Agribusiness Semester Exam Review

Coupons, contests, and rebates are examples of

• promotions

• publicity

• advertising

• personal selling

Sponsoring an event for a local charity is an example of ..

• promotions

• publicity

• advertising

• personal selling

In the Farming Game, when you harvest a crop, you put your money collected in which of the following columns on your spreadsheet?

• income

• expense

• notes payable

• cash

• assets

In the Farming Game, when you have to pay a bill such as a seed or fuel bill, you should place the amount in which of the following columns?

• income

• expense

• notes payable

• cash

• assets

When land is inherited, the value of the land should be placed in which columns?

• income

• equity

• notes payable

• cash

• assets

Which column(s) can money be added and subtracted during the game?

• income

• expense

• notes payable

• cash

• assets

Which account is the equivalent to a bank loan?

• income

• expense

• notes payable

• cash

• assets

Once a consumer is attracted to a product and their interest has developed, the final step in the AIDA plan is for the customer to ..

• AMEND THEIR DECISION

• ASSUME THE PRODUCT IS GOOD

• TAKE ACTION AND BUY THE PRODUCT/ SERVICE

• RESEARCH

Which of the following is a commodity?

• tractor

• corn

• fuel

• plastic

Production agriculture must occur before an agribusiness can occur.

• true

• false