
Agricultural Business: Management
Authored by Matthew Williams
Business
9th - 12th Grade
Used 10+ times

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10 questions
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1.
MATCH QUESTION
1 min • 10 pts
Materials derived from natural resources.
Poducers
Changes raw goods into a more finished form.
Processors
Enterprise which derives its revenues from the sales of ag. products.
Processed Goods
Natural resources prepared for use by consumers or manufacturers.
Raw Goods
Develops products for distribution from raw goods.
Agribusiness
2.
MATCH QUESTION
1 min • 10 pts
Provide intangible goods to consumers and other businesses.
Intermediaries
Processed goods formed into a product ready for consumer use.
Manufacturers
Change raw or processed goods into finished products.
Value-added
Process of increasing the value of a product before offering it to consumers.
Finished Goods
Moves finished goods from one business to another.
Service firms
3.
MATCH QUESTION
1 min • 10 pts
Person who makes charitable donations intended to benefit the cause of the non-profit organization
Cooperative
(co-op)
Goods which cannot be physically touched. Usually a service, such as going to the doctor.
Intangible Good
Firm or business owned and operated by its members. Benefits and profits are shared equally.
Philanthropist
Business organizations with a single owner.
Non-profit Organizations
Provide goods and services to businesses and individuals; operate on donations rather than profit
Sole Proprietorships
4.
MATCH QUESTION
1 min • 10 pts
Wealth in the form of money or property; used in a business by a person, partnership of corporation.
Capital
Partners share in the profits and losses of the business; both are equally liable for company debts.
General Partnership
Complete personal responsibility for all business debts and losses.
Partnership
Legal agreement between two or more people to be responsible for a business.
Limited Partnerships
Partners have an unequal share and liability in the business.
Unlimited Liability
5.
MATCH QUESTION
1 min • 10 pts
Owners are responsible for amount of debts equal to amount of money invested in a company
Corporation
Business which leases its trade name and operating system to another person.
Franchisor
is granted a charter recognizing it as a separate legal entity with its own rights and privileges
Separate Legal Entity
Business which is granted a charter establishing its own rights, privileges, distinct from members
Franchise
Right/License to sell a company's product or service at a designated location
Limited Liability
6.
MATCH QUESTION
1 min • 10 pts
Encourages commitment and consensus among employees.
Participative Management Style
Leader dictates and controls all decisions in the job; provides long-term direction and vision
Directive Management Style
Main objective of establishing agreement in a group by joining people together.
Authoritative Management Style
Maintains total control over the entire operation
Franchisee
Person or persons who pay a fee to a company to run a business under the franchisors Trade name
Affiliative Management Style
7.
MATCH QUESTION
1 min • 10 pts
Structured with managers at the top and employees at the bottom. Organized by task they perform
Hierarchical Charts
May be useful in managing any business or person; benefit users for its visual communication of info
Matrix Charts
Encourages professional development among employees.
Coaching Management Style
Leader sets high standards for accomplishing tasks
Pacesetting Management Style
Convey a type of organizational management in which people with similar skills are pooled for work
Organizational Charts
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