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Ag Business Intro

Authored by Weston Patnode

Life Skills

11th - 12th Grade

Used 7+ times

Ag Business Intro
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a definition of agribusiness?

a business that buys items from farmers for production; provides services to other agricultural businesses; or is any business that is engaged in the marketing, transportation, processing, and distribution of natural resources 
a business that sells items to farmers for production; provides services to other agricultural businesses; or is any business that is engaged in the marketing, transportation, processing, and distribution of agricultural products
agricultural groups that provide services at the federal, state, and local levels
the science that deals with the production, distribution, and consumption of wealth

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Solar power is the __________ form of energy we use

best

least expensive

newest

cleanest

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The concept of agricultural products bringing in most of their revenue at a specific time of year is called.

market

seasonality

comparative advantage

longevity

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

an item of value owned by a business is a(n)

cash sale

liability

asset

income

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a statement of business goals, alone with strategies and actions for achieving those goals.

business plan

budget

amortization

net worth

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a list of the money a business plans to deal with over the course of the upcoming year.

business plan

net worth

liability

budget

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the actual value of a business determined by total liabilities compared to the total assets.

profit

expense

net worth

liability

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