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Agribusiness Management & Marketing – Final (Selected Items)

Total questions: 111

Worksheet time: 56mins

Name
Class
Date
1.

Which of the following is NOT an aspect of social responsibility?

a)

Air and water pollution

b)

Conservation and recycling

c)

Green marketing

d)

The ozone layer

2.

Which of the following describes small businesses?

a)

Are usually national or global

b)

Can be divided into many different departments

c)

Usually have less than 100 employees

d)

Usually have more than 100 employees

3.

What occurs in the planning function of management?

a)

Deciding what needs to be done and how it will be accomplished

b)

Coordinating all those involved to achieve the company or departmental goals

c)

Comparing what was planned with the actual performance

d)

Delegating duties to other employees in the company

4.

Which of the following is the traditional management structure?

a)

Vertical

b)

Horizontal

c)

Expansive

d)

Pyramid

5.

Where does marketing exist?

a)

Only in stores

b)

Wherever a product is sold to the customer

c)

On the Internet

d)

In customer's mail

6.

What kind of businesses are motivated to earn a profit?

a)

Public

b)

Government

c)

Private

d)

Nonprofit

7.

Which of the following is one way business can be categorized?

a)

By width

b)

By product

c)

By salary

d)

By demographic

8.

Which of the following is NOT one of the four components of the business process?

a)

Production

b)

Marketing

c)

Finance

d)

Organization

9.

Which of the following describes consumerism?

a)

The societal effort to protect consumer rights by enforcing pressure

b)

The type of behavior which is truthful, fair and takes into account the well-being of all people involved

c)

Consumer awareness where air and water pollution is concerned

d)

When companies put forth an effort to produce and promote environmentally friendly products

10.

Which of the following is NOT a function of management?

a)

Control

b)

Plan

c)

Finance

d)

Organize

11.

Section three of a business plan describes which of the following?

a)

Business description and analysis

b)

Organization and marketing plan

c)

Financial plan

d)

Promotional activities

12.

Which of the following does a business plan NOT do?

a)

Convince investors and lenders the business will be profitable

b)

Identify necessary legal procedures for business start-up

c)

Establish month-to-month steps to profitably operate the business

d)

Name chief officers of the business

13.

What section of the business plan describes the business?

a)

Section one

b)

Section two

c)

Section three

d)

Section four

14.

How many parts are there to a business plan?

a)

One

b)

Two

c)

Three

d)

Four

15.

Who should develop business plans?

a)

Current business owners

b)

Anyone wanting to start a business

c)

Former business owners

d)

Employees of a business

16.

Which of the following is NOT an activity associated with the controlling function of management?

a)

Allowing for missed deadlines

b)

Setting standards

c)

Evaluating performance

d)

Solving problems

17.

Effective management planning should be which of the following?

a)

Complex and stringent

b)

Realistic and flexible

c)

Difficult and unmanageable

d)

Easy and whimsical

18.

How are horizontal organizations organized?

a)

By teams

b)

By managers

c)

By coaches

d)

By process

19.

What is another term for horizontal organization?

a)

Expanding the organization

b)

Stretching the organization

c)

Flattening the organization

d)

Spreading out the organization

20.

What are the two most common management structures?

a)

Alphabetical and numerical

b)

Organic and inorganic

c)

Chronological and reverse chronological

d)

Vertical and horizontal

21.

Which of the following is NOT considered good behavior where business ethics are concerned?

a)

Truthfulness

b)

Fairness

c)

Taking into account the well-being of everyone involved

d)

Bait-and-switch advertising

22.

Which of the following is an example of a recycling program which does not deconstruct old products to make new ones?

a)

Glass recycling program

b)

Tire recycling program

c)

Computer recycling program

d)

Plastic recycling program

23.

Which law required automobile makers to modify engines to meet higher emission standards?

a)

Air and Water Pollution Act

b)

Clean Air Act

c)

Automobile Emission Act

d)

Modified Engine Act

24.

Which agency enforces laws concerning air and water pollution?

a)

USDA

b)

FDA

c)

EPA

d)

CDC

25.

Business responsibility can include responsibility to whom, apart from simply following laws?

a)

Society

b)

The business world

c)

The public school system

d)

The elderly

26.

Industrial markets can change due to which of the following?

a)

The economy

b)

Consumer behavior

c)

Competitor's prices

d)

The company's social responsibility

27.

Small businesses are sometimes referred to as which of the following?

a)

Father and son businesses

b)

Family owned and operated

c)

Mom and pop businesses

d)

All in the family businesses

28.

Small businesses are responsible for what percentage of sales in the U.S.?

a)

17 percent

b)

27 percent

c)

37 percent

d)

47 percent

29.

The marketplace is the essence of which of the following?

a)

The exchange process

b)

The manufacturing process

c)

The marketing process

d)

The selling process

30.

