Top 250+ Solved Fundamentals of Rural Development MCQ Questions Answer
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
Q. Money that you owe for operating expenses is known as accounts receivable.
a. true
b. false
c. all
d. none
Q. Inventory values for December 31 of a given year should become the beginning values forthe following year on January 1.
a. true
b. false
c. all
d. none