AGEC 340 Exam Questions and Answers
Graded A+
The Food & Agribusiness System consists of _____ of businesses - Correct
answer-Thousands
_____ is the driver of success in the Food & Agribusiness System - Correct
answer-Management
a CEO of a global firm has _____ compared to a small farm owner - Correct
answer-smaller role(s)
_____ is one of the four functions of management - Correct answer-Marketing
_____ is one of the four functions of management - Correct answer-Finance
_____ is one of the four functions of management - Correct answer-Supply Chain
_____ is one of the four functions of management - Correct answer-Human
Resources
Marketing is the _____ to the customer - Correct answer-Bridge
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
, Decisions in marketing include _____ - Correct answer-Product, service, info,
price, promotion, distribution
The main driver of finance is _____ - Correct answer-Profit
Finance uses tools like _____ - Correct answer-Budgeting, forecasting, breakeven
analysis
A key idea in supply chain management is _____ - Correct answer-Time-based
advantage (faster response, shorter cycles)
The core asset in human resources is _____ - Correct answer-People
Training and development in human resources are key to _____ - Correct answer-
Growth
What Makes Agriculture Unique - Correct answer-
Food is considered a _____ good - Correct answer-Survival (essential)
Agriculture is based on a _____ system - Correct answer-Biological (affected by
weather, pests, disease, weeds)
Agriculture faces risk and uncertainty from _____ - Correct answer-Drought,
flood, insects, disease
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
Graded A+
The Food & Agribusiness System consists of _____ of businesses - Correct
answer-Thousands
_____ is the driver of success in the Food & Agribusiness System - Correct
answer-Management
a CEO of a global firm has _____ compared to a small farm owner - Correct
answer-smaller role(s)
_____ is one of the four functions of management - Correct answer-Marketing
_____ is one of the four functions of management - Correct answer-Finance
_____ is one of the four functions of management - Correct answer-Supply Chain
_____ is one of the four functions of management - Correct answer-Human
Resources
Marketing is the _____ to the customer - Correct answer-Bridge
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
, Decisions in marketing include _____ - Correct answer-Product, service, info,
price, promotion, distribution
The main driver of finance is _____ - Correct answer-Profit
Finance uses tools like _____ - Correct answer-Budgeting, forecasting, breakeven
analysis
A key idea in supply chain management is _____ - Correct answer-Time-based
advantage (faster response, shorter cycles)
The core asset in human resources is _____ - Correct answer-People
Training and development in human resources are key to _____ - Correct answer-
Growth
What Makes Agriculture Unique - Correct answer-
Food is considered a _____ good - Correct answer-Survival (essential)
Agriculture is based on a _____ system - Correct answer-Biological (affected by
weather, pests, disease, weeds)
Agriculture faces risk and uncertainty from _____ - Correct answer-Drought,
flood, insects, disease
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
