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Worksheets2024 NYS FBLA Agribusiness
Total questions: 100
Worksheet time: 50mins
The first agriculturalists were
also ranchers
commercial farmers
also hunters-gatherers
most likely males
Which farming method is found in rain forests?
livestock ranching
dairy farming
shifting cultivation
pastoral nomadism
The majority of the agricultural workers in the world are part of
agribusiness
subsistence farming
sustainable farming
commercial farming
Horticulture includes
flowers and fruits
flowers, fruits, and vegetables
flowers only
nursery plants only
The primary purpose of commercial agriculture is to
produce a superior product
make a profit
sustain a rural way of life
provide jobs
A new farmer has decided not to use pesticides or synthetic chemicals on his farm; instead, he’ll rely on composting and biological pest control. He is practicing
monoculture
industrial agriculture
organic agriculture
sustainable agriculture
One of the biggest problems of pesticide use is the fact that
pesticides reduce the amount of food one can get from a crop, sometimes up to 50%
pesticides kill important pollinator insects as well as insect pests
farmers must apply pesticides every year
pesticide manufacturers must create new pesticides every year that cost millions of dollars
One proven risk of genetically modified crops is
the loss of consumer support
increased resistance of insects to pesticides because of the pesticide resistance of gm crops
the risk of cancer associated with eating gm foods
the escape of gm genes into non-gm crops
Which US state is the leading beef cattle state?
Missouri
Texas
Kansas
Nebraska
The cultivation of plants by cutting stems and dividing roots is
sawah
seed agriculture
subsistence agriculture
vegetative planting
Vertical integration is most common in which of the following agricultural enterprises?
grain
poultry
beef
fruit
Which US federal department is responsible for developing and executing federal laws related to farming, forestry, rural economic development, and food?
Department of the Interior
Environmental Protection Agency
Food and Drug Administration
Department of Agriculture
The meat of adult sheep is known as
lamb
beef
mutton
pork
Garrison Farm’s charge account statement shows an unpaid balance of $6,982.25. The monthly finance charge is 1.55 percent of the unpaid balance. What is the new account balance?
$6,998.01
$7,090.47
$7,211.02
$7,211.01
Which of the following elements is not needed by plants for normal healthy growth?
magnesium
mercury
iron
calcium
Subsistence agriculture
only includes the herding of animals
is aimed at producing surplus crops for sale in the market
is characterized by production of food for consumption by the farmers and their families
is mostly practiced in South America
What is the purpose of crop rotation?
maintaining the fertility of fields
reducing transportation costs
responding to shifting consumer preferences
maintaining fresh products for market
Solvency of a business can be determined by evaluating the
cash flow statement
debt to equity ratio
price to earnings ratio
net income
Michelle Tompkins is shopping for a new tractor harvester for her farm. A portion of the sticker is shown below. What is the sticker price?
$29,680
$30,279
$30,379
$31,379
In recent years, many wooded areas in __________ have been deforested to provide beef for hamburgers for fast-food chains in the United States.
Central and South America
West Africa
East and South Asia
East Africa
The decline in the amount of farmland can best be described as a consequence of
push/pull economic factors
urban sprawl
climate change
demographic transition
Poorer countries, producing such cash crops as sugar,
are at the mercy of the purchasing countries that set the prices
set the market price themselves
cooperate with each other to determine global prices and demand
plant less in order to drive up the prices
Which state is the leading dairy state?
California
Wisconsin
Minnesota
Pennsylvania
Which of the following is the equation for determining net worth?
Net Worth = Assets + Liabilities
Net Worth = Assets − Liabilities
Net Worth = Liabilities − Assets
Net Worth = Assets − Liabilities
Which country/major agricultural export is mismatched?
Columbia/oranges
Kenya/tea
Dominican Republic/cocoa beans
United States/soybeans
The word horticulture is derived from
Latin
Greek
French
Italian
The “Father of American Horticulture” is
Thomas Andrew Knight
John Lindley
Henry Witte
Liberty Hyde Bailey
Which of the following business types allows the most liability protection for the owners?
partnership
sole proprietorship
corporation
cooperative
The best-selling organic crops in the United States, with a 43% share of sales, are
fruits and vegetables
dairy products
chocolates
grains
The top state for organic sales in the US is
New York
Vermont
Pennsylvania
California
Commission agents earn their income as
profit
percent of sales value
percent of quantity sold
service charge
The facilitative function of marketing refers to
processing
grading
buying
financing
Cattle futures are publicly traded on the
New York Stock Exchange
NASDAQ
Chicago Board of Trade
American Stock Exchange
Which state has the largest share of family farms in the US?
West Virginia
Oklahoma
Minnesota
Idaho
Regularly scheduled family business meetings can do all of the following except
improve business performance
improve stakeholder interaction
keep the business on track
guarantee a profitable operation
Which state has the largest share of commercial farms in the US?
