AGEC 440 EXAM QUESTIONS WITH
CORRECT ANSWERS
What is agribusiness - CORRECT ANSWER✔✔-Agribusiness can be
| | | | | | | |
viewed as a number of interrelated sub sectors which work together
| | | | | | | | | | |
formally and informally to produce goods and services.
| | | | | | |
Agribusiness is a __________________. - CORRECT ANSWER✔✔-
| | | | | |
System
What is a driver of the agribusiness system? - CORRECT ANSWER✔✔-
| | | | | | | | | |
Consumer sovereignty |
Consumer Sovereignty - CORRECT ANSWER✔✔-over arching principle
| | | | | | |
that impacts agribusiness system. Provision of food products and
| | | | | | | | |
services that satisfy consumer well being.
| | | | |
Distinctive characteristics of the agribusiness sector - CORRECT
| | | | | | | |
ANSWER✔✔--Food is intertwined with culture, domestically and | | | | | | |
internationally |
- Uncertainty underlying biologic basis of crop and livestock production
| | | | | | | | |
, | - Political Intervention across sub sectors and between nations (US farm
| | | | | | | | | |
| bill) |
- Ag and Food Technology development
| | | | | |
• Private and public funded in food production (yield gains) and
| | | | | | | | | | |
processing (product innovations) | |
| - Competitive Structures: Highly concentrated
| | | | |
• Pork processing, Grain and Oilseed processing, Seed industry
| | | | | | | |
Education for agribusiness management - CORRECT ANSWER✔✔-Brings
| | | | | |
|the skills and expertise of different business functions together to
| | | | | | | | | |
implement strategy. |
Goals of Agribusiness management - CORRECT ANSWER✔✔-Focus on
| | | | | | | |
the decisions and actions of the managers with in the food and
| | | | | | | | | | | |
agribusiness sector. |
To understand and improve the performance of decision makers.
| | | | | | | |
Decision making: - CORRECT ANSWER✔✔-Biased(organizational cultural
| | | | |
influences, power)
| |
Subjective(experience)
Information processing limitations | |
Leadership and Charisma | |
Entrepreneurial
CORRECT ANSWERS
What is agribusiness - CORRECT ANSWER✔✔-Agribusiness can be
| | | | | | | |
viewed as a number of interrelated sub sectors which work together
| | | | | | | | | | |
formally and informally to produce goods and services.
| | | | | | |
Agribusiness is a __________________. - CORRECT ANSWER✔✔-
| | | | | |
System
What is a driver of the agribusiness system? - CORRECT ANSWER✔✔-
| | | | | | | | | |
Consumer sovereignty |
Consumer Sovereignty - CORRECT ANSWER✔✔-over arching principle
| | | | | | |
that impacts agribusiness system. Provision of food products and
| | | | | | | | |
services that satisfy consumer well being.
| | | | |
Distinctive characteristics of the agribusiness sector - CORRECT
| | | | | | | |
ANSWER✔✔--Food is intertwined with culture, domestically and | | | | | | |
internationally |
- Uncertainty underlying biologic basis of crop and livestock production
| | | | | | | | |
, | - Political Intervention across sub sectors and between nations (US farm
| | | | | | | | | |
| bill) |
- Ag and Food Technology development
| | | | | |
• Private and public funded in food production (yield gains) and
| | | | | | | | | | |
processing (product innovations) | |
| - Competitive Structures: Highly concentrated
| | | | |
• Pork processing, Grain and Oilseed processing, Seed industry
| | | | | | | |
Education for agribusiness management - CORRECT ANSWER✔✔-Brings
| | | | | |
|the skills and expertise of different business functions together to
| | | | | | | | | |
implement strategy. |
Goals of Agribusiness management - CORRECT ANSWER✔✔-Focus on
| | | | | | | |
the decisions and actions of the managers with in the food and
| | | | | | | | | | | |
agribusiness sector. |
To understand and improve the performance of decision makers.
| | | | | | | |
Decision making: - CORRECT ANSWER✔✔-Biased(organizational cultural
| | | | |
influences, power)
| |
Subjective(experience)
Information processing limitations | |
Leadership and Charisma | |
Entrepreneurial
