Agricultural Business: Management

Match the following

• Materials derived from natural resources.

• Processed Goods

• Natural resources prepared for use by consumers or manufacturers.

• Raw Goods

• Changes raw goods into a more finished form.

• Processors

• Develops products for distribution from raw goods.

• Poducers

• Enterprise which derives its revenues from the sales of ag. products.

• Agribusiness

Match the following

• Process of increasing the value of a product before offering it to consumers.

• Value-added

• Change raw or processed goods into finished products.

• Finished Goods

• Processed goods formed into a product ready for consumer use.

• Manufacturers

• Provide intangible goods to consumers and other businesses.

• Service firms

• Moves finished goods from one business to another.

• Intermediaries

Match the following

• Person who makes charitable donations intended to benefit the cause of the non-profit organization

• Non-profit Organizations

• Business organizations with a single owner.

• Sole Proprietorships

• Firm or business owned and operated by its members. Benefits and profits are shared equally.

• Cooperative

  (co-op)

• Provide goods and services to businesses and individuals; operate on donations rather than profit

• Philanthropist

• Goods which cannot be physically touched. Usually a service, such as going to the doctor.

• Intangible Good

Match the following

• Partners share in the profits and losses of the business; both are equally liable for company debts.

• Limited Partnerships

• Legal agreement between two or more people to be responsible for a business.

• Unlimited Liability

• Partners have an unequal share and liability in the business.

• Partnership

• Complete personal responsibility for all business debts and losses.

• General Partnership

• Wealth in the form of money or property; used in a business by a person, partnership of corporation.

• Capital

Match the following

• is granted a charter recognizing it as a separate legal entity with its own rights and privileges

• Limited Liability

• Owners are responsible for amount of debts equal to amount of money invested in a company

• Franchisor

• Right/License to sell a company's product or service at a designated location

• Corporation

• Business which leases its trade name and operating system to another person.

• Separate Legal Entity

• Business which is granted a charter establishing its own rights, privileges, distinct from members

• Franchise

Match the following

• Main objective of establishing agreement in a group by joining people together.

• Participative Management Style

• Person or persons who pay a fee to a company to run a business under the franchisors Trade name

• Authoritative Management Style

• Encourages commitment and consensus among employees.

• Franchisee

• Leader dictates and controls all decisions in the job; provides long-term direction and vision

• Directive Management Style

• Maintains total control over the entire operation

• Affiliative Management Style

Match the following

• May be useful in managing any business or person; benefit users for its visual communication of info

• Pacesetting Management Style

• Structured with managers at the top and employees at the bottom. Organized by task they perform

• Coaching Management Style

• Encourages professional development among employees.

• Matrix Charts

• Leader sets high standards for accomplishing tasks

• Hierarchical Charts

• Convey a type of organizational management in which people with similar skills are pooled for work

• Organizational Charts

Match the following

• Established standards for minimum wages and overtime pay.

• Business Plan

• Written proposal describing a prospective business. Includes summary, analysis, marketing plan and +

• Migrant and Seasonal Agricultural worker Protection Act

• Safeguards migrant and seasonal ag workers in their interactions with contractors, employers, ect.

• Child labor law for agricultural employment

• Federal law which applies to migrant and local residents regardless of farm size.

• Fair Labor Standards act of 1938

• Are similar to hierarchical charts; place the management positions at the left side of the chart.

• Horizontal Charts

Match the following

• Regulated by the EPA and prevents discharge of pollutants into the water and ensures safe drinking W

• Pollution

• Protects human health and the Environment from the effect of pollution and set standards for air qua

• H-2A Programs

• Substance which is introduced into the environment which may be harmful or poisonous.

• Federal Clean Air Act

• Temporary ag programs; establishes a means for ag employers to bring foreign worker to the US

• Federal Clean water act

Match the following

• Regulates pesticide distribution, sale and use

• Federal Resources Conservation and Recovery Act

• Substance which destroys insects or other organisms harmful to the production of plants or animals

• Pesticide

• Protects investors from fraudulent account activities by Corporations and requires accurate records

• Sarbanes-Oxley Act

• Was created to provide guidelines for proper management of hazardous and non-hazardous solid waste.

• Federal Insecticide, Fungicide and Rodenticide Act