Chapter 1 - Quiz 2

The ability of the firm to maintain an environment-friendly operation and healthy business condition at all times is called

• Environmental Sustainability

• Social Sustainability

• Economic Sustainability

An occupational cluster, which focuses in creating and going into business in agriculture is known as

• Agriculture

• Agribusiness

• Investment

Agribusiness is the science and art of mobilizing, utilizing and managing economic resources to produce goods and services to generate profit.

• Agribusiness as a Field of Study

• Agribusiness as an Investment

• Agribusiness and Agriculture

It refers to the ability of the firm to maintain its employees, serve customers and sustain community relationships in the long run.

• Environmental Sustainability

• Social Sustainability

• Economic Sustainability

When an agribusiness enterprise produce beyond family consumption to have marketable surplus, it is called as

• Consumer oriented

• Profit oriented

• Market oriented

It is occupational cluster, which focuses in creating and going into business in agriculture.

• Agriculture

• Agribusiness

• Economics

It refers to the ability of the agribusiness firm to recover all its investments and generate sufficient income.

• Environmental Sustainability

• Social Sustainability

• Economic Sustainability

This connotes that agribusiness should not focus only on production of goods and services for self-subsistence.

• Profit orientation

• Consumer orientation

• Production orientation

Production, Marketing, Finance, Corporate Planning are called as

• Tools of trade

• Economic resources

• Business types

Land, labor, capital and entrepreneur are called as

• Factors of marketing

• Factors of production

• Factors of business