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PSU AGBM 102, Prof. Blandford – Midterm Question and answers 100% correct Why is it difficult to reduce tariffs on Agricultural imports? - correct answer Producers are able to block tariff cuts What accounts for the largest share of the marketing costs for U.S. food and agricultural products? - correct answer Labor What is the size of a regular supermarket in square feet up to which there are economies of scale in food retailing? - correct answer 30,000 What does NOT apply t...

My AGBM 338 Exam 2 Guide Questions with complete solution One advantage to the U.S. of a strong (appreciating) U.S. dollar is: a. U.S. exporters find it easier to compete on price abroad b. Tourists from other countries enjoy lower prices in the U.S., encouraging tourism c. U.S. consumers benefit from low prices on imports d. U.S. companies face less competitive pressure to keep prices low - correct answer c. U.S. consumers benefit from low prices on imports Which of the followin...

AGBU 2389, AGBU Bullion Exam 2, AGBU Exam 3 Question and answers already passed Management functions - correct answer (PIC): plan, implement, control. Partial Budgeting - correct answer -Method for analyzing the profit potential of small changes in the overall farm plan. -"Fine-tuning" an existing farm plan -Use information from enterprise budgets Assets (be able to explain) - correct answer Has value for one or both of 2 reasons: -Can be sold or generate cash -Used to ...

AGBU 2389 Test 1 Question and answers 100% correct Management of a farm or ranch can be divided into two broad categories, they are: - correct answer Strategic and Tactical Management Which of the following is NOT a characteristic of Agribusiness Decisions? - correct answer Competition Which of the following is included in the purpose and Use of Farm Record: - correct answer Prepare income tax returns, analysis in new investments, obtain loans, measure profits Farmable land is...

AGBU 2389 exam 2 Question and answers already passed owned or owed by a business or individual - correct answer A balance sheet is a systematic organization of everything... cost of production - correct answer average cost of producing one unit of a commodity is known as... true - correct answer the balance sheet and income statement are two different, yet related, financial statements. true - correct answer an enterprise budget provides an estimate of the potential revenue,...

AGBS B3 Questions with complete solution What is the number 1 state for agricultural cash receipts? - correct answer California What is California's #1 agricultural commodity produced in terms of cash receipts? - correct answer Dairy products, more specifically: milk and cream What are some of California's advantages? - correct answer Climate, irrigation, crop diversity, and access to export mountains Name the top 5 counties for agricultural cash receipts. - correct ans...

AGBM Quiz #1 and answers already passed Which fruits and vegetables currently have a GMO variety on the market in the U.S.? - correct answer Technically, just apples, but tomatoes also have the necessary approvals. Genome-editing (CRISPR-Cas9) - correct answer Used to introduce new genes into a plant or animal, or to make more subtle changes to individual DNA base pairs Transgenic GE crops - correct answer Uses genes from a different species Cisgenic GE crops - correct answer...