Which of the following is NOT a component of the production process?

a)

Creating products or services

b)

Selling products or services

c)

Growing products or services

d)

Manufacturing products or services

31.

Agriculture accounts for what percent of child labor worldwide?

a)

50 percent

b)

60 percent

c)

70 percent

d)

80 percent

32.

Which of the following established standards for minimum wages and overtime pay?

a)

H-2A Program

b)

Fair Labor Standards Act of 1938

c)

Migrant and Seasonal Agricultural Worker Protection Act

d)

Safe Labor Standards Act of 1938

33.

Which of the following usually has less taxes and governmental regulations?

a)

Sole proprietorship

b)

Partnership

c)

Corporation

d)

Franchise

34.

What form of partnership has unequal shares and liability for the partners?

a)

General partnership

b)

Limited partnership

c)

Semi partnership

d)

Restricted partnership

35.

Which of the following is subject to more governmental regulations?

a)

Cooperative (co-op)

b)

Partnership

c)

Corporation

d)

Franchise

36.

Which of the following is a firm or business owned and operated by its members?

a)

Cooperative (co-op)

b)

Partnership

c)

Corporation

d)

Franchise

37.

For which of the following does the parent company share experiences and proven techniques?

a)

Sole proprietorship

b)

Partnership

c)

Corporation

d)

Franchise

38.

Which of the following is the least common form of business organization?

a)

Sole proprietorship

b)

Partnership

c)

Corporation

d)

Franchise

39.

Which of the following changes raw or processed goods into finished goods?

a)

Producers

b)

Processors

c)

Manufacturers

d)

Intermediaries

40.

Which of the following develops products for distribution from raw goods?

a)

Producers

b)

Processors

c)

Manufacturers

d)

Intermediaries

41.

Which of the following is a true statement?

a)

Virtually all employees engaged in agriculture are covered by the Fair Labor Standards Act

b)

Outside of school hours children who are 10 years of age can be employed without written parental consent

c)

The Child Labor Law for Agricultural Employment applies to all migrant and local residents according to farm size and man-days of labor

d)

H-2A programs are full-time programs assisting all domestic workers

42.

Which of the following bring nonimmigrant foreign workers to the United States?

a)

Fair Labor Standards

b)

Child Labor Law

c)

Migrant and Seasonal Agricultural Workers Protection Act

d)

H-2A Program

43.

Which of the following requires applicants to qualify?

a)

Fair Labor Standards Act of 1938

b)

Child Law for Agricultural Employment

c)

Migrant and Seasonal Agricultural Worker Protection Act

d)

H-2A Programs

44.

Which of the following is the minimum age of employment during school hours for children working in agriculture?

a)

12

b)

14

c)

16

d)

18

45.

Which of the following are temporary agricultural programs?

a)

H-2A Programs

b)

Fair Labor Standards Programs

c)

Migrant and Seasonal Agricultural Worker Protection

d)

Safe Labor Standards Program

46.

Which of the following includes a list of the sources of capital and the projected income and expenses of the business?

a)

Executive agenda

b)

Business description

c)

Marketing plan

d)

Financial plan

47.

Which of the following describes strategies for branding, packaging, advertising and promoting the business and its products?

a)

Executive agenda

b)

Business description

c)

Marketing plan

d)

Financial plan

48.

Which management style is when the leader dictates and controls all decisions in the job?

a)

Authoritative style

b)

Pacesetting style

c)

Coaching style

d)

Affiliative style

49.

Which of the following should serve as a detailed outline of the company and convince the audience to read the rest of the business plan?

a)

Executive summary

b)

Business description

c)

Marketing plan

d)

Financial plan

50.

Which of the following is the roadmap of where the business is going?

a)

Business plan

b)

Business agenda

c)

Executive plan

d)

Executive agenda

51.

Which of the following is NOT an advantage of an agriculture cooperative (co-op)?

a)

Voluntary membership

b)

Locations are limited

c)

Each member gets a vote

d)

Helps other co-ops

52.

Which of the following types of business ownership includes corporate farming?

a)

Corporations

b)

Sole proprietorship

c)

Partnerships

d)

Cooperatives

53.

Which of the following types of business ownership includes contract farming?

a)

Corporations

b)

Sole proprietorship

c)

Partnerships

d)

Cooperatives

54.

Which of the following is NOT a disadvantage of a sole proprietorship?

a)

Owner has limited skills

b)

Harder to raise money

c)

High start-up costs

d)

Higher governmental regulations

55.

Which of the following is the most common form of business ownership?

a)

Sole proprietorship

b)

Partnership

c)

Corporation

d)

Franchise

56.

Farm Bureaus are considered which of the following?

a)

Non-profit agricultural organization

b)

Producer

c)

Manufacturer

d)

Processor

57.