South Dakota
Iowa
California
New Mexico
Which of the following is an example of a cooperative principle?
cooperative members vote in proportion to their use
cooperatives operate at cost
business with non-members of the cooperative must equal that of members
cooperatives must pay dividends of at least 8 percent per year
A dairy cow held for breeding and production purposes is known as a
short-term asset
intermediate asset
capital asset
long-term liability
Land is considered to be a
short-term asset
long-term asset
intermediate-term asset
short-term liability
The leading manufacturer of tractors worldwide is
John Deere
Kubota
Fendt
Massey Ferguson
The role of price in a market economy is all of the following except
deciding what, when and how much to produce
controlling quantity supplies
limiting quantity demanded
eliminating certain groups of consumers
Calculate the depreciation of a new tractor that Anderson purchased for $169,000. The salvage value of the tractor is estimated to be $44,500 and Anderson expects to own the tractor for 10 years and average 650 hours per year. What is the yearly economic or management depreciation?
$4,450
$7,500
$12,450
$16,900
Tractors, buildings, and land are examples of agricultural
liabilities
revenue sources
net worth
assets
The demand for pork is determined by
the price of pork
income of the purchaser
the price of substitute products
all of the above
A farmer purchased a hog for 60andpaid 50 for feed to get the hog to market weight. The hog was sold at 220 pounds for $70 CWT. What was the rate of return on this investment?
25 percent
30 percent
40 percent
50 percent
Which of the following is correct about farm forestry?
It is the name given to programs which promote commercial tree growing by farmers on their own land.
This type of forestry is also known as aesthetic forestry which is defined as the practice of forestry with the object of developing or maintaining a forest of high scenic value.
It is the practice of forestry for raising fodder grass with scattered fodder trees, fruit trees, and fuel wood trees on suitable wastelands, panchayat lands and village commons.
It is the practice of forestry with the object of raising flowering trees and shrubs mainly to serve as recreation forests for the urban and rural population.
Principle payments on debt would be included on the
Income statement
Statement of cash flow
Bank statement
Balance sheet
When a farmer purchases a new combine for $350,000, he can deduct the expenditure over 10 years as a
liability
reoccurring expense
depreciation expense
long-term investment
Elements which are absorbed from the soil are known as plant
nutrients
components
feeders
supplements
What is the biggest agricultural commodity in the US?
apples
potatoes
beetroot
corn
Which of the following will reduce soil erosion?
high wind velocity
high rainfall intensity
deforestation
afforestation
The US Government program to encourage the recovery and conservation of our nation’s imperiled plant and animal species is the
United for Wildlife Project
US Fish and Wildlife Service
Environmental Protection Agency
Save Our Oceans
The difference between climate and weather is that
both are synonyms and there is no difference
climatic conditions will change daily
climate is a long-term effect
weather is a long-term effect
What do farmers use reapers for?
cutting and winnowing
crop harvesting
cutting and threshing
none of the above
Milk that has been sterilized by heat and then placed in sterilized containers for retail sale at ambient temperature has undergone
aseptic process
pressure canning
pasteurization
pressure processing
A special form of savings that requires a large amount of money to be invested and is required to be left for a certain period of time is
credit
a depreciable asset
a direct deposit
a certificate of deposit
The agency that conducts research, educates, and created prevention projects to address the nation’s pressing agricultural health and safety problems is the
Food and Drug Administration
Agricultural Safety and Health Center
USDA
Consumer Product Safety Commission
The value of an asset, such as a tractor, at the end of its useful life is
salvage value
depreciable value
salable value
trade-in value
Which economic system in which productive property, although owned by individuals, is used to produce goods that reflect the government’s or the state’s preferences is
Capitalism
Fascism
Communism
Cubism
What are three of the largest agricultural imports of the US?
coffee, cut flowers, tree nuts
bananas, wine, sugar cane
potatoes, coffee, wheat
soybeans, tree nuts, sugar
“Pork…the other white meat” is an example of a(n)
regional campaign
corporate campaign
brand campaign
organizational marketing campaign
George Tinley allows his grandchildren to sell produce at a stand in front of his farm. This is an example of
one-step marketing
two-step marketing
three-step marketing
co-op selling
The cost of using a resource in one way is the return that could be obtained from using it in its most profitable alternative use. This economic principle is the
Peter’s Principle
principle of marginal substitutions
law of diminishing returns
principle of opportunity cost
Renting land for cash rather than shares of production results in
more risk for both the landlord and the tenant
less risk for both the landlord and the tenant
more risk for the tenant and less risk for the landlord
guaranteed greater profit for the landlord
Companies that take health initiatives seriously be implementing exercise and weight reduction programs for employees
reduce the price of health insurance
increase the number of sick leave days
increase the amount of employee resentment
increase the price of health insurance
What is the scientific name for growing fruit?
pomology
sericulture
horticulture
apiary
Typically, new and improved hybrid seeds result in
overproduction
decreased production
increased production
less global customers
Growing or raising a single specialty crop on large tracts of land is
commercial agriculture
agribusiness
monoculture
industrial agriculture
Which food makes up more of our diet than any other food grown on a farm?
