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Agribusiness Review Flashcards | StudBud
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Agribusiness Review
Agribusiness Review
35 terms
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StudBud Administration
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1,442 plays
A review of Agribusiness terms and principals
Flashcards
35 cards
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Practice quiz
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Host live
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Questions
35
Answers
1
“Should I fertilize this week?” is an example of an _______ decision.
Organizational
Operational
2
“What brand of tractor should I buy?” is an example of an _______ decision.
Organizational
Operational
3
The Cooperative Extension Service is an example of what type of Agribusiness?
Market
Service
Processing
Purchasing
4
1. The quantity of product that buyers will purchase at a given time is called _______.
Supply
Capital
Credit
Demand
5
A Cooperative that finds buyers for a farmer’s product is a _______ cooperative.
Market
Processing
Service
Purchasing
6
A loan of 30-40 years used to buy land or buildings is a ________ term loan.
Intermediate
Discount
Short
Long
7
Agricultural mechanics includes the use of hand and power tools.
False
True
8
If demand increases, price tends to increase.
False
True
9
A trucking company is what type of Agribusiness?
Distirbution
Support
Production
Processing
10
1. When all types are included, what percentage of U.S. businesses are Agribusinesses?
80
50
10
20
11
1. A vegetable canning plant is an example of what kind of agribusiness?
Distribution
Support
Production
Processing
12
Principal x Rate x Time = Interest
True
False
13
Which of the following is not a type of cooperative?
Market
Service
Purchasing
Processing
14
An equipment manufacturing company is an example of what type of Agribusiness?
Support
Production
Processing
Distribution
15
Which of the following is not a type of Agribusiness?
Supporting
Purchasing
Disribution
Production
16
A cattle ranch is what type of agribusiness?
Processing
Support
Production
Distribution
17
Cooperatives are formed by farmers because they have greater bargaining power as a group.
True
False
18
The quantity of product available to customers is the _______.
Demand
Credit
Capital
Supply
19
1. The term for money and property (anything of value) is _______.
Capital
Supply
Demand
Credit
20
1. “ Should my business expand?” is an example of an _______ decision.
Organizational
Operational
21
What percentage of careers in agriscience require college degrees?
2
50
5
20
22
The term Agribusiness only refers to large corporations whose only concern is maximum profit.
False
True
23
On what document does a borrower sign to indicate a loan will be paid back at specified time?
Reliability voucher
Installment document
Promissory note
Credit registration form
24
In what order are college degrees earned?
master’s, four-year, doctorate
four-year, master’s, doctorate
all are earned at the same time
four-year, doctorate, master’s
25
Agribusinesses only sell products.
False
True
26
If supply increases, demand tends to increase.
False
True
27
American agriculture is the world’s largest commercial industry.
False
True
28
What percentage of Americans work in production agriculture?
2
10
17
23
29
“Which bank should I use for an intermediate term loan?” is an _______ decision.
Operational
Organiztional
30
One out of every _____ jobs is in the field of agriscience.
3
2
4
5
31
A cooperative that provides the best possible price on products to farmers is a _______ co-op.
Market
Purchasing
Processing
Service
32
Money loaned is called _______.
Capital
Demand
Supply
Credit
33
U.S. consumers spend about 15 percent of their income on food.
False
True
34
Each year, 400,000 openings are available in the agriscience industry.
False
True
35
A resume is a document containg general contact information that must be filled out everytime you apply for a job.
False
True