Agribusiness: Management Review

Materials derived from natural resources clearly defines which of the following?

• Processed Goods

• Raw Goods

• Finished Goods

• Intangible Goods

Which of the following moves finished goods from one business to another?

• Intermediaries

• Manufacturers

• Service Firms

• Producers

Which of the following operates on donations and volunteers rather than income and profit?

• Service firms

• Production firms

• Non-profit organizations

• Producers organizations

Which of the following is the first step in the product flow chart?

• Processor

• Producer

• Manufacturer

• Raw Goods

Farm Bureaus are considered which of the following?

• Non-profit agricultural organization

• Producer

• Manufacturer

• Processor

Which of the following is the most common form of business ownership?

• Sole Proprietorship

• Partnership

• Corporation

• Franchise

Which of the following is NOT a disadvantage of a sole proprietorship?

• Owner has limited skills

• Harder to raise money

• High start-up costs

• Higher governmental regulations

Which of the following types of business ownership includes contract farming?

• Corporations

• Sole proprietorship

• Partnership

• Cooperatives

Which of the following types of business ownership includes corporate farming?

• Corporations

• Sole proprietoship

• Partnership

• Cooperatives

Which of the following is the roadmap of where the business is going?

• Business plan

• Business agenda

• Executive plan

• Executive agenda