Agribusiness Principles of Management Ch. 1

Agribusiness involves the production, distribution, and consumption of food, clothing, and shelter.

• True

• False

Farming and ranching are core industries in agribusiness.

• True

• False

The perishability of materials, commodities and product is not particularly important in distinguishing agribusiness from other businesses.

• True

• False

In the U.S., agribusinesses employ close to what portion of the workforce in the U.S.?

• About 25%

• About 33%

• About 50%

• About 75%

Which of the following is considered on agribusiness product?

• Wine

• Beer

• Ice Cream

• All three are

• None of these are

Seed and chemicals are considered as which type of agribusiness industries?

• Support

• Output

• Production

• Input

• None of the above

Agribusiness involves which of the following?

• Inputs

• Production activities

• Output (consumption)

• All of the above

• Only input and production activities

Farms, forest products, and aquaculture are considered as which type of agribusiness industry?

• Support

• Output

• Production

• Input

Which of the following best describes "infrastructure"?

• Farm structures related to agricultural production

• The basic physical and organizational structures needed for production and transportation

• Structures where agribusiness products are marketed

• The basic organization of an agribusiness company, as shown in the company's organization chart

• None of these

In the late 1800's, crop production was aided by which of the following:

• Advances in pesticides

• Advances in fertilizers

• Establishment of land-grant universities

• All of the above

• None of the above