AGBS B3 Questions with complete
solution
What is the number 1 state for agricultural cash receipts? - correct answer
✔California
What is California's #1 agricultural commodity produced in terms of cash
receipts? - correct answer ✔Dairy products, more specifically: milk and
cream
What are some of California's advantages? - correct answer ✔Climate,
irrigation, crop diversity, and access to export mountains
Name the top 5 counties for agricultural cash receipts. - correct answer
✔Kern, Tulare, Fresno, Monterey, and Merced
Farmers make up what percentage of the U.S. population? - correct answer
✔2 percent of the U.S. population
What percentage of the U.S. population is employed directly or indirectly by
the Agribusiness industry? - correct answer ✔11%
Understand the marketing channel and what is involved in processing a
product from start to finish - correct answer ✔The people, organizations, and
activities necessary to transfer the ownership of goods from the point of
production to the point of consumption. It is the way products get to the end-
user, the consumer; and is also known as a distribution channel. Product,
price, place, promotion, physical environment, process, and people are all
involved in understanding the marketing channel
, Is profit built into the marketing channel? - correct answer ✔The profit that
goes into the marketing channel is 4.5%
What portion of the Marketing Bill goes back to the farm? - correct answer
✔16 cents
Farmers are price... - correct answer ✔TAKERS. (Price can only be
influenced by TOTAL number of farmers)
Define value-added agriculture, - correct answer ✔The process of changing
or transforming a product from its original state to a more valuable state
What are ways to create added value? - correct answer ✔Improve the
product/procedure or create new products/procedures
What is driving value-added? - correct answer ✔Adding MORE stuff to the
product to make it more valuable
Given an example, be able to determine if the product would be considered
value-added agriculture.
-An example of value added would be instead of ground beef it's pre-made
patties or instead of cucumbers it's pickles. - correct answer ✔It is seen as
more worth being that they were made differently
Know the tasks performed by each manager. - correct answer ✔Know what
financial, supply chain, marketing, sales, and human resources managers do
Financial Managers... - correct answer ✔use financial tools to make effective
decisions. Financial managers manage liabilities, assets, owner's equity, etc
solution
What is the number 1 state for agricultural cash receipts? - correct answer
✔California
What is California's #1 agricultural commodity produced in terms of cash
receipts? - correct answer ✔Dairy products, more specifically: milk and
cream
What are some of California's advantages? - correct answer ✔Climate,
irrigation, crop diversity, and access to export mountains
Name the top 5 counties for agricultural cash receipts. - correct answer
✔Kern, Tulare, Fresno, Monterey, and Merced
Farmers make up what percentage of the U.S. population? - correct answer
✔2 percent of the U.S. population
What percentage of the U.S. population is employed directly or indirectly by
the Agribusiness industry? - correct answer ✔11%
Understand the marketing channel and what is involved in processing a
product from start to finish - correct answer ✔The people, organizations, and
activities necessary to transfer the ownership of goods from the point of
production to the point of consumption. It is the way products get to the end-
user, the consumer; and is also known as a distribution channel. Product,
price, place, promotion, physical environment, process, and people are all
involved in understanding the marketing channel
, Is profit built into the marketing channel? - correct answer ✔The profit that
goes into the marketing channel is 4.5%
What portion of the Marketing Bill goes back to the farm? - correct answer
✔16 cents
Farmers are price... - correct answer ✔TAKERS. (Price can only be
influenced by TOTAL number of farmers)
Define value-added agriculture, - correct answer ✔The process of changing
or transforming a product from its original state to a more valuable state
What are ways to create added value? - correct answer ✔Improve the
product/procedure or create new products/procedures
What is driving value-added? - correct answer ✔Adding MORE stuff to the
product to make it more valuable
Given an example, be able to determine if the product would be considered
value-added agriculture.
-An example of value added would be instead of ground beef it's pre-made
patties or instead of cucumbers it's pickles. - correct answer ✔It is seen as
more worth being that they were made differently
Know the tasks performed by each manager. - correct answer ✔Know what
financial, supply chain, marketing, sales, and human resources managers do
Financial Managers... - correct answer ✔use financial tools to make effective
decisions. Financial managers manage liabilities, assets, owner's equity, etc
