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Exam (elaborations)

FBLA- AGRIBUSINESS TEST WITH CORRECT ANSWERS 2025

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FBLA- AGRIBUSINESS TEST WITH CORRECT ANSWERS 2025

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Institution
FBLA
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Uploaded on
March 19, 2025
Number of pages
11
Written in
2024/2025
Type
Exam (elaborations)
Contains
Questions & answers

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  • fbla agribusiness test with correct answers 2025

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FBLA- AGRIBUSINESS TEST WITH CORRECT
ANSWERS 2025
TheHbestHstrategyHforHhandlingHaH"know-it-all"HcustomerHis:H-HCORRECTHANSWERH-
notHbeingHcompetitiveHorHargumentativeHwithHtheHcustomer



AHdisadvantageHassociatedHwithHprojectedHcashHflowHisHthatHitH-HCORRECTHANSWERH-
projectsHpricesHthatHareHdifficultHtoHestimate



TheHpracticeHofHcultivating,Hprocessing,HandHdistributingHfoodHinHorHaroundHaHvillage,HtownHorHcity
HknowHasH-HCORRECTHANSWERH-urbanHagriculture




TheHpracticeHofHusingHanHintegratedHsystemHofHplantHandHanimalHproductionHpracticesHthatHhaveHa
Hsite-specificHapplicationHthatHwillHlastHoverHtheHlongHtermHisHknownHasH-HCORRECTHANSWERH-


sustainableHagriculture



OneHadvantageHofHincorporatingHaHfarmHbusinessHisHthatHitHwillH-HCORRECTHANSWERH-
limitHpersonalHliabilityHofHtheHowners



WhichHofHtheHfollowingHisHtheHmostHaccurateHaboutHagricultureHinHtheHUS?H-HCORRECTHANSWERH-
environmentalHregulationHisHhavingHaHlargerHimpactHonHtheHmanagementHofHUSHfarms



Technology-advancedHfarmHequipmentH-HCORRECTHANSWERH-
reducedHtheHlaborHmarketHforHagriculture



SinceHfarmersHareHcontinuallyHexposedHtoHloudHnoises,HtheyHshouldHhaveHperiodicHhearingHtestsHc
alledH-HCORRECTHANSWERH-audiograms



TheHprojectedHcashHflowHforHaHbusinessHincludes:H-HCORRECTHANSWERH-
projectedHincomes,HdebtHpayments,HandHexpenses

, TheHfood,Hconservation,HandHenergyHactHpassedHbyHtheHUSHCongressHinH2008HisHalsoHcalledH-
HCORRECTHANSWERH-theHFarmHBill




SuccessionHplanningHrefersHto:H-HCORRECTHANSWERH-
planningHtoHmoveHtheHbusinessHtoHtheHyoungerHgeneration



CalculateHtheHdepreciationHofHaHnewHtractorHthatHFredHFarmerHhasHpurchased.HPurchaseHpriceHisH$
169,000,HtheHsalvageHvalueHisHestimatedHtoHbeH$44,500,HandHFredHexpectsHtoHownHtheHtractorHforH
10HyearsHandHaverageH650HhoursHperHyear.HWhatHisHtheHhourlyHeconomicHorHmanagementHdepreci
ation?H-HCORRECTHANSWERH-$19.15



WhichHoneHofHtheHfollowingHwouldHimproveHtheHprofitabilityHofHaHfarmHbusiness?H-
HCORRECTHANSWERH-increaseHfarmHearningsHandHreduceHfarmHcosts




AHdroughtHinHSouthHAmericaHwill:H-HCORRECTHANSWERH-increaseHdemandHforHUSHgrain



WhichHoneHofHtheHfollowingHisHnotHaHdeductibleHcostHtoHanHagriculturalHbusiness?H-
HCORRECTHANSWERH-principleHpaid




BuyersHandHsellersHinHtheHfutureHmarketHwhoHdoHnotHraiseHorHuseHtheHcommodityHtheyHareHtradin
gHinHareHcalled:H-HCORRECTHANSWERH-speculators



FarmHfinancialHstandardsHcouncilHpromotesHuniformityHofHfarmHfinancialHrecordsHforHtheHpurposeH
of:H-HCORRECTHANSWERH-fairHcomparisonsHbetweenHallHfarms



AHfarmerHpurchasesH750-
poundHfeederHsteerHforH$1.18HperHpoundHandHplansHtoHsellHtheHsteerHatH1300Hpounds.HTheHfarmer
HestimatesHtheHtotalHcostHofHgainHtoHbeH$0.80HperHpound.HTheHnearestHbreakevenHpriceHwhenHtheH
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