AGEC 340 Exam Questions and Answers Graded A+

AGEC 340 Exam Questions and Answers
Graded A+

The Food & Agribusiness System consists of _____ of businesses - Correct

answer-Thousands

_____ is the driver of success in the Food & Agribusiness System - Correct

answer-Management

a CEO of a global firm has _____ compared to a small farm owner - Correct

answer-smaller role(s)

_____ is one of the four functions of management - Correct answer-Marketing

_____ is one of the four functions of management - Correct answer-Finance

_____ is one of the four functions of management - Correct answer-Supply Chain

_____ is one of the four functions of management - Correct answer-Human

Resources

Marketing is the _____ to the customer - Correct answer-Bridge




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, Decisions in marketing include _____ - Correct answer-Product, service, info,

price, promotion, distribution

The main driver of finance is _____ - Correct answer-Profit

Finance uses tools like _____ - Correct answer-Budgeting, forecasting, breakeven

analysis

A key idea in supply chain management is _____ - Correct answer-Time-based

advantage (faster response, shorter cycles)

The core asset in human resources is _____ - Correct answer-People

Training and development in human resources are key to _____ - Correct answer-

Growth

What Makes Agriculture Unique - Correct answer-

Food is considered a _____ good - Correct answer-Survival (essential)

Agriculture is based on a _____ system - Correct answer-Biological (affected by

weather, pests, disease, weeds)

Agriculture faces risk and uncertainty from _____ - Correct answer-Drought,

flood, insects, disease




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