2023 MN State FBM Exam

2023 MN State FBM Exam

Assessment

Flashcard

Other

12th Grade

Practice Problem

Hard

Created by

Wayground Content

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43 questions

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1.

FLASHCARD QUESTION

Front

Which type of business would distribute patronage refunds when profitable?

Back

Cooperative

2.

FLASHCARD QUESTION

Front

Chemicals should be applied to a crop acre as long as: the added production returns are more than the added cost of the chemical used.

Back

the added production returns are more than the added cost of the chemical used.

3.

FLASHCARD QUESTION

Front

Which type of crop insurance policy provides coverage to protect against loss of revenue caused by low prices, low yields, or a combination of both?

Back

Revenue Protection (RP)

4.

FLASHCARD QUESTION

Front

The first new crop futures month for wheat is considered to be: March, May, July, September

Back

July

5.

FLASHCARD QUESTION

Front

_______economics is the study of individuals and business decisions.

Back

Micro

6.

FLASHCARD QUESTION

Front

The United States of America has which type of income taxation system?

Back

Progressive taxation

7.

FLASHCARD QUESTION

Front

The two annual cost components of owning a capital asset are: Gasoline and repairs, Depreciation and interest, Upkeep and maintenance, Wear and tear

Back

Depreciation and interest

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