AGBUS 1100- Quiz 1

Agribusiness is simply business related to agriculture.

• True

• False

Agribusiness is purely private sector undertakings

• True

• False

Feeds, seeds, and fertilizers belong to the category of agricultural commodities

• True

• False

The term agribusiness was first used by Goldberg and Davin

• True

• False

Agribusiness is an agricultural production through farming.

• True

• False

Reduction of cost of production is one of the objectives of agribusiness

• True

• False

Agribusiness is one of the major providers of employment worldwide

• True

• False

The Agribusiness Program was developed in 1965 at Harvard Business School.

• True

• False

Through agribusiness, the value of the product increases, thus the net profit

• True

• False

Agribusiness combines economic resources to generate profit.

• True

• False