Which of the following is the first step in the product flow chart?

a)

Processor

b)

Producer

c)

Manufacturer

d)

Raw goods

58.

Which of the following operates on donations and volunteers rather than income and profit?

a)

Service firms

b)

Production firms

c)

Non-profit organizations

d)

Producer organizations

59.

Which of the following moves finished goods from one business to another?

a)

Intermediaries

b)

Manufacturers

c)

Service firms

d)

Producers

60.

Materials derived from natural resources clearly defines which of the following?

a)

Processed goods

b)

Raw goods

c)

Finished goods

d)

Intangible goods

61.

Current events can impact personal financial decisions, particularly through the stock market?

a)

True

b)

False

62.

A country possessing unique resources or capabilities to allow the lowest cost of production for a product is known as which of the following?

a)

Absolute advantage

b)

Comparative advantage

63.

Gross National Income includes all of the income earned by a country's residents and businesses including those earned abroad.

a)

False

b)

True

64.

Protection for business, individuals and resources are NOT provided by which of the following types of government departmental regulation?

a)

NHAC

b)

EEOC

c)

FDA

d)

OSHA

65.

When describing supply and demand, which of the following defines when a product is demanded in larger quantities than is produced?

a)

Equilibrium

b)

Shortage

c)

Demand

d)

Surplus

66.

Unprofitable firms negatively affect the economy by increasing the job market and increasing salaries and benefits.

a)

True

b)

False

67.

An economic system in which there is increased government involvement where the goal is to keep prices low and provide jobs for everyone is known as which of the following?

a)

Communism

b)

Socialism

c)

Free enterprise

d)

Capitalism

68.

When companies are understaffed employees can become overworked, cause a hostile work environment and increase the time of production.

a)

False

b)

True

69.

Which of the following is NOT one of the basic economic questions listed in the presentation?

a)

What goods and services do we produce

b)

How do we produce those goods and services

c)

Who should benefit from the goods and services produced

d)

When will we produce those goods and services

70.

Which of the following types of utility enhances value by creating more useful or desirable products out of raw materials or separate parts?

a)

Time

b)

Form

c)

Possession

d)

Information

71.

Which of the following countries is NOT a member of the EU?

a)

Turkey

b)

Sweden

c)

Croatia

d)

Italy

72.

Which of the following can be defined as the taxes placed on imports?

a)

Quotas

b)

Risks

c)

Tariffs

d)

Embargos

73.

Which of the following is defined as two or more consecutive fiscal quarters of decreasing GDP?

a)

Recession

b)

Depression

c)

Expansion

d)

Contraction

74.

Which phase in the business cycle is defined as the period of lowest economic activity?

a)

Trough

b)

Peak

c)

Contraction

d)

Expansion

75.

Which of the following constitutes economic production rising then falling in a long cycle of expansion and contraction?

a)

Event cycle

b)

Business cycle

c)

International trade

d)

Trade alliances and agreements

76.

Which of the following shows an economic decline when high and an economic expansion when low?

a)

Unemployment rate

b)

Rate of inflation

c)

Producer price index

d)

Consumer price index

77.

Economic Success can NOT be measured in the following ways?

a)

Gross domestic product

b)

Producer price index

c)

GNI

d)

DGP

78.

The amount of product available to the market is known as which of the following?

a)

Supply

b)

Interest

c)

Demand

d)

Resources

79.

Which of the following is the amount charged as a percentage of the initial loan borrowed from a lender?

a)

Types of competition

b)

Interest rate

c)

Consumer spending

d)

Supply and demand

80.

Which of the following is an economic system in which businesses are privately owned and product development is proportionate to the accumulation and reinvestment of profits gained in free market?

a)

Communism

b)

Monopoly

c)

Capitalism

d)

Socialism

81.

Which of the following is the rule which states at some point adding more factors to a production process will not improve returns?

a)

Place utility

b)

Law of diminishing returns

c)

Specialization

d)

Factors of production

82.

Advertising which informs consumers about a new product is an example of which of the following?

a)

Time utility

b)

Possession utility

c)

Place utility

d)

Information utility

83.

Which of the following enhances value by having a product or service available to consumers during a certain time of day, month or year?

a)

Possession utility

b)

Information utility

c)

Place utility

d)

Time utility

84.

Which of the following are materials used in producing goods or providing services?

a)

Economic resources

b)

Human needs

c)

Supply

d)

Economic utility

85.

Which of the following is the theories, principles and models which deal with production, distribution and consumption of goods and services?

a)

Economics

b)

Supply

c)

Price

d)

Demand

86.

Which of the following does NOT describe business ethics?

a)

Business ethics are an approach toward decision making in which a person evaluates a moral principle

b)

Business ethics are professional standards of conduct, based on moral principles and values, guiding decision making and actions

c)

Business ethics are choices made based on moral principles and values

d)

Business ethics are a set of legal guidelines which govern behavior

87.

