Intro 1
Intro 2
Planning a Business
Starting a Business
Managing a Business
100
All of the economic activity of the agricultural industry in producing food and fiber
What is Agribusiness
100
A business enterprise owned by one individual
What is Sole Proprietorship
100
A written statement of the goals of a business and the ways and means of achieving them
What is Business Plan
100
A statement of projected income and expenses for a business enterprise, individual, or organization
What is Budget
100
Choosing among alternative courses of action
What is Decision Making
200
A person who organizes and operates a business to meet a market need
What is Entrepreneur
200
Providing products and services that people want at a time and place they want them
What is Marketing
200
The chance for incurring a loss
What is Risk
200
Resources, particularly financial resources; accumulated money and property that have value
What is Capital
200
A management function that involves the ability to help an enterprise achieve its goals
What is Leading
300
A resource that is used to produce a product
What is input
300
A division or area of economic activity within agribusiness, including production, input, and marketing
What is Agribusiness Sector
300
Costs of a business enterprise that vary according to level of production
What is Variable Costs
300
An amount of money that remains after all costs of doing business have been paid
What is Profit
300
The use of resources to achieve goals
What is Management
400
The way goods and services are owned, created, and exchanged
What is Economic System
400
A not-for-profit business association designed to provide goods and/or services for members
What is Cooperative
400
Costs of a business enterprise that do not vary according to levels of production
What is Fixed Costs
400
Liability of a business or an individual that is to be paid sometime in the future
What is Debt
400
A management function that involves establishing an internal framework in a business venture to promote goal achievement
What is Organizing
500
An artificial entity created under state law to conduct business and owned by shareholders who buy stock
What is Corporation
500
An economic system in which individuals make decisions, own property, and establish prices based on market forces
What is Free enterprise
500
A certificate or other written authorization obtained from an agency with the authority to issue such that approves an action
What is Permit
500
The transfer of risk in exchange for payment of a fee
What is Insurance
500
A management function that involves determining if the actions of a business enterprise are achieving the desired goals
What is Controlling
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