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Agribusiness-Management & Price, Supply & Demand

Total questions: 18

Worksheet time: 6mins

Name
Class
Date
1.

An enterprise which derives a significant portion of its revenue.

a)

Agribusiness

b)

Business Mangement

c)

Business

d)

Agricultural Services

2.

Develop products for distribution from raw goods, such as forestry, farming & mining

a)

Producers

b)

Processors

c)

Intermediaries

d)

Service Firms

3.

Change raw goods into a more finished form using facilities such as cotton mils, oil refineries, textile mills

a)

Processors

b)

Producers

c)

Manufacturers

d)

Intermediaries

4.

Change raw or processed goods using facilities such as boot factories, furniture factories, cotton processing and citrus fruit processing

a)

Producers

b)

Processors

c)

Manufacturers

d)

Intermediaries

5.

Move finished goods from one business to another, also known as the "middlemen"

a)

Processors

b)

Manufacturers

c)

Producers

d)

Intermediaries

6.

Provide intangible goods to consumers and other businesses

a)

Intermediaries

b)

Service firms

c)

Intangible good

d)

Agricultural Co-op

7.

A good which cannot be physically touched; usually involving a service, such as going to the doctor

a)

Manufactured good

b)

Intangible good

c)

Tangible good

d)

Processed good

8.

Organization in which agriculturalists bring together their resources in a specific area of activity

a)

Non-Profit Organizations

b)

Service Firms

c)

Agricultural Co-ops

d)

Ag businesses

9.

Provides goods and services to individuals and operates on donations, volunteers, and philanthropists

a)

Non-Profit Organizations

b)

Service Firms

c)

Agricultural Co-ops

d)

Ag businesses

10.

Encourages appropriate standards of conservation, restoration management and the proper use of soil, water and natural resources

a)

National Cattlemen's Beef Association

b)

Farm Bureaus

c)

National Pork Producers Council

d)

The Association of Soil and Water Conservation Districts

11.

Enhances profit opportunities for cattle & beef producers by increasing business and creating consumer demand

a)

National Cattlemen's Beef Association

b)

Farm Bureaus

c)

National Pork Producers Council

d)

The Association of Soil and Water Conservation Districts

12.

Supports the members management of the financial risks of everyday life and successfully recover from any insured loss

a)

National Cattlemen's Beef Association

b)

Farm Bureaus

c)

National Pork Producers Council

d)

The Association of Soil and Water Conservation Districts

13.

Increases opportunities for the success of US pork producers and other industry stakeholders

a)

National Cattlemen's Beef Association

b)

Farm Bureaus

c)

National Pork Producers Council

d)

The Association of Soil and Water Conservation Districts

14.

Which of the following is NOT a factor that price is determined by?

a)

Supply of the item

b)

Demand of the item

c)

Time the item has been manufactured

d)

General price level

15.

The quantity of a product that is available to buyers at a given time

a)

Supply

b)

Credit

c)

Demand

d)

Economics

16.

Which of the following is NOT a factor that influences the supply of products?

a)

Weather

b)

Ability to buy items needed to produce that product

c)

Cost & availability of credit

d)

Quantity of delivery trucks

17.

Defined as the quantity of a product that buyers will purchase at a specific given price at a given time

a)

Supply

b)

Demand

c)

Quantity

d)

Service

18.

Which of the following is NOT a factor that affects demand?

a)

Desire to purchase

b)

Weather

c)

Quantity available and price

d)

Population growth