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

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

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

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

Provide intangible goods to consumers and other businesses

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

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

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

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

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

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

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

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

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

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

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

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

all debt obligations

assets that are not used or sold during the next accounting period

assets that are used or sold during the next accounting period

debt due within one year

debt due over a period greater than one year

expense that does not change with an increase or decrease of number of goods or products sold

expense that changes with an increase or decrease in the number of goods or services produced or sold

the value that would be returned to a company's shareholders if all of the assets were liquidated

any cash inflow into a company (does not have to affect profit and loss statement)

total assets minus total liabilities

an estimate of costs and returns associated with a particular enterprise

an itemized list of goods on hand with their estimated worth

original cost of an item minus total depreciation to date

the value of an asset at the end of its useful life

the ability of a business to sell all assets at market value to cover all debts

the ability of a business to generate enough cash to pay bills without disrupting business operations

a reduction in the value of an asset with the passage of time, due in particular to wear and tear

an estimate of the fair market value of personal property or real estate

the transactions of a business at a single point in time (a financial "snapshot)

a projection of all the costs and returns associated with a single type of crop or livestock

an amount owed to a business

an expense that has incurred but not yet been paid

the amount of money RECEIVED from selling a product or service

annual accounting period that does not correspond to the calendar year

accounting period from January 1st to December 31st

method that reports income and expenses in the time they occured

records revenue when cash is recieved, and expenses when they are paid in cash

a loan that is to be repaid over a period less than one year

a loan that is to be repaid over a period more than one year, but less than ten years

a loan that is to be repaid over a period greater than ten years

property used to secure a loan at a lending institution

Physical or financial property that has value and is owned by an individual or business