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Ag Business Unit 4 Test

Authored by Jessie L Rager-Miller

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Used 2+ times

Ag Business Unit 4 Test
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23 questions

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1.

OPEN ENDED QUESTION

30 sec • Ungraded

Name:

Evaluate responses using AI:

OFF

2.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What is the process by which buyers and sellers arrive at a specific price for a given lot of produce in a given location?

a. Price determination
b. Price point
c. Price discovery
d. Strike price

3.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What is it called when participants in the commodities market take an opposite position in the futures market to that in the cash market as a means of managing price risk?

a. Hedging
b. Basis
c. Price discovery
d. Price determination

4.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What is the difference between the local cash price and the nearby expiring futures contract?

a. Short hedge
b. Long hedge
c. Strike price
d. Basis

5.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What are the two main categories of stock?

a. Common and preferred
b. Short and long
c. Common and special
d. Regular and preferred

6.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

SWOT stands for: Strengths, Weaknesses, Opportunities, Threats

True
False

7.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What is an income statement?

a. A financial statement summarizing assets, liabilities, and net worth as of a specific date
b. A financial statement summarizing a business’s income and expenses for a specific period
c. A financial statement summarizing assets, liabilities, and revenue for a specific period of time
d. A financial statement summarizing the way cash flows in and out of a business

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