Business & Employability

Front

What is the name of the one page summary of information about a job applicant?

Back

resume

Front

What law refers to the amount of profit generated by additional inputs (i.e.., at what point does the cost of adding more fertilizer outweigh the benefit of getting a higher yield)?

Back

Law of Diminishing Returns

Front

When seeking a production loan, what information must you provide to a potential credit source? Options: personal resume, letters of recommendation, list of items you will purchase with the borrowed money, personal financial statement and cash flow projections

Back

personal financial statement and cash flow projections

Front

If a farmer is deciding whether to rent additional land, this would fall under what decision making category? Options: operational, capital outlay, organizational, long-term

Back

organizational

Front

What type of organization is licensed to manage the buying and selling of goods using a licensed broker? Options: direct sales agency, trade exchange, commodity exchange, wholesale market

Back

commodity exchange

Front

As an agribusiness manager, what is one of the best ways to minimize risk? Options: fail to pay loans on time, maintain a proper debt to income relationship, increase the amount of loan if given the opportunity, take out multiple lines of credit through different credit sources

Back

maintain a proper debt to income relationship

Front

Where do food retailers (grocery stores) primarily purchase their food? Options: food stores, farm outlets, food cooperatives, food wholesalers

Back

food wholesalers

Front

Which economic factors determine the price a producer receives for his or her products? Options: supply and demand, amount invested in the crop, futures market, breakeven prices

Back

supply and demand

Front

What is the major reason agribusinesses fail? Options: poor management, death of the manager, labor problems, lack of capital

Back

poor management

Front

What is a disadvantage of being an employee instead of an owner?

Back

having little or no control over our future