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

General Farm Management Quiz

Quiz
•
Other
•
9th Grade
•
Medium
Sierra Beaver
Used 2+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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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