Ag Business Budgeting

Ag Business Budgeting

9th - 12th Grade

17 Qs

quiz-placeholder

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Assessment

Quiz

Life Skills, Business

9th - 12th Grade

Medium

Created by

Zachary Irving

Used 2+ times

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17 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Select two of the four factors of production that we budget for

Land

Capital

Fiber

Fuel

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a reason for using a budget?

Show off how much money you have

Obtain recognition

Plan life of assets

Plan life of animals

3.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Select the three types of budgeting discussed in class

Enterprise

Partial

Farm

Whole Farm

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A principle of budgeting is to invest more if returns increase

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The purpose of enterprise budgeting is to determine breakeven levels

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The purpose of partial budgeting is to expand an enterprise

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A good source of information for budgeting is farm and ranch records

True

False

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