General Farm Management Quiz

General Farm Management Quiz

9th Grade

15 Qs

quiz-placeholder

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General Farm Management Quiz

General Farm Management Quiz

Assessment

Quiz

Other

9th Grade

Medium

Created by

Sierra Beaver

Used 2+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following risk planning categories includes identifying and prioritizing risk, calculating probability of risk happening, and considering options?

Managerial

Intentional

Personal

Strategic

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Of the factors listed below, which is an example of a push factor encouraging people to have an off-farm job?

Lack of Health Care

Higher median income for off-farm employment

Better of Retirement benefits

All the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Corn harvested for grain and corn harvested for silage appear on the same enterprise budget?

a) Yes

b) No

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why has the number of US farms declined over time?

Economies of scale

International trade & comparative advantage

Needed Resources like childcare and

All the above

5.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

What machinery cost is equal to the annual ownership cost?

Only Interest

Purchase Price/ Ownership Life

DIRT15

List Price/ Ownership Life

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An economic concept that represents the loss of potential gain from another investment alternative is an example of what?

Marginal cost

Opportunity cost

Sunk cost

Fixed cost

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a measure of economic return?

Profit Margin

Return on Investment

Gross Revenue

Net Income

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