TEST BANK for Farm Management 10th Editi
J J J J J J
on by Ronald Kay J J J
Complete Chapters 1-
J J
22 With Expert Verified Q&As| A+ PASS All Answers at the Back
J J J J J J J J J J J J
of Each Chapter
J J
PageJ|J1
, ChapterJ1.
TRUE/FALSEJ-JWriteJ'T'JifJtheJstatementJisJtrueJandJ'F'JifJtheJstatementJisJfalse.
1) InJtheJfuture,JfarmJmanagersJwillJhaveJtoJbeJconcernedJaboutJtheJenvironmentalJeffectsJofJtheirJpr
acticesJonJtheirJownJfarms,JbutJnotJawayJfromJtheirJownJfarm.
⊚J true
⊚Jfalse
2) StandardizedJaccountingJpracticesJforJfarmingJoperationsJwillJmakeJcomparisonsJwithJotherJfarmsJandJn
onfarmJbusinessesJmoreJmeaningful.
⊚J true
⊚Jfalse
3) OneJofJtheJmostJimportantJareasJinJwhichJadvancesJinJelectronicsJcanJhelpJfarmJmanagersJisJinJcol
lectingJtheJrawJdataJneededJtoJmakeJbetterJdecisions.
⊚J true
⊚Jfalse
4) SinceJfarmJmanagersJwillJbeJmakingJtheJsameJbasicJtypesJofJdecisionsJinJtheJ21stJcenturyJasJtheyJdidJinJtheJ
previousJcentury,JtheyJcanJrelyJonJrulesJofJthumbJtoJguideJtheirJactions.
⊚J true
⊚Jfalse
5) ProductJdifferentiationJmeansJproducingJcropsJandJlivestockJwithJdifferentJcharacteristicsJforJspecificJm
arkets.
⊚J true
⊚Jfalse
PageJ|J2
,6) EnteringJintoJverticalJintegrationJalliancesJhelpsJfarmsJorJranchesJbecomeJmoreJindependent.
⊚J true
⊚Jfalse
MULTIPLEJCHOICEJ-
JChooseJtheJoneJalternativeJthatJbestJcompletesJtheJstatementJorJanswersJtheJquestion.
7) OneJforceJthatJhasJhelpedJcauseJfarmsJinJtheJUnitedJStatesJtoJbecomeJlargerJandJfewerJis
A) competitionJfromJforeignJproducers.
B) lowerJproductionJcostsJperJunitJbyJspreadingJfixedJinvestmentJinJtechnologyJoverJmoreJunits.
C) moreJlaborJusedJinJagriculturalJproduction.
D) decliningJnonfarmJwageJrates.
8) ImprovedJdataJcollectionJtechnologyJsuchJasJsatelliteJorJdrone-
basedJphotographyJwillJbeJmostJhelpfulJtoJfarmJmanagersJfor
A) preparingJup-to-dateJfinancialJstatements.
B) balancingJlivestockJrations.
C) prescribingJfertilityJandJpestJcontrolJpracticesJforJsmallerJlandJunits.
D) producingJmoreJuniformJproducts.
9) StandardizationJofJfarmJfinancialJratiosJandJaccountingJpracticesJwillJhelpJfarmJmanagers
A) competeJwithJnonfarmJbusinessesJforJcapital.
B) summarizeJtheirJaccountJbooksJinJlessJtime.
C) payJlessJincomeJtax.
D) manageJhiredJemployeesJmoreJeffectively.
10) AgriculturalJprocessorsJwillJprobablyJwantJmoreJuniformJproductsJinJtheJfutureJinJorderJto
A) payJlowerJpricesJtoJproducers.
PageJ|J3
, B) diversifyJtheirJproductJlines.
C) reduceJenvironmentalJcontamination.
D) makeJmoreJefficientJuseJofJprocessingJandJpackagingJequipment.
11) ByJformingJstrategicJalliances,JsmallJandJmedium-sizedJfarmersJandJranchersJcan
A) increaseJtheirJmanagerialJfreedom.
B) achieveJadvantagesJofJdiversification.
C) achieveJmarketingJadvantagesJthatJlargerJoperationsJenjoy.
D) increaseJtheirJownJvolumeJofJproduction.
12) AnJincreaseJinJtheJnumberJofJnonfarmersJlivingJinJruralJareasJwillJcause
A) farmlandJvaluesJtoJdecrease.
B) farmersJtoJpayJmoreJattentionJtoJoff-farmJeffectsJofJtheirJproductionJpractices.
C) lessJregulationJofJagriculturalJproductionJpractices.
D) profitJmaximizationJtoJbeJtheJonlyJcriterionJforJadoptingJnewJtechnologies.
13) GlobalizationJrefersJtoJtheJprocessJof
A) reducingJtradeJbarriersJamongJcountries.
B) protectingJaJcountry’sJfarmersJbyJtaxingJcompetingJproductsJfromJotherJcountries.
C) aJgradualJriseJinJtheJaverageJtemperatureJofJtheJearth.
D) countriesJproducingJaJgreaterJvarietyJofJagriculturalJproductsJforJtheirJownJneeds.
14) VerticalJintegrationJrefersJtoJtheJprocessJbyJwhichJfarmersJorJranchers
A) growJtallerJcrops.
B) growJaJgreaterJvarietyJofJproducts.
C) increaseJtheJsizeJofJtheirJoperationJbyJleasingJorJbuyingJmoreJland.