Which of the following is NOT a businesses social responsibility provided in the presentation?

a)

Providing help to the poor

b)

Supporting education

c)

Promoting agricultural sustainability

d)

Providing choices in the business "Code of Ethics"

88.

Which of the following choices are made based on moral principles and values?

a)

Legal

b)

Ethical

c)

Mannerly

d)

Injustice

89.

Which of the following is NOT a step in the ethical decision making process?

a)

Defining the problem

b)

Listing all the consequences

c)

Reflecting on the decision

d)

Overthrowing the decision

90.

Jennifer decides to add a vitamin supplements to her diet. Which of the following would be considered an unethical practice in this situation?

a)

Packing the supplement in a clear container

b)

Providing antioxidants within the vitamin

c)

Nondisclosure of ingredients

d)

The well-being of Jennifer’s health

91.

Which of the following is considered to be unethical in agribusiness?

a)

Not disclosing food additives to the consumer

b)

Concentration of long-term crops

c)

Having fallow lands

d)

Management of manure

92.

According to the presentation, business ethics may NOT do which of the following?

a)

Enhance a businesses image

b)

Help lead businesses to success

c)

Inspire leaders and employees to do the right thing

d)

Override personal ethics and morals

93.

In which year was the Animal Welfare Act signed into law?

a)

1958

b)

1966

c)

1969

d)

1974

94.

Which of the following is the first step of the ethical decision making process?

a)

Study the laws and regulations

b)

Review the code of ethics

c)

Identify the ethical problem

d)

List all possible solutions

95.

Which of the following terms is defined as “conduct based on or authorized by law which is established by society to maintain order and protect people and property from harm”?

a)

Moral behavior

b)

Legal behavior

c)

Ethical behavior

d)

Mannerly behavior

96.

Which of the following requires a minimum standard of care and treatment be provided for animals?

a)

Wildlife Care Act

b)

Domestication Act

c)

Animal Welfare Act

d)

Sustainability in Animal Well-Being Act

97.

Which of the following is the process of breaking down?

a)

By-products

b)

Fallowing

c)

Sustainability

d)

Degradation

98.

Which of the following may be considered unethical?

a)

Bettering the condition of the rural population

b)

Humane treatment of animals

c)

Raising levels of nutrition

d)

Nondisclosure of food ingredients to consumers

99.

Which of the following accurately defines fallow?

a)

Breaking down of organic matter

b)

A secondary product

c)

Plowed farmland left alone to enhance fertility

d)

Companies lying about sustainability

100.

Which of the following is an unethical practice when dealing with food additives?

a)

Providing vitamins

b)

Long-term risks are not understood

c)

Depletion of environmental reserves

d)

Providing disclosure to the consumer

101.

Which of the following steps in the ethical decision making process involves reviewing alternatives and consequences?

a)

Selecting the best choice

b)

Listing all alternatives and the consequences

c)

Defining the problem

d)

Evaluating the decision

102.

How many alternative solutions should be listed when making an ethical decision?

a)

Two

b)

Three

c)

Four

d)

Five

103.

How many steps are in the ethical decision making process?

a)

Four

b)

Five

c)

Six

d)

Seven

104.

Which of the following is NOT recommended when making an ethical decision?

a)

Be confident in the choice

b)

Base the choice on moral principles and values

c)

Include irrelevant and unimportant information

d)

Repeat the process if it is not the best decision

105.

According to the segment, which of the following questions should NOT be taken into consideration when listing all the alternatives and consequences to solve an ethical problem?

a)

Is it legal?

b)

Does it fit my personal values?

c)

Who will be affected?

d)

Does it benefit me personally?

106.

Which of the following is a true statement?

a)

Unethical behavior can devastate any business

b)

Personal use of company property is ethical

c)

Ethics do not enhance the image of a business

d)

It is unethical to increase retirement benefits for employees

107.

Which of the following is NOT an effect of unethical business practices as stated in the segment?

a)

Decreased loyalty and faith in company

b)

Increases profits and prices

c)

Decreased legal proceedings

d)

Decreased job satisfaction

108.

Which of the following is NOT a reason for unethical business practices as stated in the segment?

a)

Low morale or lack of care for company

b)

Desire to succeed or advance career

c)

Extreme pressure to meet deadlines

d)

Adequate training, background or explanation of company policy

109.

Unfair treatment of staff is an example of which of the following?

a)

Ethical business practice

b)

Unethical business practice

c)

Illegal business practice

d)

Appropriate business practice

110.

Which of the following types of choices are made based on moral principles and values?

a)

Ethical choices

b)

Proper choices

c)

Legal choices

d)

Illegal choices

111.

What are Mrs. Diver's kids names

a)

bennett and baylor

b)

brad and bentley

c)

bentley and bailey

d)

idk

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