When trying to decide between two enterprises to add to the farm, a producer would use a budget
Answer: partial
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Business Management
- A main advantage of product diversification is
- In a partnership each partner can be held responsible
- Most partnership divisions and terminations are caused by
- The most common legal structure of a farm business is the.
- Which type life insurance gives maximum protection at the least cost?
- The price of soybeans on the futures market could not fall from $6.00 to $1.00 during a single trading session because of the .
- I sold my old worn out tractor I had used for twenty years for $300.00. This is the .
- From which of the following can you make the best determination as to the financial status of a person?
- If the price and consumption of beef goes up then the demand for beef must be .
- The financial returns after all costs have been paid is called .
- The processes and services involved in moving a commodity from the producer to the ultimate consumer is called
- If demand rises and supply remains constant, price should?
- A person goes to the bank to secure a loan to finance a greenhouse operation. He say's "I don't have the money to start this by myself, I need more ."
- An estimate of costs and returns associated with a particular enterprise is a/an
- The bank officer will appraise my farm. This means he/she will:
- Thomas is a poultry producer for Gold Kist. I can purchase all the dressed chickens (originally from Thomas's farm) my family needs at the supermarket cheaper than I can raise and dress them myself. This can be explained by the theory
- Who is at the greatest risk?
- Which is considered a fixed asset?
- Joe's total cost for his strawberry operation this year was $800.00. If his gross receipts totaled $2,400.00, what was his percent return to investment?
- A friend borrows $2,000 and agrees to repay you at the end of three months. The interest is to be calculated at 12% per year compounded monthly. What is the total amount he/she will owe at repayment time?
- At what age will term life insurance cost a person the most?
- The people below have their current ratio of assets to liabilities listed beside their name. Based solely on this ratio which would you most likely lend money to?
- A good reason for keeping good records is
- Johnny was listing his assets for a bank loan. Which item below should be listed with his assets?
- Which is not a likely source of funds for short term (less than three years) loans?
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