AGB101 agribuisness f01 quiz1to4

AGB101 agribuisness f01 quiz1to4 - AGB 101 Quiz 1 Fall 2001...

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Unformatted text preview: AGB 101 Quiz 1 Fall 2001 Name‘ [VI I u, I .. . .. ., ‘F“ I I —-——'_ Short Answer: (3 points each) “‘1 \JK-J 1. Give three reasons why California is the top agricultural state in the nation. Wort: Joly. [DH/U2. MW (GHCWOh/o (mg. 90 x O 8Tm lrflotoddomejcgaw cw QWO€OOYQFLQ£JMMWS ' am Wow 2. What are six of the top 10 agricultural commodities produced in California? . at!) UK, US M «9» . 3.“Describe thgie factors that impact agricultural trade, either positively or hegatively. WCOFW+§ N/JIT’T/Ax\ WV 1U (\- Jr WNW” 1100 W M We W . W 1 (L9 ' ‘ U .‘ \J J’25 2? w Wwfim fits» WWW (if!) (“fir -' gig/cg} qfi‘fiww AGB 101 w\.\r{d w at” G CO \ Quiz 2 8:00 MN“ Fall 2021 \L 0 Qt Na! A I 7 _-I -- if t W ‘36:) W J’p‘ n @M (99’? o ‘5 Short Answer (3 oints each)' fl/ 6% 0“ x} we (3‘) 1. Explain three things that supermarkets do to help keep you in the store longer — and A0 why they want you to stay in the store longer. (g3\ (Donal/toolng @3 - zicazok prod/Doe lo‘ms ‘3 depict/U15 [1 E] L3 tows/o Hog 04?ch W F @bulmfllgww; loom/K wot/\wa 1U“ Adi)“ m ‘i‘Q Fifi 01¢ ® ‘ - ' ‘ K L o a PU+ M 10%: on W O“? \blfls Wi/UUVQ Hm n * J 2. List the three wa er projects in California, tell where the mndme from and 1 at the primary user for each. - ll Will/{Mut- flaw/amt» W” “H1 O WfimafilwiGU/mghcuflvrz/in ww%%€ @ 9mg ware/r Pro} “GOV Wwflgpor‘lfi'w w @ Colorado tint/era?) duct 1 3. Explain the difference betwee lOU Wfov Vane Ila mmeymwd . liifine the following terms (2 pts each): m; fifié “f2? T1“ 4. Agricultural Marketing Channel a W Wm Rd hm VOW gm"? WWW Wm cow to WW \Ow M 5.Facilitatingfi1c:%tions m ON C"Q3\‘/\5\9l/\/\—9\./\. M42, Powwow W 4; mm aWOW 600‘“ Pvt/idiom CAAL 6m; {trowmdé’ 6'. Merchandising Ownol «Rmomxgwwwx 011251 OUQL exchanges. I5 w W‘tpoflg dm JFDPmOLUOeD to W m WM)ng W toth W VOWC 90W WWW -. «WWW mm“ pan/1cchpr W WCWK WW ‘YNUF C2911? 00* coopbnb 479% (hemmept on 03mm $317M amlues. d5 AGB 101 / ‘5 Quiz 3 bl * Fall 2001 NAB. U LCY True/False: Answer each question True or False. If False, correct the statement so that it reads true. 2 points each 7 {yanth l F 1. Tyson Foods’ acquisition of [BF is an example 0 VCft'lCEl' integration. 2. I Oligopolies spend a large portion of their budgets on advertising. 3. m The coffee industry is very profitable, due to the near-monopoly power in the retail market. k 4. E Wineries such as Gallo or Kendall Jackson would be an example of t o Pol L} compefitrvcmarket structure. 42/ 5. “F A marketing aggetckement is mandatory. 6. l Producers elect the board of directors for a cooperative. W 7. T; One non-grower member is appointed to a marketingwcgpuafive board. if 8. Z Marketing orders can set grade and size standards, W, fund research, and sponsor generic advertising. 9. j I Farmers might be involved both in a marketing order and a marketing cooperative for the same commodity. 10. l Congress authorized marketing orders in 193 7. 11. (r A two-thirds vote is required to approve a marketing order. J t2) i ‘2’; 1(5- 12. E It takes a to get a marketing order approved by an industry. . eoprJDf-bed awn WW Q 13. E The US. Supreme Court St-FH-Gk-éB-Va‘fi marketing orders‘ ability to generically advertise agricultural products. V96 14. 1: Marketing cooperatives are m important in the rest of the US. than California. 15. E A monopolistic competition market has W. . PW (3m MW W W035? 