AGEC 278 Exam 1, Questions from quizzes 1-5
questions and answers passed
1. T/F: Adopting new technologies in agriculture
True
today increasingly involves evaluating the
benefits of that technology versus the long-run
impact on the environ- ment
2. A mission statement is A short summary of
why a business
esists
3. The increased number of non-farmers living in Farmers to prioritize
rural areas will cause envi- ronment
impacts of their
production practices
4. T/F: Entering into vertical integration contracts
with a large firm allows a producer to False
become much more independent in the
decision making process
5. External scanning could include assessing Change in consumer
tastes for a global
market
6. Globalization refers to the process of Increasing
international trade
by reducing trade
barriers among
countries
7. The one primary factor which makes decision Agriculture must
making in agriculture different than other types achieve eflciencies
of business is from a fixed or
diminishing supply of
land to remain
1/
13
, AGEC 278 Exam 1, Questions from quizzes 1-5
questions and answers passed
profitable
8. The primary economic force that has helped drive U.S. Lowering
production cost
farms to become larger and per unit by spreading fixed
fewer is costs over more
unitss
9. Control
2/
13
questions and answers passed
1. T/F: Adopting new technologies in agriculture
True
today increasingly involves evaluating the
benefits of that technology versus the long-run
impact on the environ- ment
2. A mission statement is A short summary of
why a business
esists
3. The increased number of non-farmers living in Farmers to prioritize
rural areas will cause envi- ronment
impacts of their
production practices
4. T/F: Entering into vertical integration contracts
with a large firm allows a producer to False
become much more independent in the
decision making process
5. External scanning could include assessing Change in consumer
tastes for a global
market
6. Globalization refers to the process of Increasing
international trade
by reducing trade
barriers among
countries
7. The one primary factor which makes decision Agriculture must
making in agriculture different than other types achieve eflciencies
of business is from a fixed or
diminishing supply of
land to remain
1/
13
, AGEC 278 Exam 1, Questions from quizzes 1-5
questions and answers passed
profitable
8. The primary economic force that has helped drive U.S. Lowering
production cost
farms to become larger and per unit by spreading fixed
fewer is costs over more
unitss
9. Control
2/
13
