
Farm Financial Management Concepts
Interactive Video
•
Business, Science, Other
•
9th - 10th Grade
•
Hard

Patricia Brown
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an example of a farm record?
A farm diary
A grocery list
A travel itinerary
A weather report
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important for farmers to keep records?
To remember their favorite recipes
To plan vacations
To track the weather
To help select breeding stock
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of record includes weaning dates and machinery numbers?
Personal records
Financial records
Weather records
Physical or production records
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a financial record?
Machinery inventory
Crop rotation schedule
Petty cash record
Weaning dates
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are variable costs in farming?
Costs that vary with the scale of production
Costs that are unrelated to farming
Costs that are fixed annually
Costs that remain constant regardless of production scale
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which cost does not change with the scale of production?
Variable costs
Fixed overhead costs
Labor costs
Seed costs
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is gross income?
The difference between income and expenses
The amount earned from selling a product
The money saved in a bank
The total money spent on inputs
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