This quiz works best with JavaScript enabled. Home > Business > Agribusiness > Agribusiness – Quiz 4 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Agribusiness Quiz 4 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Creating a budget does NOT consist of which of the following? A) Tracking spending. B) Throwing away financial records. C) Knowing your net income. D) Eliminating unnecessary expenses. Show Answer Correct Answer: B) Throwing away financial records. 2. Which of the following formulas calculates net amount? A) Revenue - losses. B) Losses - revenues. C) Revenues + net worth. D) Revenues + losses. Show Answer Correct Answer: A) Revenue - losses. 3. Which of the following are temporary agricultural programs? A) H-2A Programs. B) Fair Labor Standards Programs. C) Migrant and Seasonal Agricultural Worker Protection. D) Safe Labor Standards Program. Show Answer Correct Answer: A) H-2A Programs. 4. What is the name of formal institution that gives you financial intermediaries? A) Restaurants. B) Banks. C) School. D) Campus. Show Answer Correct Answer: B) Banks. 5. Which is the business function that involves selecting a product or service to be marketed for profit? A) Selling function. B) Buying function. C) Promoting function. D) Financing function. Show Answer Correct Answer: B) Buying function. 6. What is the number 1 agriculture state in the US? A) Alabama. B) West Virginia. C) California. D) Kansas. Show Answer Correct Answer: C) California. 7. Rent is an example of which of the following? A) Fixed. B) Variable. C) Net worth. D) Asset. Show Answer Correct Answer: A) Fixed. 8. When evaluating records liquidity is a key element of determining the true financial picture of an agribusiness. In terms of cash dollars which liquidity measure gives the greatest indication of financial efficiency? A) Working Capital. B) Current Ratio. C) Leverage Ratio. D) Return to Assets. Show Answer Correct Answer: A) Working Capital. 9. If a worker is untrained and exposed to chemicals while working on a farm, this issue would be related to what government agency? A) OSHA. B) USDA. C) EPA. D) FDA. Show Answer Correct Answer: A) OSHA. 10. What's we learn from VUCA A) To prepare/internal response from changing situation. B) To prepare from political issues. C) To prepare from technical invention. D) To prepare internally. Show Answer Correct Answer: A) To prepare/internal response from changing situation. 11. Which type of business is inexpensive to set up, but has personal liability? A) Sole proprietorship. B) Corporation. C) LLC. D) Sub-chapter S corporation. Show Answer Correct Answer: A) Sole proprietorship. 12. Which of the following is NOT an advantage of a C corporation? A) Possible income tax savings for high income businesses. B) Simplification of estate transfer. C) Limited liability for each shareholder. D) Assures a profit due to better management. Show Answer Correct Answer: D) Assures a profit due to better management. 13. Which of the following changes raw or processed goods into finished goods? A) Producers. B) Processors. C) Manufactureres. D) Intermediaries. Show Answer Correct Answer: C) Manufactureres. 14. The ability of the firm to maintain an environment-friendly operation and healthy business condition at all times is called A) Environmental Sustainability. B) Social Sustainability. C) Economic Sustainability. D) None of above. Show Answer Correct Answer: A) Environmental Sustainability. 15. Agriculture has focused in recent years on using communication technology to help promote the industry as a whole. In the state of Kentucky for example, the industry has been helped greatly through programs such as Kentucky Proud. How has this form of communication technology helped the perception of agriculture? A) The promotion of agriculture through medial sources allow agriculturalists to have the chance to advertise positive attributes in various outlets with state backing with a limited cost. B) By allowing agriculturalists the chance to learn more about technology through low cost programs operated by state and federal agencies. C) By basic training programs in communication technology to help an aging agricultural producer sector to learn more about promotion within their industry. D) Through providing grants to help rural America receive technology that then could be used to help develop a campaign for communication technology for increased positive perceptions. Show Answer Correct Answer: A) The promotion of agriculture through medial sources allow agriculturalists to have the chance to advertise positive attributes in various outlets with state backing with a limited cost. 16. What's sub system 2 in agribusiness refer to Bungaran saragih A) Production or usaha tani. B) Manufacturing. C) Agricultural facilities. D) Distribution and marketing. Show Answer Correct Answer: A) Production or usaha tani. 17. What are the 4 types of SAEs? A) Entrepreneurship, Internship, Leadership, Exploratory. B) Production, Livestock, Plants, Technology. C) Entrepreneurship, Placement, Research, Exploratory/Foundational. D) Production, Placement, Agriscience, Internship. Show Answer Correct Answer: C) Entrepreneurship, Placement, Research, Exploratory/Foundational. 18. A drought in South America will A) Increase the chance for rain in the United States. B) Decrease the amount of snow that falls in the Rocky Mountains. C) Increase demand for U.S. grain. D) Decrease the price of U.S. grain. Show Answer Correct Answer: C) Increase demand for U.S. grain. 19. A major advantage of owning a business is: A) Control over your destiny. B) Financial responsibility. C) The relationship of business income and family finances. D) A shorter work week. Show Answer Correct Answer: A) Control over your destiny. 20. What is the equation for calculating owner's equity? A) Total Assets-Total Liability. B) Total Assets + Total Liability. C) Total Assets X Total Liability. D) Total Assets/ Total Liability. Show Answer Correct Answer: A) Total Assets-Total Liability. ← PreviousNext →Related QuizzesBusiness QuizzesAgribusiness Quiz 1Agribusiness Quiz 2Agribusiness Quiz 3Agribusiness Quiz 5Agribusiness Quiz 6Agribusiness Quiz 7Agribusiness Quiz 8Agribusiness Quiz 9Agribusiness Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books