Top 80+ Solved Agriculture Enterprise and Agro Based Industries MCQ Questions Answer
Q. Agribusiness enterprises are ____ business that integrate agricultural production, valueadded processing, packaging, distribution, and marketing activities.
a. complex
b. Compact
c. Original
d. None of the Above
Q. The demand for pork is determined by:
a. the price of pork.
b. income of the purchaser.
c. the price of substitute products.
d. all of the above.
Q. A dairy cow held for breeding and production purposes is known as a:
a. short-term asset.
b. intermediate asset.
c. capital asset.
d. long-term liability.
Q. Cattle futures are publicly traded on the:
a. New York Stock Exchange.
b. NASDAQ.
c. Chicago Board of Trade.
d. none
Q. Vertical integration is most common in which of the following agricultural enterprises?
a. horses
b. beef
c. grain
d. poultry
Q. Which of the following business types allows the most liability protection for the owners?
a. partnership
b. sole propietorship
c. corporation
d. partnership
Q. Which county produces the most poultry products in West Virginia?
a. Grant
b. Pendleton
c. Hampshire
d. Hardy
Q. Land is considered to be a:
a. short-term asset
b. long-term asset
c. intermediate-term asset
d. short-term liability
Q. Which of the following would most likely lead to an increase in soybean prices?
a. increased industrial use of soybean oils
b. increased number of hogs being fed
c. a small soybean crop
d. all of the above
Q. Which of the following is the equation for determining net worth?
a. Net Worth = Assets - Liabilities
b. Net Worth = Assets + Liabilities
c. Net Worth = Assets / Liabilities
d. Net Worth = Liabilities - Assets
Q. Solvency of a business can be determined by evaluating the:
a. cash flow statement
b. debt to equity ratio
c. price to earnings ratio
d. net income
Q. A plan of action for a business is known as a:
a. balance sheet
b. cash flow statement
c. budget
d. financial statement
Q. There are three types of goals known as short-term, intermediate, and long-term.
a. true
b. false
c. all
d. none