AGEC 318 - Exam 1 2025/2026 Exam
Questions with Detailed Verified
1
Answers (100% Correct Answers) |
Already Graded A+
True or False: PESTLE is an example of an external analysis. - 🧠 ANSWER
✔✔True
According to the reading "Agribusiness Organization and Management", what is
the triple bottom line in regards to sustainability in agribusiness? - 🧠 ANSWER
✔✔Economic Profits, Environmental Outcomes, Social Outcomes
"Concerns giving management feedback on the firm's progress toward the goals
set" is the definition of what task of management? - 🧠 ANSWER ✔✔Controlling
Logistics Management, which is figuring out how to store and transport goods is a
part of which FUNCTION (Not task) of management - 🧠 ANSWER ✔✔Supply
Chain Management
The four functions of management are: - 🧠 ANSWER ✔✔Marketing, Financial,
Supply Chain, Human Resources
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,What sets an agribusiness apart from a regular (non-agricultural) business? - 🧠
ANSWER ✔✔Food as a product,
2
Biological nature of products,
Seasonal nature of business, and
Weather
Which task of management tends to be the 30,000 foot view of the business? - 🧠
ANSWER ✔✔Planning
Which managerial task does a manager spend most of their time on? - 🧠 ANSWER
✔✔Directing
The four tasks of management are: - 🧠 ANSWER ✔✔Planning, Organizing,
Controlling, Directing
True or False: The first step in the agricultural supply chain is input suppliers. - 🧠
ANSWER ✔✔True
Why has the farmer's share of the marketing dollar been decreasing? - 🧠 ANSWER
✔✔Increased Processing and value added after the product leaves the farm.
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COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
, The goal of every manager is tomaximize the long-run profits of the firm
byprofitably satisfying customers' needs - 🧠 ANSWER ✔✔The Unifying Theme
3
Understanding customer needs and effectively positioning and selling products and
services in the marketplace. Closest function of management to the customer.
How, why, when, where, and who? - 🧠 ANSWER ✔✔Marketing Management
Generating the data needed to make good decisions, using the tools of finance to
make effective decisions, and managing assets,liabilities, and owner's investment
in the firm. Accounting (Balance Sheets, Income Statements). Investment
decisions. Ratio analysis - 🧠 ANSWER ✔✔Financial Management
Pushing for quality, lower costs, and making production more efficient in meeting
consumer demands.
Operations management. Direction and control of the processes used to produce
the goods and services.
Logistics management. The set of activities around storing and transporting goods
and services - 🧠 ANSWER ✔✔Supply Chain Management
The mechanics of the personnel administration, and the finer points of motivating
people to offer and contribute their maximum potential. How to organize the firm.
100% GUARANTEED PASS
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
Questions with Detailed Verified
1
Answers (100% Correct Answers) |
Already Graded A+
True or False: PESTLE is an example of an external analysis. - 🧠 ANSWER
✔✔True
According to the reading "Agribusiness Organization and Management", what is
the triple bottom line in regards to sustainability in agribusiness? - 🧠 ANSWER
✔✔Economic Profits, Environmental Outcomes, Social Outcomes
"Concerns giving management feedback on the firm's progress toward the goals
set" is the definition of what task of management? - 🧠 ANSWER ✔✔Controlling
Logistics Management, which is figuring out how to store and transport goods is a
part of which FUNCTION (Not task) of management - 🧠 ANSWER ✔✔Supply
Chain Management
The four functions of management are: - 🧠 ANSWER ✔✔Marketing, Financial,
Supply Chain, Human Resources
100% GUARANTEED PASS
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
,What sets an agribusiness apart from a regular (non-agricultural) business? - 🧠
ANSWER ✔✔Food as a product,
2
Biological nature of products,
Seasonal nature of business, and
Weather
Which task of management tends to be the 30,000 foot view of the business? - 🧠
ANSWER ✔✔Planning
Which managerial task does a manager spend most of their time on? - 🧠 ANSWER
✔✔Directing
The four tasks of management are: - 🧠 ANSWER ✔✔Planning, Organizing,
Controlling, Directing
True or False: The first step in the agricultural supply chain is input suppliers. - 🧠
ANSWER ✔✔True
Why has the farmer's share of the marketing dollar been decreasing? - 🧠 ANSWER
✔✔Increased Processing and value added after the product leaves the farm.
100% GUARANTEED PASS
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
, The goal of every manager is tomaximize the long-run profits of the firm
byprofitably satisfying customers' needs - 🧠 ANSWER ✔✔The Unifying Theme
3
Understanding customer needs and effectively positioning and selling products and
services in the marketplace. Closest function of management to the customer.
How, why, when, where, and who? - 🧠 ANSWER ✔✔Marketing Management
Generating the data needed to make good decisions, using the tools of finance to
make effective decisions, and managing assets,liabilities, and owner's investment
in the firm. Accounting (Balance Sheets, Income Statements). Investment
decisions. Ratio analysis - 🧠 ANSWER ✔✔Financial Management
Pushing for quality, lower costs, and making production more efficient in meeting
consumer demands.
Operations management. Direction and control of the processes used to produce
the goods and services.
Logistics management. The set of activities around storing and transporting goods
and services - 🧠 ANSWER ✔✔Supply Chain Management
The mechanics of the personnel administration, and the finer points of motivating
people to offer and contribute their maximum potential. How to organize the firm.
100% GUARANTEED PASS
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
