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MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) 1) The food industry sector that is closest to the producer sector is the A) food service processors sector B) wholesalers sector C) at - home food processors sector D) retailers sector E) commodity processors sector 2) 2) The producer sector would NOT include a A) horticultural nursery B) Florida orange grove C) meat packing plant D) California wine grower E) none of the above 3) 3) According to the U.S. Department of Agriculture, a "farm" is any establishment that A) has sales (or expected sales) of agricultural commodities of at least $100 B) has sales (or expected sales) of agricultural commodities of at least $1,000 C) has ten or more acres in agricultural production D) has two or more acres in agricultural production 4) 4) Which of the following statements about biofuels is NOT true? A) Ethanol has fewer BTUs per gallon than gasoline. B) The use of soy oil in diesel engines began during the past decade. C) Most ethanol produced in the U.S. is made from corn. D) Ethanol is more corrosive than gasoline. E) Ethanol producers in the U.S. receive a substantial federal subsidy for every gallon produced. 5) 5) Food service distributors typically do NOT sell to A) restaurants B) food retailers C) university cafeterias D) fast food outlets E) hospitals 1 Chapter 1 Ag ricultural Economics 3e Evan Drummond John Goodwin (Test Bank All Chapters, 100% Origina l Verified, A+ Grade) Answers At The End Of Each Chapter 1 / 4
6) 6) Traditionally, market coordination was accomplished using A) management B) market news C) prices D) contracts E) none of the above 7) 7) In terms of number of farms, non - family, corporate farms are what proportion of total farms in the United States? A) 10% B) 60% C) 2% D) 20% E) 90% 8) 8) In terms of sales volume, the largest retail food company in the United States is A) Winn - Dixie B) Wal - Mart C) Kroger D) Safeway E) Piggly - Wiggly 9) 9) The average American farmer produces enough to feed approximately ________ people (both domestic and exports). A) 50 B) 250 C) 1,200 D) 150 E) 200 10) 10) Which of the following is NOT one of the major sectors of the food industry? A) the producer sector B) the farm service sector C) the food sector D) the processor sector E) the marketer sector 11) 11) A commodity processor would sell A) canned chicken noodle soup B) hamburger patties for McDonald's C) a frozen chicken pot pie D) tomato catsup E) soybean meal 12) 12) When American farm operators were asked to identify their primary occupation, the most common response was A) unemployed B) non - farm employment C) farming D) retired E) none of the above 2 2 / 4
13) 13) The most globalized food processor is A) Hormel B) Nestlé C) Campbell's D) Hershey Foods E) Tyson Foods 14) 14) Which food industry sector is closest to the final food consumer? A) the processor sector B) the farm service sector C) the marketer sector D) the producer sector E) the commodity processor sector 15) 15) Which of the following is part of the farm service sector? A) McDonald's B) Butterball turkeys C) Pepperidge Farms D) John Deere E) none of the above 16) 16) According to the U.S. Department of Agriculture, the number of farms in the United States is approximately A) 4 million B) 2 million C) 160,000 D) 840,000 E) 12 million 17) 17) Concentration among processors is a concern because concentrated firms A) gain market power B) are not competitive C) have lower costs D) have higher profits E) none of the above SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. 18) 18) Distinguish between commodity processors and food product processors. 19) 19) What is vertical integration in the food industry? 3 3 / 4
20) 20) When farm operators in the United States were asked what their primary occupation was, what was the most frequent response? 21) 21) What are the four major sectors in the food industry? 4
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