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Agricultural business

Total questions: 16

Worksheet time: 8mins

Name
Class
Date
1.
What is agribusiness?
a)
making money from agriculture
b)
making money from technology
c)
making money from space
d)
making money from taxes
2.
When you diversify your economy you are  
a)
identifying cattle
b)
increasing the variety of products
c)
in a free enterprise
d)
a risk taking person
3.
Capital is
a)
a risk taking person
b)
increasing the variety of products
c)
equipment, factories or money used to produce goods or services
d)
wealth and resources of a nation
4.
What is a liability?
a)
What you owe
b)
What you own
5.
What is the owner's equity?
a)
Net worth
b)
Asset
c)
Liability
d)
Current
6.
What is an example of a current liability?
a)
Credit Card Bill
b)
Property mortgage
c)
Trailer
d)
Tractor
7.

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

a)

Producers

b)

Processors

c)

Intermediaries

d)

Service Firms

8.

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

9.

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

10.

What is the most common type of farm in Australia?

a)

Small

b)

Medium

c)

Large

11.

A type of farm owned by the community and allow individuals to work together on the same farm

a)

Share/lease farms

b)

Community farms

c)

Corporation farms

d)

Cooperatives

12.

Farms that are owned by large companies or corporations and employ managers to operate the farm

a)

Share/lease farms

b)

Community farms

c)

Corporation farms

d)

Cooperatives

13.

A business or organisation that is owned, controlled and used by the members who invest in them

a)

Share/lease farms

b)

Community farms

c)

Corporation farms

d)

Cooperatives

14.

What is Australia's top farming product?

a)

Vegetables

b)

Wheat

c)

Cattle/calves

d)

Cotton

15.

How much of Australia's daily food supply is grown and supplied by Australian farmers?

a)

24%

b)

58%

c)

72%

d)

93%

16.

A type of farm where one party works and operates the farm on land that is owned by a second party

a)

Share/lease farms

b)

Community farms

c)

Corporation farms

d)

Cooperatives