AEB 3133 EXAM 1 QUESTIONS AND CORRECT
ANSWERS 100% VERIFIED
In the U.S., agribusinesses employs close to what portion of the U.S. labor force? -
ANSWER about one-fourth or 25%
Which of the following is true of the chain of agribusiness? - ANSWER - ends with the
modification of materials of relatively high value
- begins with materials of low value
- each step adds value to the product
Which of the following has been true of agribusiness firms? - ANSWER - They were
perishable products
They considered risk management key.
They tended to start from a family orientation.
Seed and chemicals are considered as what type of agribusiness industries? -
ANSWER Input
Which of the following best describes "infrastructure"? - ANSWER The basic physical
and organizational structures needed for production and transportation
Which of the following is NOT a significant difference in how agribusinesses and other
businesses have developed? - ANSWER The competitive advantage of an agribusiness
was less likely to be rooted in a place.
Agriculture's linkage to the sciences is represented in all of the following types of
production and pre-production except: - ANSWER Transportation
, A risk management means an approach to control uncertainties and potential dangers
by assessing what those are, then developing strategies and tactics to reduce them -
ANSWER Risk Management
Which of the following may NOT qualify as an agribusiness? - ANSWER Producing
computers for farm tractors.
Agribusiness today is - ANSWER is connected to agriculture and regulated politically
What is the agribusiness value chain? ANSWER The value chain links the
production/harvesting of raw commodities with their transport to processing facilities,
then through shipping and distribution, and ultimately to the retailer or the consumer.
What are the four characteristics generally found in an agribusiness product? -
ANSWER They are or began as family enterprises; they are tied to an agricultural
commodity;generally the products are ingestible or wearable; and the products are
perishable.
Please describe in your own words what the main difference is between agribusiness
and traditional business. - ANSWER Family Orientation or Intent
Initially Tied to Location or Commodity
Needs Risk Mitigation
Manufactures Consumable or Wearable Products
Manufactures Highly Perishable Products
Management model - describe model, which element(s) do you believe is/would be the
most critical? - ANSWER The management model is a strategy on how the company will
go about making decisions and putting in place a structural system. One of the most
crucial elements on the model is planning and organization. It is tougher to run a
company without having any plan of execution. No plans have always led to complete
chaos and misunderstandings. The managerial plans are going to direct the company so
they stay on path to their future objectives. Organization gives plan a guide onto staying
on tract plus creates functionality. If a firm has nothing set up inside its system, then
everything there will run absolutely haywire.
ANSWERS 100% VERIFIED
In the U.S., agribusinesses employs close to what portion of the U.S. labor force? -
ANSWER about one-fourth or 25%
Which of the following is true of the chain of agribusiness? - ANSWER - ends with the
modification of materials of relatively high value
- begins with materials of low value
- each step adds value to the product
Which of the following has been true of agribusiness firms? - ANSWER - They were
perishable products
They considered risk management key.
They tended to start from a family orientation.
Seed and chemicals are considered as what type of agribusiness industries? -
ANSWER Input
Which of the following best describes "infrastructure"? - ANSWER The basic physical
and organizational structures needed for production and transportation
Which of the following is NOT a significant difference in how agribusinesses and other
businesses have developed? - ANSWER The competitive advantage of an agribusiness
was less likely to be rooted in a place.
Agriculture's linkage to the sciences is represented in all of the following types of
production and pre-production except: - ANSWER Transportation
, A risk management means an approach to control uncertainties and potential dangers
by assessing what those are, then developing strategies and tactics to reduce them -
ANSWER Risk Management
Which of the following may NOT qualify as an agribusiness? - ANSWER Producing
computers for farm tractors.
Agribusiness today is - ANSWER is connected to agriculture and regulated politically
What is the agribusiness value chain? ANSWER The value chain links the
production/harvesting of raw commodities with their transport to processing facilities,
then through shipping and distribution, and ultimately to the retailer or the consumer.
What are the four characteristics generally found in an agribusiness product? -
ANSWER They are or began as family enterprises; they are tied to an agricultural
commodity;generally the products are ingestible or wearable; and the products are
perishable.
Please describe in your own words what the main difference is between agribusiness
and traditional business. - ANSWER Family Orientation or Intent
Initially Tied to Location or Commodity
Needs Risk Mitigation
Manufactures Consumable or Wearable Products
Manufactures Highly Perishable Products
Management model - describe model, which element(s) do you believe is/would be the
most critical? - ANSWER The management model is a strategy on how the company will
go about making decisions and putting in place a structural system. One of the most
crucial elements on the model is planning and organization. It is tougher to run a
company without having any plan of execution. No plans have always led to complete
chaos and misunderstandings. The managerial plans are going to direct the company so
they stay on path to their future objectives. Organization gives plan a guide onto staying
on tract plus creates functionality. If a firm has nothing set up inside its system, then
everything there will run absolutely haywire.
