-products,-and-sellers-are-considered-price-takers.

Question 1 (of 15)

 



Business Organizations & Market Structures Quiz Review: QR Challenge

https://www.classtools.net/QR/decode.php?text=Apple-(AAPL),-McDonalds-(MCD),-and-Nike-(NKE)-are-all-examples-of-which-business-organization?

Question 2 (of 15)

 



Business Organizations & Market Structures Quiz Review: QR Challenge

https://www.classtools.net/QR/decode.php?text=Which-form-of-business-organization-is-owned-and-managed-by-one-individual-who-assumes-all-risk-of-loss-and-receives-all-profits?

Question 3 (of 15)

 



Business Organizations & Market Structures Quiz Review: QR Challenge

https://www.classtools.net/QR/decode.php?text=A-manual-(non-electric)-tooth-brush-is-an-example-of-a-__________________-market-structure.

Question 4 (of 15)

 



Business Organizations & Market Structures Quiz Review: QR Challenge

https://www.classtools.net/QR/decode.php?text=A-_______________________-merger-is-one-that-involves-two-or-more-firms-at-different-stages-of-manufacturing.

Question 5 (of 15)

 



Business Organizations & Market Structures Quiz Review: QR Challenge

https://www.classtools.net/QR/decode.php?text=A-____________-externality-is-the-harm,-cost,-or-inconvenience-suffered-by-a-third-party-because-of-the-actions-of-others.-An-example-of-this-is-the-noise-and-inconvenience-some-people-suffer-when-an-airport-or-interstate-highway-expands.

Question 6 (of 15)

 



Business Organizations & Market Structures Quiz Review: QR Challenge

https://www.classtools.net/QR/decode.php?text=Which-form-of-business-organization-is-relatively-large-in-size,-performs-large-scale-manufacturing,-and-are-partially-owned-by-stockholders?

Question 7 (of 15)

 



Business Organizations & Market Structures Quiz Review: QR Challenge

https://www.classtools.net/QR/decode.php?text=The-___________-is-a-single-producer-with-the-most-control-over-supply-and-price-of-a-one-of-a-kind-product.

Question 8 (of 15)

 



Business Organizations & Market Structures Quiz Review: QR Challenge

https://www.classtools.net/QR/decode.php?text=Which-form-of-business-organization-is-a-system-by-which-a-company-expands-into-new-neighborhoods-and-towns-(or-foreign-countries)-by-selling-the-rights-to-use-the-company's-name-and-products-to-individuals?

Question 9 (of 15)

 



Business Organizations & Market Structures Quiz Review: QR Challenge

https://www.classtools.net/QR/decode.php?text=Which-form-of-business-organization-is-owned-by-two-or-more-individuals-who-assume-all-risk-of-loss-and-receive-all-profit?

Question 10 (of 15)

 



Business Organizations & Market Structures Quiz Review: QR Challenge

https://www.classtools.net/QR/decode.php?text=______________-_______________-has-all-the-characteristics-of-perfect-competition-except-for-identical-products-and-a-little-more-price-control.

Question 11 (of 15)

 



Business Organizations & Market Structures Quiz Review: QR Challenge

https://www.classtools.net/QR/decode.php?text=A-_______________________-merger-takes-place-when-two-firms-that-produce-similar-products-come-together.

Question 12 (of 15)

 



Business Organizations & Market Structures Quiz Review: QR Challenge

https://www.classtools.net/QR/decode.php?text=There-a-four-main-forms-of-________________-organizations-in-the-economy-today:-sole-proprietorship,-partnership,-franchise,-and-corporation.

Question 13 (of 15)

 



Business Organizations & Market Structures Quiz Review: QR Challenge

https://www.classtools.net/QR/decode.php?text=_______________-is-a-market-structure-dominated-by-a-few-(less-than-10)-large-sellers,-and-the-actions-by-one-affect-the-actions-of-others.

Question 14 (of 15)

 



Business Organizations & Market Structures Quiz Review: QR Challenge

https://www.classtools.net/QR/decode.php?text=Disney-World-is-an-example-of-a-__________________-market-structure.

Question 15 (of 15)