beans
wheat
corn
milk
Marketing ethanol as a liable gas additive has mainly resulted in
higher corn prices
lower gas prices
lower oil prices
energy independence for a country
If the total revenue of a farmer will cover his variable costs, but not cover his total costs, he has
shown a return to all factors of production
minimized his losses
been operating when he should not
maximized his profits
An unexpected event that results in injury, illness, or property damage is called a(n)
accident
violation
hazard
incentive
The insurance purchased to protect farm assets from being taken in a lawsuit is _____ insurance.
mortgage
personal property
warrant
liability
What is the best reason why market gardening farms grow highly perishable fruits and vegetables?
high soil fertility
farms are located close to urban centers
government subsidies make it possible
transportation costs are low
Which of the following refers to crops grown in water without the use of soil?
hybrid
harvest
hydroponic
cassavous
Which of the following global regions has the lowest percent of the labor force directly engaged in agriculture?
Western Europe
Eastern Europe
North Africa
North America
Which of the following forms of business organization would NOT have a liability shield to protect the owner’s personal property?
Sub-chapter S corporation
Limited liability company
General partnership
Corporation
The most widely produced grains in the world are
rice, wheat, and barley
rice, maize, and oats
wheat, rice, and maize
wheat, rice, and oats
To work safely with most types of livestock, you need to understand
animals do not kick
animal behavior
animal breeds
animals cannot be tamed
“Doubling the number of acres farmed in 10 years,” is an example of a
short-term goal
mission statement
decision
long-run goal
Marcy grows corn on 50 acres and is thinking of using a new, genetically modified corn seed this year. The new seed will cost $200 mor than the regular seed and is expected to increase yield by one bushel per acre. Assuming all other costs remain the same and that Marcy can sell the corn for $5.46 per bushel, should he purchase the new seed?
Yes, he will increase his net income per acre by 5.46 percent.
No, he will lose money if he uses the new seed.
Yes, he will increase his total net income by $73.00.
It doesn’t matter, he will get the same return either way.
You are having a 30% off sale on your bedding plants. They normally are $18 per flat. What is the sale price?
$5.40
$6.00
$12.60
$15.00
Converting groundnut into nut butter creates _____ utility.
place
form
time
possession
Storing milk creates _____ utility.
possession
form
place
time
Progresso Soups buying potatoes from Randolph Farms results in _____ utility.
place
form
possession
time
The physical movement function of marketing refers to
storage of products
creating demand for a product
financing
none of the above
Agriculture ranks among the
safest industries
least satisfying careers
healthiest industries
most hazardous industries
Government aid provided to farmers to increase the price for their produce is referred to as a
loan
tariff
quota
subsidy
Which of the following is an example of a strategic decision?
setting milking times for a dairy
determining what type of business/legal organization to use
determining fertilizer levels for crops
deciding when to sell grain
Which country has the highest concentration of greenhouse farms in the world?
Iceland
Great Britain
United States
Netherlands
If the total revenue of a farmer will cover his variable costs, but not cover his total costs, he has
shown a return to all factors of production
minimized his losses
been operating when he should not
maximized his profits
Which of the following is the largest "greenhouse" vegetable-providing company in the world?
Vicasol, Spain
LeGaga, China
Group Azura, Morocco
Windset Farms, United States
Which fact about US farm cooperatives is not true?
There are about 2100 co-ops in the US.
The members of farm co-ops are also the owners.
Agricultural co-ops provide about 250,000 jobs across the country.
The Pacific coastal area has most of the agricultural cooperatives.
Which method of transportation is most widely used by American farmers to move their product for sale?
train
truck
ship
air
Which of the following statements about Amish farming is not true?
They are usually generational farms.
They often use horses to plant and plow their fields instead of tractors and combines.
They will not sell to non-Amish businesses.
They avoid using pesticides.
Where do American KFC franchisees get their chickens?
Mexico
China
US farms
This information is unknown
Which state ranks #1 in the number of aquaculture farms?
California
Massachusetts
Louisiana
Mississippi
Pest populations that damage plants
breed more slowly in hot climates
become resistant to pesticides via natural selection
include only insects and small rodents
attack wild plants with greater success than crops
The Board Chairperson of a cooperative
cannot own a farm in the cooperative
is a businessperson from one of the firms that conducts business with the co-op
is appointed
is elected
Suppose that due to a drought, the price of agricultural goods rises. If land is specific to agriculture, capital is specific to manufacturing, and labor is mobile between sectors, which of the following is true?
The percent of change in labor income is less than zero.
The percent of change in labor income is greater than the percent of change in the relative price of agricultural goods.
The percent of change in labor income is greater than the percent of change in the relative price of manufacturing goods.
The percent of change to labor income is less than the percent of change in the relative price of agricultural goods.
