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AGBM 102 Test 1 Question and answers verified to pass

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AGBM 102 Test 1 Question and answers verified to pass What is the food system? - correct answer -All of the processes involved in feeding a population. -It is vital -One in every 6 workers in the U.S. is employed in this. -Markets allow for it to run and work -Ensures we will have the food we want, when, and where we want it Economic agents are assumed to be - correct answer Rational Economics agents (Many individuals make bread) - correct answer Farmer: Produces the grain; 4 cents Elevator: Moves to a safe place for storage; 1 cent Miller: Turns grain t

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AGBM 102 Test 1 Question and answers
verified to pass
What is the food system? - correct answer ✔-All of the processes involved in
feeding a population.
-It is vital
-One in every 6 workers in the U.S. is employed in this.
-Markets allow for it to run and work
-Ensures we will have the food we want, when, and where we want it


Economic agents are assumed to be - correct answer ✔Rational


Economics agents (Many individuals make bread) - correct answer
✔Farmer: Produces the grain; 4 cents
Elevator: Moves to a safe place for storage; <1 cent
Miller: Turns grain to flour; 2 cents
Baker: Mixes & bakes bread; 70 cents
-This is where most of the cost is
Retailer: Sells to consumers; 18 cents
Trucker: Transportation; 4 cents


The food system is a global system - correct answer ✔Government policies
affect the food system in numerous ways. Diff areas determine the operation
of food production too.


"Robots" - correct answer ✔Have two concerns: No labor, reduced
pesticides

, The Farmwise machine - correct answer ✔Used to weed. The machine will
reduce the amount of pesticides & the potential that weeds may develop a
resistance to herbicides


Farmer - correct answer ✔Producer of raw materials


Assembler - correct answer ✔Moves materials to processor


Processor - correct answer ✔Processes materials


Distributor - correct answer ✔Supplies stores/restaurants


Food Service - correct answer ✔Interfaces with consumers


Consumer - correct answer ✔Eats/buys


Exchange - correct answer ✔Markets bring buyers and sellers together to
exchange product or something of value for a product. Storage,
transportation, processing
-Buying and Selling


Physical - correct answer ✔The parts of marketing process that deal with
product or input movement
-Storage, Transportation, processing


Enabling Functions - correct answer ✔Those that let the food system
operate smoothly but are less obvious.

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