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Agribusiness Risk Management

Authored by Kennedy Saggars

Other

10th - 12th Grade

Used 13+ times

Agribusiness Risk Management
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9 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Assessing the potential production gains of new technology is related to which type of risk?

Production

Price (Market)

Financial

Personal

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Any risk associated with people and relationships can be labeled as:

Production

Price (Market)

Financial

Personal

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is the simplest precaution against financial, market and production risk?

Having large cash reserves

Always borrowing from the bank

Purchasing yield protection crop insurance

Converting a sole proprietorship to an LLC

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Reducing risk by a farmer would most likely be associated with which of the following:

Expanding the size of their specialty operation

Hiring more labor

Adding a new enterprise to the operation

Purchasing more inputs

5.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Purchasing revenue protection crop insurance is an attempt to reduce this type of risk:

Price (Market)

Production

Financial

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of legal risk?

Change in regulations surrounding food production

Change in consumers' tastes and preferences

A change in interest rates

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Becoming an LLC can reduce the business owner's _____________ risk?

Price (Market)

Institutional (Legal)

Financial

Human

Production

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