Farm & Ranch Management Quiz #2
(2&3) questions n correct answers
What are the four functions of management? - correct answer ✔✔-Planning
-Implementation
-Control
-Adjustment
What is the feedback function? - correct answer ✔✔control
How does one participate in the feedback function or the control function? - correct answer
✔✔monitor results, record information, compare the results to a standards and take action to
correct it
What does strategic management consist of?
Is it short-term or long-term? - correct answer ✔✔charting the overall LONG-TERM course of
the business
What does tactical management consist of? - correct answer ✔✔taking SHORT-RUN actions that
keep the business moving along the course until the destination is reached
What are the steps of strategic management? - correct answer ✔✔1. Define the mission of the
business
2. Formulate goals for the farm/family
3. Access the resources available to the business
(2&3) questions n correct answers
What are the four functions of management? - correct answer ✔✔-Planning
-Implementation
-Control
-Adjustment
What is the feedback function? - correct answer ✔✔control
How does one participate in the feedback function or the control function? - correct answer
✔✔monitor results, record information, compare the results to a standards and take action to
correct it
What does strategic management consist of?
Is it short-term or long-term? - correct answer ✔✔charting the overall LONG-TERM course of
the business
What does tactical management consist of? - correct answer ✔✔taking SHORT-RUN actions that
keep the business moving along the course until the destination is reached
What are the steps of strategic management? - correct answer ✔✔1. Define the mission of the
business
2. Formulate goals for the farm/family
3. Access the resources available to the business