16. { Cooperatives give producers a chance to vertically integrate. “pm ’ at AGB 101 ' Quiz 4 Fall 2001 ,—‘ Name . w 07-! UV! [ K... Short Answer (3 points each): l corporations and limited liability companies. m )8 W1 MAW O’V\ We, menu/‘0 W3C)th M. 557‘?ng W W 0m)va Wont, (WM/K MW Mia‘me (Wigg- on \H/eq aim Moi/Wz otva LLqu Cmme W M’Lose, _W k; be. mama»va Weak Uiic/Q PWawvi/wa thwewjpj mic-meek mm I W 1. Describe the difierences in tax issues in sole proprietorships, general partnerships, fig 5 W W e 2. What are the differences between a bargaining cooperative and a marketing 45!... til,“ .‘ cooperative? WM W WW\ ,{é—a (AW pmwM/m/OW WW £5575 mack PmuitLL camfiff‘ um; Wee; (Les 1’an mid fired—15W megakW~ teapoij m mama/La (up [00+ 1 WWW mWU’P Wflw,w WMW Umw M 3. Explain how a cost such as depreciation is different from a cost such as hour] a r in a food processmg plant. WYEQ m m I (3 gm L mch - Whack Conic; W «no 40/1 View WOW 9m. mama; ‘ to Cure. W boil/Win \toU OM» pmcxc Seifiga MW 9 W _ Mfg/EM Din . \hjovu,‘ Lovwm I 01mm 0W WI cot-JUSCL mCWinMM WUVUJQ mew W W bow Define the following terms (2 pts each): .0 LESSlK/heg: ,_ a 335 % True and False: If you believe the statement is false, correct it so that it is true.'(2 pts each) 6. T Just over 10% of California farms produce 85% of the total value of agricultural output. 6?“ I. ’ 7\. Most farms and ranches in California are larger than 50 acres. (3 I Z L9 (00' ' 8. T The Central Valley project is a federally funded project. l F‘Few C ' ornia farms are corporate farms with more than $100,000 in sales. ' (5% ()0 VP- " 10 1 California exports nearly 1/4 of the value of its agricultural productioniZLl 0/295 E ta t 6/6 . The US. Census of Agriculture defines a farm as any household with more than $1000 in \ agriculturalpmfits. 9M6 3: . . . VPSlh‘Cfibr‘i Oh MOW we; fine/r Problems that California farms face include WW, more foreign Us, ‘/ competition and lower prices for their productsT‘SW 8 Be ‘ 5 Increasing agricultural production was the main reason for beginning darn constructio « inthe late 18003 inCalifomia. W lbl— QICW’\% W J ‘ 14. T‘Medium-sized farms are declining, both in California and across the US. 15. E California has been taking more than its entitled amount of water from the Colorado River for many years. agree LOW“ 16. 2F- Sources of water includes ground water, precipitation and the ff- 17. | Cotton and almonds are very dependent on the export market. w Cmofie CL ” ‘Qfl 18. l/ Farms across the country are getting as the numbers of . .z I - _I l9. . Japan and Canada were the top two export countries for California in 1999. ~ fibwmx‘fi We OUUL mpg; ; 20. 1: lean is currently a major trading partner for California agriculture. tam}: 9nme -W‘MPI True and False: If you believe the statement is false, correct it so that it is true (2 ts each . P ) W“ Form 7 F . Ease utility is added in both the storage and processing parts of the marketing ’\ channel. 8. 'T The price risk in an F.O.B. shipping point sale rests with the buyer. WW9 A '9. = l An acre-foot is enough to supply one persouls annual water needs. @ iThe amount of money spent of farm supplies in the marketing channel is greater than the farm value of domestic sales of food products. 1LT A cold storage warehouse would be part of the physical function of the marketing channel. 