Agribusiness Quiz

Agribusiness Quiz

12th Grade

12 Qs

quiz-placeholder

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Agribusiness Quiz

Agribusiness Quiz

Assessment

Quiz

Business

12th Grade

Practice Problem

Hard

Created by

Caleigh Robinson

Used 1+ times

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12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for a financial document that records the amount of product kept on hand, how many were sold, each item’s cost, total sale, and profit?

Balance sheet

Income statement

Inventory report

Cash flow statement

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How are the payments for an amortized loan structured?

Fixed monthly payments

Variable monthly payments

Lump sum payment at the end

No payments required

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a major disadvantage of owning your own agribusiness?

Financial stability

Flexibility in decision-making

Full financial responsibility

Job security

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is considered an asset in an agribusiness?

Current debt

Equipment

Operating expenses

Interest

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of a balance sheet?

To estimate income and expenditures

To record product sales and profit

To show the company's income and expenditures

To provide a snapshot of a business's assets and liabilities

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for a legally enforceable agreement?

Purchasing document

Contract

Lease

Deed

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for the financial statement that shows a company's profitability over a period of time?

Balance sheet

Income statement

Cash flow statement

Inventory report

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