Agribusiness management Exam 100% Verified
How many levels of management are there? - ANSWER three
What is true of agribusiness companies? - ANSWER They need risk mitigation, they
were initially tied to a specific location or commodity, they involve products with a short
shelf life
Which are the technological improvements that contributed to the beginning of the
agribusiness industry? - ANSWER transportation and communication improvements
Products improved through processing or manufacturing are ___________ products. -
ANSWER value added
An Agricultural product brought to the U.S. from another country - ANSWER import
The result of the production process - ANSWER output
a resource used in production - ANSWER input
Agricultural commodities shipped outside the U.S. - ANSWER export
Set of activities directed at the efficient and effective use of resources in pursuit of one
or more goals - ANSWER management
Input, Agricultural Production and Value-Added Industries are considered: - ANSWER
core industries in agribusiness
, Banking, Transportation, Government and Insurance are considered: - ANSWER
support industries in agribusiness
Planning, Organizing, Directing and Controlling are considered: - ANSWER managerial
functions
how many schools of management are there? - ANSWER three
scientific Management and Administrative Management are sub-areas from: - ANSWER
the classical school of management
responsibilities of a manager - ANSWER planning, organizing, leading, controlling
requirements of a manager - ANSWER efficient and effective use of resources
purposes of a manager - ANSWER to accomplish goals
types of resources - ANSWER human, financial, physical, and informational resources
levels of management - ANSWER top level, middle level, and front line management
top managers - ANSWER executives who manage overall company policies
middle managers - ANSWER usually largest group of managers, implement top
managers policies
first line managers - ANSWER supervise and coordinate the activities of operating
employees
marketing managers - ANSWER pricing and promoting firm's products
How many levels of management are there? - ANSWER three
What is true of agribusiness companies? - ANSWER They need risk mitigation, they
were initially tied to a specific location or commodity, they involve products with a short
shelf life
Which are the technological improvements that contributed to the beginning of the
agribusiness industry? - ANSWER transportation and communication improvements
Products improved through processing or manufacturing are ___________ products. -
ANSWER value added
An Agricultural product brought to the U.S. from another country - ANSWER import
The result of the production process - ANSWER output
a resource used in production - ANSWER input
Agricultural commodities shipped outside the U.S. - ANSWER export
Set of activities directed at the efficient and effective use of resources in pursuit of one
or more goals - ANSWER management
Input, Agricultural Production and Value-Added Industries are considered: - ANSWER
core industries in agribusiness
, Banking, Transportation, Government and Insurance are considered: - ANSWER
support industries in agribusiness
Planning, Organizing, Directing and Controlling are considered: - ANSWER managerial
functions
how many schools of management are there? - ANSWER three
scientific Management and Administrative Management are sub-areas from: - ANSWER
the classical school of management
responsibilities of a manager - ANSWER planning, organizing, leading, controlling
requirements of a manager - ANSWER efficient and effective use of resources
purposes of a manager - ANSWER to accomplish goals
types of resources - ANSWER human, financial, physical, and informational resources
levels of management - ANSWER top level, middle level, and front line management
top managers - ANSWER executives who manage overall company policies
middle managers - ANSWER usually largest group of managers, implement top
managers policies
first line managers - ANSWER supervise and coordinate the activities of operating
employees
marketing managers - ANSWER pricing and promoting firm's products