PageJ|J4
J J J J J J
on by Ronald Kay J J J
Complete Chapters 1-
J J
22 With Expert Verified Q&As| A+ PASS All Answers at the Back
J J J J J J J J J J J J
of Each Chapter
J J
PageJ|J1
, ChapterJ1.
TRUE/FALSEJ-JWriteJ'T'JifJtheJstatementJisJtrueJandJ'F'JifJtheJstatementJisJfalse.
1) InJtheJfuture,JfarmJmanagersJwillJhaveJtoJbeJconcernedJaboutJtheJenvironmentalJeffectsJofJtheirJpr
acticesJonJtheirJownJfarms,JbutJnotJawayJfromJtheirJownJfarm.
⊚J true
⊚Jfalse
2) StandardizedJaccountingJpracticesJforJfarmingJoperationsJwillJmakeJcomparisonsJwithJotherJfarmsJandJn
onfarmJbusinessesJmoreJmeaningful.
⊚J true
⊚Jfalse
3) OneJofJtheJmostJimportantJareasJinJwhichJadvancesJinJelectronicsJcanJhelpJfarmJmanagersJisJinJcol
lectingJtheJrawJdataJneededJtoJmakeJbetterJdecisions.
⊚J true
⊚Jfalse
4) SinceJfarmJmanagersJwillJbeJmakingJtheJsameJbasicJtypesJofJdecisionsJinJtheJ21stJcenturyJasJtheyJdidJinJtheJ
previousJcentury,JtheyJcanJrelyJonJrulesJofJthumbJtoJguideJtheirJactions.
⊚J true
⊚Jfalse
5) ProductJdifferentiationJmeansJproducingJcropsJandJlivestockJwithJdifferentJcharacteristicsJforJspecificJm
arkets.
⊚J true
⊚Jfalse
PageJ|J2
,6) EnteringJintoJverticalJintegrationJalliancesJhelpsJfarmsJorJranchesJbecomeJmoreJindependent.
⊚J true
⊚Jfalse
MULTIPLEJCHOICEJ-
JChooseJtheJoneJalternativeJthatJbestJcompletesJtheJstatementJorJanswersJtheJquestion.
7) OneJforceJthatJhasJhelpedJcauseJfarmsJinJtheJUnitedJStatesJtoJbecomeJlargerJandJfewerJis
A) competitionJfromJforeignJproducers.
B) lowerJproductionJcostsJperJunitJbyJspreadingJfixedJinvestmentJinJtechnologyJoverJmoreJunits.
C) moreJlaborJusedJinJagriculturalJproduction.
D) decliningJnonfarmJwageJrates.
8) ImprovedJdataJcollectionJtechnologyJsuchJasJsatelliteJorJdrone-
basedJphotographyJwillJbeJmostJhelpfulJtoJfarmJmanagersJfor
A) preparingJup-to-dateJfinancialJstatements.
B) balancingJlivestockJrations.
C) prescribingJfertilityJandJpestJcontrolJpracticesJforJsmallerJlandJunits.
D) producingJmoreJuniformJproducts.
9) StandardizationJofJfarmJfinancialJratiosJandJaccountingJpracticesJwillJhelpJfarmJmanagers
A) competeJwithJnonfarmJbusinessesJforJcapital.
B) summarizeJtheirJaccountJbooksJinJlessJtime.
C) payJlessJincomeJtax.
D) manageJhiredJemployeesJmoreJeffectively.
10) AgriculturalJprocessorsJwillJprobablyJwantJmoreJuniformJproductsJinJtheJfutureJinJorderJto
A) payJlowerJpricesJtoJproducers.
PageJ|J3
, B) diversifyJtheirJproductJlines.
C) reduceJenvironmentalJcontamination.
D) makeJmoreJefficientJuseJofJprocessingJandJpackagingJequipment.
11) ByJformingJstrategicJalliances,JsmallJandJmedium-sizedJfarmersJandJranchersJcan
A) increaseJtheirJmanagerialJfreedom.
B) achieveJadvantagesJofJdiversification.
C) achieveJmarketingJadvantagesJthatJlargerJoperationsJenjoy.
D) increaseJtheirJownJvolumeJofJproduction.
12) AnJincreaseJinJtheJnumberJofJnonfarmersJlivingJinJruralJareasJwillJcause
A) farmlandJvaluesJtoJdecrease.
B) farmersJtoJpayJmoreJattentionJtoJoff-farmJeffectsJofJtheirJproductionJpractices.
C) lessJregulationJofJagriculturalJproductionJpractices.
D) profitJmaximizationJtoJbeJtheJonlyJcriterionJforJadoptingJnewJtechnologies.
13) GlobalizationJrefersJtoJtheJprocessJof
A) reducingJtradeJbarriersJamongJcountries.
B) protectingJaJcountry’sJfarmersJbyJtaxingJcompetingJproductsJfromJotherJcountries.
C) aJgradualJriseJinJtheJaverageJtemperatureJofJtheJearth.
D) countriesJproducingJaJgreaterJvarietyJofJagriculturalJproductsJforJtheirJownJneeds.
14) VerticalJintegrationJrefersJtoJtheJprocessJbyJwhichJfarmersJorJranchers
A) growJtallerJcrops.
B) growJaJgreaterJvarietyJofJproducts.
C) increaseJtheJsizeJofJtheirJoperationJbyJleasingJorJbuyingJmoreJland.
PageJ|J4
