WorksheetsAgribusiness Fall Final
Total questions: 48
Worksheet time: 32mins
Name
Class
Date
1.
A business sector that includes all of the activities involved in the production, processing, and distribution of agricultural products
a)
agribusiness
b)
agriservice
c)
export
d)
production efficiency
2.
the sector of agribusiness that affects agricultural commodities from the time they leave the producer until the time they reach consumers
a)
agribusiness
b)
agribusiness input sector
c)
agribusiness output sector
d)
gross domestic product
3.
the sector of agribusiness that provides specialized services to all areas of agriculture
a)
agribusiness input sector
b)
agribusiness output sector
c)
agriservice sector
d)
agrotechnology sector
4.
the value of products and services that a nation produces in a year
a)
agribusiness
b)
agriservice
c)
export
d)
gross domestic product
5.
The various functions that a business undertakes to promote a product or a service
a)
export
b)
import
c)
marketing
d)
management
6.
a raw product that has been modified or enhanced to have a higher market value
a)
gross domestic product (GDP)
b)
agribusiness
c)
agribusiness output sector
d)
value-added product
7.
a system of training an individual for a trade by having him/her follow and study another individual who is a master of that trade
a)
apprenticeship
b)
associate’s degree
c)
career
d)
internship
8.
a degree awarded after the completion of a four-year course of study that may start at a community college and continue on to a private or public university or may be completed fully at a university
a)
associate’s degree
b)
bachelor’s degree
c)
master’s degree
d)
internship
9.
an individual’s ability to understand and use logic and reasoning to analyze and interpret information to address problems
a)
critical thinking
b)
employability skill
c)
internship
d)
job shadowing
10.
any training or education that occurs after high school
a)
associate’s degree
b)
post-secondary training
c)
bachelor’s degree
d)
career
11.
a formal plan that projects the use of assets for a future time
a)
budget
b)
expense
c)
income
d)
need
12.
money that is paid for a product or a service
a)
budget
b)
compounding return
c)
expense
d)
income
13.
an essential purchase that an individual must have to survive
a)
wealth
b)
want
c)
need
d)
income
14.
a non-essential purchase that makes an individual feel happy and/or makes life more convenient
a)
wealth
b)
want
c)
budget
d)
need
15.
a type of budget that results when every dollar of income is spent, saved, or invested somewhere so that the expenses match the income
a)
zero-based budget
b)
hundred-based budget
c)
income budget
d)
expense budget
16.
a journal or a ledger used to record all debits and credits in a checking account
a)
overdraft
b)
check register
c)
void
d)
reconciliation worksheet
17.
a deficit in a bank account caused by drawing more money than exists in the account
a)
deposit
b)
overdraft
c)
check
d)
void
18.
a document that allows an account holder to compare balances in a check register to the official bank statement
a)
check register
b)
depositor
c)
reconciliation worksheet
d)
void worksheet
19.
money set aside to cover any unforeseen financial issues
a)
budget
b)
emergency fund
c)
financial planner
d)
security fund
20.
a person whose job is to evaluate and advise people on their finances
a)
financial planner
b)
financial security
c)
spending habit
d)
income planner
21.
money that a person receives from a job
a)
expense
b)
overdraft
c)
income
d)
need
22.
an organization created by an individual or individuals to conduct business, engage in trade, or partake in similar activities
a)
at-will partnership
b)
business entity
c)
dividend
d)
franchise
23.
the right or the license granted to an individual or business to market a company’s goods in a certain location
a)
franchise
b)
franchisee
c)
franchisor
d)
partnership
24.
a legal form of business ownership where the owner is not personally responsible for the liabilities or the debts of the business
a)
franchise
b)
partnership
c)
limited liability company (LLC)
d)
sole proprietorship
25.
a document used in a limited liability company to determine, define, and set the rights of the partners, as well as the income received from the partnership
a)
royalty
b)
share
c)
silent partner
d)
operating agreement
26.
a standardized unit of ownership in a business in which the shareholders will receive payments from the profits
a)
royalty
b)
share
c)
silent partner
d)
part
27.
a legal entity that has publicly traded stock and assets and liabilities that are separate from the owners
a)
C corporation
b)
chief executive officer (CEO)
c)
closed corporation
d)
S corporation
28.
the top manager in a corporation who is responsible for making managerial decisions
a)
chairman
b)
chief executive officer (CEO)
c)
chief financial officer (CFO)
d)
chief operations officer (COO)
29.
a form of corporate equity ownership that gives an owner a vote in the decisions of the corporation and a claim on profits made by the corporation
a)
corporation
b)
dividend
c)
common stock
d)
governance
30.
the relationship between all of the stakeholders in a company
a)
corporation
b)
dividend
c)
governance
d)
inside director
31.
a certificate that declares the partial ownership in a corporation
a)
stock
b)
dividend
c)
corporation
d)
chairman
32.
How does agribusiness affect our society?
4 lines
33.
What are the three major sectors of agribusiness, and why are they so important?
4 lines
34.
Why are imports and exports important to agribusiness?
4 lines
35.
Explain how personal characteristics and talents influence career success.
4 lines
36.
Explain the different types of post-secondary training and education options.
4 lines
37.
How does having a zero-based budget help you achieve your financial goals?
4 lines
38.
What is the difference between a want and a need?
4 lines
39.
Explain the principle of compounding returns in relation to building wealth.
4 lines
40.
List at least five basic parts of a check
4 lines
41.
You are concerned about the amount of money remaining in your checking account— you couldn’t possibly have spent all that money! How can you go about solving the mystery? What should you do if you find money missing from your account that you did not spend?
4 lines
42.
How can a budget be used to analyze spending habits?
4 lines
43.
Explain the concept of zero-based budgeting
4 lines
44.
What is the advantage of a sole proprietorship?
4 lines
45.
Why is communication critical to the success of a partnership?
4 lines
46.
What are a few of the benefits and drawbacks to owning and operating a franchise?
4 lines
47.
How do the responsibilities of a CEO, COO, and CFO differ?
4 lines
48.
What is the purpose of a company selling stock?
4 lines
100 %
