AGEC 340 EXAM 1 TAMU- SPRINGFIELD
WITH CORRECT ANSWERS
Define zManagement: z- zcorrect zanswers z-The zart zand zscience zof zsuccessfully
zpursuing zdesired zresults zwith zthe zresources zavailable zto zthe zorganization
What zkind zof ztitles zmight za zmanager zhave? z- zcorrect zanswers z-Chief zExecutive
zOfficer, zPresident, zForeman, zSon zor zdaughter zor zspouse
What zare zmanagers zresponsible zfor? z- zcorrect zanswers z-Assuring zsuccessful
zcompletion zof zthe zfunctions, ztasks, zand zactivities zthat zwill zdetermine zan
zorganizations zsuccess
Define zAgribusiness zManagement? z- zcorrect zanswers z-The zmanagement zof zany
zfirm zinvolved zin zin zthe zfood zand zfiber zproduction zand zmarketing zsystem.
What zare zthe z4 zdifferent ztypes zof zfirms zdiscussed zin zthe zbook? z- zcorrect
zanswers z-Firms zthat
, 1) zMove zfinal zproducts zthrough zthe zfood zand zfiber zsystem zto zthe zultimate
zconsumer
2) zTransform zraw zagricultural zproducts zinto zthe zfinal zproducts zdesired zby
zconsumers
3) zProduce zraw zfood zand zfiber zproducts
4) zSupply zinputs zto zthe zfarm zor zproduction zsector
What zare zthe z4 zkey zfunctions zof zmanagement zin zagribusiness? z- zcorrect
zanswers z--Marketing zmanagement
-Financial zmanagement
-Supply zChain zManagement
-Human zResource zManagement
Define zmarketing z- zcorrect zanswers z-Marketing zis zfocused zon zthe zprocess zby
zwhich zproducts zflow zthrough zthe zU.S. zfood zsystem zfrom zproducer zto zfinal
zconsumer. zIt zinvolves zthe zphysical zand zeconomic zactivities zperformed zin zmoving
zproducts zfrom zthe zinitial zproducer zthrough zintermediaries zto zthe zfinal zconsumer.
Define zMarketing zManagement z- zcorrect zanswers z-Understanding zcustomer zneeds
zand zeffectively zpositioning zand zselling zproducts zand zservices zin zthe zmarketplace.
zIntegration zof zselling, zadvertising, zweb zpage zdesign, zpromotions, znew zproduct
zdevelopment, zcustomer zservice, zand zpricing.
What zis zmarketing zmanagement zfocused zon? z- zcorrect zanswers z-Customer
zneeds, zwants, zand zcustomer zsatisfaction. zAlso, zcarefully zplanned zexecution zof
zhow, zwhy, zthere, zwhen zand zwho zsells za zproduct zor zservice zand zto zwhom zit zis
zsold.
What zare zsome zdecisions zmade zin zmarketing zmanagement? z- zcorrect zanswers z-
What zproducts zto zproduces, zwhat zdevices zto zoffer, zwhat zinformation zto zprovide,
zwhat zprice zto zcharge, zhow zto zpromote zthe zproduct, zand zhow zto zdistribute zthe
zproduct.
What zis zthe zdriver zfor zagribusinesses zas zthey zwork zto zgenerate zthe zgreatest
zpossible zreturns zfrom ztheir zresources? z- zcorrect zanswers z-Profit
________ z__________ zis zinvolved zin zgenerating zthe zdata zneeded zto zmake zgood
zdecisions, zusing zthe ztools zof zfinance zto zmake zeffective zdecisions, zand zmanaging
zthe zassets, zliabilities, zand zowner's zinvestment zin zthe zfirm. z- zcorrect zanswers z-
Financial zManagement
What zdocuments zcan zprovide za zwealth zof zinformation zuseful zin zin zmaking
zdecisions? z- zcorrect zanswers z-Balance zsheets zand zincome zstatements
__________ z____________ zfocuses zon zthe zpush zfor zquality, zthe zdrive zfor zlower
zcosts, zchanges zin zthe zsupply zchain zand zgeneral zpressures zto zbe zmore zefficient
WITH CORRECT ANSWERS
Define zManagement: z- zcorrect zanswers z-The zart zand zscience zof zsuccessfully
zpursuing zdesired zresults zwith zthe zresources zavailable zto zthe zorganization
What zkind zof ztitles zmight za zmanager zhave? z- zcorrect zanswers z-Chief zExecutive
zOfficer, zPresident, zForeman, zSon zor zdaughter zor zspouse
What zare zmanagers zresponsible zfor? z- zcorrect zanswers z-Assuring zsuccessful
zcompletion zof zthe zfunctions, ztasks, zand zactivities zthat zwill zdetermine zan
zorganizations zsuccess
Define zAgribusiness zManagement? z- zcorrect zanswers z-The zmanagement zof zany
zfirm zinvolved zin zin zthe zfood zand zfiber zproduction zand zmarketing zsystem.
