Agribusiness and Entrepreneurship Quiz

What is agribusiness?

• Only farming activities

• Business involved in agricultural production and services

• Supermarket chains

Which of the following is an example of an agribusiness?

• A mobile phone store

• A fertilizer company

• A clothing boutique

Entrepreneurship involves:

• Avoiding risks

• Starting and managing a business

• Only working for others

One of the main characteristics of an entrepreneur is:

• Laziness

• Risk-taking

• Dependence

Which is not a part of the agribusiness system?

• Input supply

• Processing and distribution

• Entertainment industry

A major goal of agribusiness is to:

• Waste resources

• Generate profit from agricultural activities

• Reduce food production

The first step in developing a business plan is:

• Hiring employees

• Identifying a business idea

• Buying equipment

An example of a value-added agricultural product is:

• Raw rice

• Cooked rice in a ready-to-eat package

• Unprocessed corn

Which type of capital is used to start a business?

• Working capital

• Fixed capital

• Start-up capital

Marketing in agribusiness includes:

• Producing food only

• Selling and promoting farm products

• Only storing grains