AGBM 102 PSU FINAL - QUESTIONS
-exam elaborations with 100% verified answer/solutions-
Excel & Succeed - academic year (2026-2027)
99 Q&A
Many cents of $1 worth of bread goes to suppliers of NON-FARM
INGREDIENTS?
2
Many cents of $1 worth of bread does the TRUCKER get?
4
Many cents of $1 worth of bread does the RETAILER get?
18
Many cents of $1 worth of bread does the BAKER get?
70
Many cents of $1 worth of bread does the FLOUR MILLER get?
2
Many cents of $1 worth of bread does the ELEVATOR OPERATOR get?
0
,How many cents of $1 worth of bread does a FARMER get?
4
Wisconsin produces a lot of hard cheese (e.g., cheddar) because:
a
"Cheese heads" live in Wisconsin and they like to consume lots of
cheese
b
Major centers of population are far away from Wisconsin,so it makes
sense to use milk in this way
c
Dairy farmers in Wisconsin have been making hard cheese for a long
time and don't want to change
d
It's cold a lot of the time in Wisconsin so using the milk available to
make hard cheese is less costly
B. Major centers of population are far away from Wisconsin,so it makes sense
to use milk in this way
Chickens used to produce eggs are much more scattered throughout the
US than chickens raised for meat because:
a
Unlike egg production, raising chickens for meat requires specialized
knowledge and equipment
b
Only people who live in certain parts of the country like to raise chickens
for meat
c
There is a long tradition of raising chickens for eggs in many parts of the
US
d
Eggs are fragile and difficult to transport, so it makes sense for
production to be more scattered
d. Eggs are fragile and difficult to transport, so it makes sense for production
to be more scattered
,Which of the following is NOT a type of utility provided by markets in the
food system?
a
Financial
b
Form
c
Place
d
Time
a
Financial
Which of the following agents receives the largest share of a dollar's
worth of bread?
a
Retailer
b
Baker
c
Farmer
d
Miller
b
Baker
The case study on processing frozen peas shows that:
a
it is important to purchase peas when they're cheap
b
it is important to manage carefully the supply of fresh peas to the
processing plant
c
processing other fresh vegetables is more important than peas
d
it is important to store fresh peas for processing later
b
it is important to manage carefully the supply of fresh peas to the processing
plant
, Which of the following accounts for the largest share of marketing costs
for US food products?
a
Profits
b
Transportation
c
Labor
d
Energy
c
Labor
Which of the following statements is NOT correct
a
The long-term trend in the US is towards less consumption of beef per
person
b
The majority of consumers do not seem to change their consumption of
beef when its price changes
c
Concerns over the health implications of consuming red meat have
probably contributed to a fall in beef consumption
d
As beef consumption has declined US consumers have switched to
consuming pork
d
As beef consumption has declined US consumers have switched to
consuming pork
If bad weather leads to a smaller wheat crop, we would expect this to
cause:
a
A change in demand for wheat
b
A change in the quantity of wheat demanded
b
A change in the quantity of wheat demanded
-exam elaborations with 100% verified answer/solutions-
Excel & Succeed - academic year (2026-2027)
99 Q&A
Many cents of $1 worth of bread goes to suppliers of NON-FARM
INGREDIENTS?
2
Many cents of $1 worth of bread does the TRUCKER get?
4
Many cents of $1 worth of bread does the RETAILER get?
18
Many cents of $1 worth of bread does the BAKER get?
70
Many cents of $1 worth of bread does the FLOUR MILLER get?
2
Many cents of $1 worth of bread does the ELEVATOR OPERATOR get?
0
,How many cents of $1 worth of bread does a FARMER get?
4
Wisconsin produces a lot of hard cheese (e.g., cheddar) because:
a
"Cheese heads" live in Wisconsin and they like to consume lots of
cheese
b
Major centers of population are far away from Wisconsin,so it makes
sense to use milk in this way
c
Dairy farmers in Wisconsin have been making hard cheese for a long
time and don't want to change
d
It's cold a lot of the time in Wisconsin so using the milk available to
make hard cheese is less costly
B. Major centers of population are far away from Wisconsin,so it makes sense
to use milk in this way
Chickens used to produce eggs are much more scattered throughout the
US than chickens raised for meat because:
a
Unlike egg production, raising chickens for meat requires specialized
knowledge and equipment
b
Only people who live in certain parts of the country like to raise chickens
for meat
c
There is a long tradition of raising chickens for eggs in many parts of the
US
d
Eggs are fragile and difficult to transport, so it makes sense for
production to be more scattered
d. Eggs are fragile and difficult to transport, so it makes sense for production
to be more scattered
,Which of the following is NOT a type of utility provided by markets in the
food system?
a
Financial
b
Form
c
Place
d
Time
a
Financial
Which of the following agents receives the largest share of a dollar's
worth of bread?
a
Retailer
b
Baker
c
Farmer
d
Miller
b
Baker
The case study on processing frozen peas shows that:
a
it is important to purchase peas when they're cheap
b
it is important to manage carefully the supply of fresh peas to the
processing plant
c
processing other fresh vegetables is more important than peas
d
it is important to store fresh peas for processing later
b
it is important to manage carefully the supply of fresh peas to the processing
plant
, Which of the following accounts for the largest share of marketing costs
for US food products?
a
Profits
b
Transportation
c
Labor
d
Energy
c
Labor
Which of the following statements is NOT correct
a
The long-term trend in the US is towards less consumption of beef per
person
b
The majority of consumers do not seem to change their consumption of
beef when its price changes
c
Concerns over the health implications of consuming red meat have
probably contributed to a fall in beef consumption
d
As beef consumption has declined US consumers have switched to
consuming pork
d
As beef consumption has declined US consumers have switched to
consuming pork
If bad weather leads to a smaller wheat crop, we would expect this to
cause:
a
A change in demand for wheat
b
A change in the quantity of wheat demanded
b
A change in the quantity of wheat demanded
