BUSN480 Lead Day Game

What is the main way in which Entrepreneurship and Economics relate to each other?

• Scarcity

• Money

• Risk

• Idea generation

Competitive pressures and profit motive incentives incentivize ____________ to capture unmet demand.

Market structure that has many sellers, differentiated products, and relative ease of entry.

• Pure Competition

• Monopolistic Competition

• Oligopoly

• Monopoly

Game Theory assumes that all players are:

• Rational

• Entrepreneurs

• Risk-heavy

• Ethical

What was the Scrub Daddy founder's name?

• James

• Aaron

• Eric

• Mark

Using only four cuts, what is maximum amount of slices we can cut out of the pie?

• 4

• 11

• 16

• Infinity

How much was the Scrub Daddy founder asking for in his Shark Tank pitch?

• 1 million

• 500,000

• 150,000

• 100,000

What did we mention as an "Inherent business risk" at the beginning of the presentation?

• Bankruptcy

• Recessions

• Fraud

• Reputation damage

What room number are we in?

• 124

• 126

• 132

• 136

Where did Dr. Steverson receive his PhD?

• Rice

• LSU

• Gonzaga

• Tulane