Midterm Ag Business Management Test Questions
Is ag or hunter-gatherer older?
Ag
groups that buy goods that another organizations produces are known as suppliers (t or f)
False
Seed and chemicals are considered as which type of agribusiness industries
Input
what is an example of a not mature market economy
Kuwait
The first person to describe the concept of bureaucracy was
Max Weber
Which level of management probably contains the largest number of managers in most organizations
Middle management
All economic activity in the food an fiber system are included in agribusiness (T or F)
True
Food and non-food products are part of agribusiness (T or F)
True
In the 1700-1800s the whole agribusiness value chain was essentially done on each farm (t or f)
True
Production activities in agribusiness include grading, storing, processing, and packaging (t or f)
True
Factors which make it costly for an organization to enter an industry as a new competitor are known as
barriers to entry
Risk mitigation is another word for
commodity
What thought emerged from the Hawthorne Studies
concern for the worker will lead to greater worker satisfaction, which will then lead to increased output
When we say the population of the US is "aging" this is an example of which type of force in the environment
demographic
Quality is a measure of what
efficiency
the degree to which forces in the environment change over time is known as
environmental change
All agribusiness organizations have a family orientation today (t of f)
false
There is general agreement about the need for organizations to engage in socially responsible behavior (t or f)
false
Today's business environments are so different from those of the past that historical information is of little value to managers (t or f)
false
the development of railroads and the telegraph was inconsequential to the development of ag (t or f)
false
At which level are technical skills important
first line
Agribusiness fostered the development of an entire industry of modern finance known as
hedging
What is true of the 'hunter-gatherer' model which preceded agriculture
hunting-fishing societies joined ag societies in other pursuits during the non-growing months
The resources that managers use to achieve goals exclude what
international
What is a strength of the quantitative management theory
it provides numerous decision-making tools and techniques
what challenges faced by managers reflect the judicial context in which an organization operates
legal
Which 2 roles when combined make the manager a vital link
monitor and disseminator
True traits of agribusiness companies
need risk mitigation, tied to a location/commodity, and have a short shelf life
Differences in what do not contribute to workforce diversity
occupation
Organizations that are not currently selling goods in a particular task environment but could choose to enter if they wanted are known as
potential competitors
What economic factor has affected management in the US
private ownership of property
when an organization hires a political lobbyist to influence legislators to pass laws in their favor this is an example of what
representing and protecting the organization
An approach to control uncertainties and potential dangers by assessing what those are, then developing strategies and tactics to reduce them, is known as
risk management
What could farm located along river not do in the 1800s
ship good to every state
Forces that spring from the social structure of a society are known as
sociocultural forces
Banking, transportation, and insurance are considered as which type of agribusiness industry
support
Conceptual skills enable managers to do what
take an overall view of how the parts of the organization interrelate and to think strategically
Disruptive technology
technology that prevents developing new markets
Operations management is concerned with
the application of various processes and systems used by an organization
What level of management is conceptual skills most important
top
A paradigm shift involves a radical change in thinking from the accepted point of view to a new one (t or f)
true
Agribusiness products generally are personal in that they are consumable or wearable (t or f)
true
Core agribusiness includes input, production, and output industries (t or f)
true
Demographic forces in the environment include gender and race (t or f)
true
Farming and ranching are core industries in agribusiness (t or f)
true
If the environment is stable and these is a low level of complexity, managers can use a mechanistic structure effectively (t or f)
true
Sociocultural, legal, technological, and global forces all make up an organizations general environment (t or f)
true
Technical skills are more important at the level of first-line than at other levels (t or f)
true
The general environment includes the economic, technological, sociocultural, political-legal, and international environments (t or f)
true
The judicial context in which an organization operates presents legal challenges to organizations (t or f)
true
The statement that identifies the scope of a company's operations in terms of products and markets is the mission statement (t or f)
true
There was little interest in management as a scientific field of study until about a hundred years ago (t or f)
true
approaching management problems as rational, logical, objective, and systematic ways is the essence of the science of management (t or f)
true
Why did the incentive pay plans established by Mayo for assembly men fail to work?
workers did not want to be "rate busters"
Globalization can cause what
workforce diversity
