WorksheetsCrop Production Quiz
Total questions: 30
Worksheet time: 17mins
The most abundant factor of production is:
Labour
Land
Machinery
All of the above
Working capital stands for:
Tools, Machines and buildings
Raw materials and money in hand
Total share capital
Fixed deposits in financial institutions
--------- capital is used once in production whereas----- capital can used for long time.
Raw material, machine
Fixed, working
Variable, Fixed
Land, labour
Iron ore, forest, water etc. are the example of which factors of production?
Labour
Land
Capital
Natural resource
Which of the following statements about factors of production is FALSE?
The term factor of production is another term for resources
The factor of production termed labour means human resources
The factor of production land means a natural resource
The factor of production termed capital means the money which the owner needs in order to set their firms up
Which of the following is NOT an effect of the modern farming?
Soil degradation
Deforestation
Decrease in groundwater
Water pollution
The term used to describe the way a nation provides for the needs and wants of its people
Resources
Economy
Factors of production
Infrastructure
The quantity demanded is
The amount of a good that consumers plan to purchase at a particular price.
Independent of the price of the good.
Independent of consumers' buying plans.
Always equal to the equilibrium quantity
The law of demand states that, other things remaining the same, the higher the price of a good, the
Smaller is the demand for the good.
Smaller is the quantity of the good demanded.
Larger is the quantity of the good demanded.
) Larger is the demand for the good.
Which of the following is consistent with the law of demand?
A decrease in the price of a gallon of milk causes a decrease in the quantity of milk demanded.
An increase in the price of cabbage causes decrease in the quantity of cabbage demanded.
An increase in the price of a tape causes an increase in the quantity of tapes demanded.
A decrease in the price of juice causes no change in the quantity of juice demanded.
A substitute is a good ?
Of higher quality than another good.
That is not used in place of another good.
That can be used in place of another good.
Of lower quality than another good.
Which of the following organizations make trade agreements only within the Caribbean area?
FTAA
WTO
CSME
ISA
The abbreviation ACP stands for?
America, Caribbean and Pacific
African, Caribbean Polynesia
Asia, Caribbean and pacific
Africa Caribbean pacific
Which of the following financial institution offers loan at the highest rate of interest?
Agricultural development bank
Credit unions
Agricultural societies
Commercial banks
Input records show the following items EXCEPT?
Quantity.
Source of Inputs.
Date of farm establishment
Date
---------are the records of items sold every day.
Sales record
Profit and Loss record
Production record
Farm Inventory
This type of farm record helps to reduce stealing on the farm.
Sales record
Production record
Input record.
Profit and Loss Account.
The major subdivisions of a balance sheet are:
assets, liabilities and net wort
income, expenses, and net profit.
cash received, cash paid, and cash remaining.
amount borrowed, amount paid off, and balance outstanding.
One advantage that owning farm land has over leasing farm land is
labor and machinery are used more efficiently.
owner equity could increase if land values go up
the number of acres farmed is more flexible.
less capital is tied up in long-term investments
Brett and Melanie are reviewing their family farm business. Their business advisor tells them… “one
advantage of incorporating their farm business is that it will:
Mean they face double taxation.
Mean they have fewer rules and regulations to follow.
Reduce their record keeping.
limit their liability
The agent of mechanical weathering in which rock is worn away by the grinding action of other rock particles is called?
erosion
cracking and peeling
abrasion
ice wedging
A hot and wet climate causes weathering to take place
slowly
at the same rate as when the climate is dry and cool
unevenly
rapidly
The most important factors in determining the rate of weathering are?
carbon dioxide and acid rain
abrasion and acids from plant roots
animal action and oxygen
rock type and climate
The mixture of rock particles, minerals, decayed organic material, air and water is called...
gravel
litter
soil
silt
The decayed organic material in soil is called...
silt
litter
humus
clay
The type of soil called loam is made up of...
pure humus
nearly equal amounts of silt, sand and clay
mostly clay
sand and gravel
The layer of soil in which topsoil is found is the?
A horizon
B horizon
C horizon/subsoil
bedrock/regolith
Living organisms in soil help to
slow rate of soil formation
prevent the formation of humus
mix the soil and make humus
build up the C horizon
Decomposers are the soil organisms that?
store moisture in the soil
break down and digest the remains of dead organisms
make spaces in the soil for air and water
burrow deep below the topsoil
Most of the work of mixing humus within the soil is done by
fungi
ants
earthworms
bacteria
