Farm Management Exam 1 Questions with Correct Answers| Latest Update
Guaranteed Success
Management A set of activities directed at efficient and effective use of resources in pursuit
of one or more goals
One force that has helped cause U.S. farms to become larger and fewer Lower production
costs per unit by spreading fixed investment in technology over more units
Improved data collection technology such as satellite photography will be most helpful to farm
managers for Prescribing fertility and pest control practices for smaller land units
Ag processors will probably want more uniform products in the future in order to Make
more efficient use of processing and packaging equipment
Globalization refers to the process of Reducing trade barriers among countries
A short summary of why a particular business is in operation Mission statement
Example of a tactical decision Balancing a livestock ration
One characteristic that makes decision making in agriculture different from other types of
business is Fixed supply of a major resource
How much time is available to make a decision Imminence
In the future farm managers will have to be concerned about the environmental effects of their
practices on their own farms but not away from their own farm False
Guaranteed Success
Management A set of activities directed at efficient and effective use of resources in pursuit
of one or more goals
One force that has helped cause U.S. farms to become larger and fewer Lower production
costs per unit by spreading fixed investment in technology over more units
Improved data collection technology such as satellite photography will be most helpful to farm
managers for Prescribing fertility and pest control practices for smaller land units
Ag processors will probably want more uniform products in the future in order to Make
more efficient use of processing and packaging equipment
Globalization refers to the process of Reducing trade barriers among countries
A short summary of why a particular business is in operation Mission statement
Example of a tactical decision Balancing a livestock ration
One characteristic that makes decision making in agriculture different from other types of
business is Fixed supply of a major resource
How much time is available to make a decision Imminence
In the future farm managers will have to be concerned about the environmental effects of their
practices on their own farms but not away from their own farm False
