Agribusiness Final Exam Review
(updated) questions n answers
Strategic planning focuses on which of the following key areas? - correct answer ✔✔The
strategic plan, business plan, and marketing plan
The "Roots and Fruits" tree represents which of the following types of ag risk? - correct answer
✔✔human resource
Firms that choose to adopt the cooperative form of business organization will benefit by
avoiding double taxation. - correct answer ✔✔true
Farming is one of the few industries in which family members are also at risk for fatal and
nonfatal injuries. - correct answer ✔✔true
Congress passed the inaugural clean water act in 1948 to restore and maintain the chemical,
physical, and biological integrity of the nation's waters - correct answer ✔✔true
Some state legislatures have adopted a limited exception that applies to farm owners or tenants
who operate a "pick your own business" - correct answer ✔✔true
Marketing promotion consists of 7 major modes of communications including... - correct answer
✔✔personal selling, advertising, word or mouth, direct marketing
Which of the following represent a source of human resource risks faced by agribusiness
managers? - correct answer ✔✔inadequate training
(updated) questions n answers
Strategic planning focuses on which of the following key areas? - correct answer ✔✔The
strategic plan, business plan, and marketing plan
The "Roots and Fruits" tree represents which of the following types of ag risk? - correct answer
✔✔human resource
Firms that choose to adopt the cooperative form of business organization will benefit by
avoiding double taxation. - correct answer ✔✔true
Farming is one of the few industries in which family members are also at risk for fatal and
nonfatal injuries. - correct answer ✔✔true
Congress passed the inaugural clean water act in 1948 to restore and maintain the chemical,
physical, and biological integrity of the nation's waters - correct answer ✔✔true
Some state legislatures have adopted a limited exception that applies to farm owners or tenants
who operate a "pick your own business" - correct answer ✔✔true
Marketing promotion consists of 7 major modes of communications including... - correct answer
✔✔personal selling, advertising, word or mouth, direct marketing
Which of the following represent a source of human resource risks faced by agribusiness
managers? - correct answer ✔✔inadequate training