12. i: Barges, trams and all need secondary modes of transportation. I til 1‘ Eur Q-M 13. E Private grades and government grades have _ , ' standards. law/o Grocery stores typically make a 16-596 profit margin on a $100 of groceries. tsof 15.5 Labor costs are the largest part of the marketing bill for food. 16. ‘ l The marketing channel typically adds an additional $.80 to each $.20 worth of food sold from the farm. figmentle . I 17. F .High value-moie- products are those that typically use air freight for transportation. 1' v Si «C? c. {—4 0 VW Wham almond grower who starts a dairy operation is an example of W CL . . ht 5h“ 1/1 ‘5 l“-— 19. E Speculative middlemen usually work inleewar—isk markets. 20. I .The cost of marketing increases if a product is both seasonal and perishable. . (Form 21. E Wine stored in a barrel adds both time utility and place utility.. 22. ' I The exchange function is concerned with transferring ownership of products. 23. E Storing a product adds time utility, and has Him/tostSaSSOciated With it. Bonus Point 1: - Who is the U.S. Secretary of Agricultm Bunus Point 2: Name one of the U.S. Undersecretaries of Agriculture. iO-Q. ice/w ‘ W QUL MFA/Npr wt \HAQJV lat/003309? wwan W . p . I f\ /- to}? CmeFMOVig- Miais W m Wanda gym, Pn‘gg. 20. Explain why grain farmers are consider an example of perfectly competitive market . mam 01 VW W Lo-vwlw I “VOW. WM cmvaelwfim WWW 0‘le CMYL W W. “WU/1299 OWL VLblOQLM: Q/{VLM ‘pn Md WWW, {‘4‘ “SOL O/VCJ mmommw Prod/ugh W I Wm H 5/6 PM “WW 0100.0 tabome ado: 44mg J proon (Wm, M OPMDQoxéOsW VKQIVEQ “H WM ' 53w elqu lane _ PC OW t .L “Wings-aan MW Lou/{13 r. W -2. Explain the steps of getting a marketing order established. (4 points) W W firgfiflou (11on 06% OV CDPR 2W W 0609‘ W WNJ" (pmolMWa/kd {Ea/:1 A‘Z'gt/Lb‘ CW ow Vail/m mpmwoaab, Wm 0“ ' WW lea Mot io We / pmpbechN’l/w 0\ mm (5 WWW‘ at m Date, mpvppagflgfl fig HE W141 Wu W\O\5\OV§M WEN Vale- ‘WPQS \ ' W oG Wfi'fiw \M 190+? “Elm (@191: True and False: If you believe the statement is false, correct it so that it is true (2 pts each). 6. i I Both members and non-members pay the same price at supply cooperatives, with members receiving a dividend later. \8\dF LLC’s may be established W states. 9. I General partnerships end when one of the partners dies, unless prior arrangements are made. lad/Service cooperatives resulted from rural areas being underserved in such areas such as phone service, electricity and finance. Cooperatives We a profit on their members. ll mf’redl access to capital. 11. 12. E Sole proprietorships have 13 .S Corporations can choose how they can want to be taxed. l4.£ Sole proprietorships are the most common type W35 in the US. \ /\ 15f” ' are owned by their boards 0 irectors. S»; W) W Ml WOMW 16. ‘F Dissolving a corporation is / . . i 17. .l Partnerships can have unlimited numbers of partners. [8. 1 Limited partners are only liable for the amount of capital they have invested. l9. Sole proprietorships have the most flexibility, compared to other types of businesses. . 0x 5:00., W73 W“ {V2 . 29. I More than 75% of business conducted in the US. is through aw Bonus Points: Use the words affect and effect correctly in one or two sentences. (1 l A \ point) that/oat 0L SWW 6'0 " out: \otLQiz MES ...
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This homework help was uploaded on 02/13/2008 for the course AGB 101 taught by Professor Staff during the Fall '01 term at Cal Poly.

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AGB101 agribuisness f01 quiz1to4 - AGB 101 Quiz 1 Fall 2001...

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