AGEC 318 KSU- REAL EXAM QUESTIONS WITH
EXPERT VERIFIED ANSWERS FOR GUARANTEED
PASS | LATEST UPDATE 2025
5 Characteristics in agribusiness firms - ✔✔family-orientation intent
location/commodity-based
risk-management/mitigation
indigestible/wearable product
relatively high perishability
Agribusiness Today - ✔✔Connection to agriculture
connection to the sciences
connection to financial structures
subject to political considerations
characterized as economic paradox
close ties to natural resources
Manager according to an economist - ✔✔the manager is one who directs resources
Economics - ✔✔is a social science of mkaing decisions in the presence of scarce
resources
Managerial economics - ✔✔is the study of how to direct scarce resources in the way
that most efficiently and effectively achieves a managerial goal
, Levels of Management - ✔✔Top, middle, and first line managers
Top Management - ✔✔Set overall organizing goals
determine strategy and operating policy
Middle Managers - ✔✔Largest group
implement strategies and policies
coordinate work of lower-level managers
First-line manager - ✔✔supervise operating employees
Areas of management - ✔✔marketing managers
operations managers
finance managers
human resource managers
administrative managers
The manager's roles - ✔✔Formal role
interpersonal role
informational role
decisional role
Formal Role - ✔✔authority status, primary decisions
Interpersonal role - ✔✔Figurehead, liason
EXPERT VERIFIED ANSWERS FOR GUARANTEED
PASS | LATEST UPDATE 2025
5 Characteristics in agribusiness firms - ✔✔family-orientation intent
location/commodity-based
risk-management/mitigation
indigestible/wearable product
relatively high perishability
Agribusiness Today - ✔✔Connection to agriculture
connection to the sciences
connection to financial structures
subject to political considerations
characterized as economic paradox
close ties to natural resources
Manager according to an economist - ✔✔the manager is one who directs resources
Economics - ✔✔is a social science of mkaing decisions in the presence of scarce
resources
Managerial economics - ✔✔is the study of how to direct scarce resources in the way
that most efficiently and effectively achieves a managerial goal
, Levels of Management - ✔✔Top, middle, and first line managers
Top Management - ✔✔Set overall organizing goals
determine strategy and operating policy
Middle Managers - ✔✔Largest group
implement strategies and policies
coordinate work of lower-level managers
First-line manager - ✔✔supervise operating employees
Areas of management - ✔✔marketing managers
operations managers
finance managers
human resource managers
administrative managers
The manager's roles - ✔✔Formal role
interpersonal role
informational role
decisional role
Formal Role - ✔✔authority status, primary decisions
Interpersonal role - ✔✔Figurehead, liason