What zare zthe z4 zdifferent ztypes zof zfirms zdiscussed zin zthe zbook? z- zcorrect
zanswers z-Firms zthat
, 1) zMove zfinal zproducts zthrough zthe zfood zand zfiber zsystem zto zthe zultimate
zconsumer
2) zTransform zraw zagricultural zproducts zinto zthe zfinal zproducts zdesired zby
zconsumers
3) zProduce zraw zfood zand zfiber zproducts
4) zSupply zinputs zto zthe zfarm zor zproduction zsector
What zare zthe z4 zkey zfunctions zof zmanagement zin zagribusiness? z- zcorrect
zanswers z--Marketing zmanagement
-Financial zmanagement
-Supply zChain zManagement
-Human zResource zManagement
Define zmarketing z- zcorrect zanswers z-Marketing zis zfocused zon zthe zprocess zby
zwhich zproducts zflow zthrough zthe zU.S. zfood zsystem zfrom zproducer zto zfinal
zconsumer. zIt zinvolves zthe zphysical zand zeconomic zactivities zperformed zin zmoving
zproducts zfrom zthe zinitial zproducer zthrough zintermediaries zto zthe zfinal zconsumer.
Define zMarketing zManagement z- zcorrect zanswers z-Understanding zcustomer zneeds
zand zeffectively zpositioning zand zselling zproducts zand zservices zin zthe zmarketplace.
zIntegration zof zselling, zadvertising, zweb zpage zdesign, zpromotions, znew zproduct
zdevelopment, zcustomer zservice, zand zpricing.
What zis zmarketing zmanagement zfocused zon? z- zcorrect zanswers z-Customer
zneeds, zwants, zand zcustomer zsatisfaction. zAlso, zcarefully zplanned zexecution zof
zhow, zwhy, zthere, zwhen zand zwho zsells za zproduct zor zservice zand zto zwhom zit zis
zsold.
What zare zsome zdecisions zmade zin zmarketing zmanagement? z- zcorrect zanswers z-
What zproducts zto zproduces, zwhat zdevices zto zoffer, zwhat zinformation zto zprovide,
zwhat zprice zto zcharge, zhow zto zpromote zthe zproduct, zand zhow zto zdistribute zthe
zproduct.
What zis zthe zdriver zfor zagribusinesses zas zthey zwork zto zgenerate zthe zgreatest
zpossible zreturns zfrom ztheir zresources? z- zcorrect zanswers z-Profit
________ z__________ zis zinvolved zin zgenerating zthe zdata zneeded zto zmake zgood
zdecisions, zusing zthe ztools zof zfinance zto zmake zeffective zdecisions, zand zmanaging
zthe zassets, zliabilities, zand zowner's zinvestment zin zthe zfirm. z- zcorrect zanswers z-
Financial zManagement
What zdocuments zcan zprovide za zwealth zof zinformation zuseful zin zin zmaking
zdecisions? z- zcorrect zanswers z-Balance zsheets zand zincome zstatements
__________ z____________ zfocuses zon zthe zpush zfor zquality, zthe zdrive zfor zlower
zcosts, zchanges zin zthe zsupply zchain zand zgeneral zpressures zto zbe zmore zefficient
