Potpourri
Microeconomics
Management
Ag Biz/Finance
5
Alfalfa, chickpeas, clover, peanuts, and soybeans are examples of what type of plants?
legumes
5
What is the fundamental source of monopoly power?
Barriers to enry
5
What term refers to the barrier that prevents women from passing through to more senior positions in organizations?
Glass ceiling
5
What is the preliminary prospectus, which has a statement on its cover that the registration statement has not yet become effective, referred to as?
Red Herring
10
What day of the year ranks second only to Thanksgiving when it comes to highest food consumption in the U.S.?
Super Bowl Sunday
10
If at a price of $50, 20 units are sold and at a price of $60, 0 units are sold, the price elasticity of demand of the good is:
Perfectly elastic
10
________ theory states that people are born with certain characteristics that predispose them to being leaders.
Trait Theory OR Great Man theory
10
What type of ratios measure a firm’s ability to meet short-term obligations?
liquidity ratios
15
What agricultural crop is sometimes known as milo?
sorghum
15
Which figure represents the variable cost curve for a firm?
D
15
What type of stores carry narrow product lines with deep assortments within those lines?
Specialty stores
15
What is a reduction in the amount of income on which taxes are owed?
Tax deduction
20
What agribusiness giant–whose brands include Purina, Nutrena, and Diamond Crystal Salt–is the largest privately-held company in the U.S. in terms of revenue?
Cargill
20
What is the change in consumption that results from a change in the relative price of goods while staying on the same indifference curve?
Substitution Effect
20
What does MBO stand for?
Management by objectives
20
What is the type of commodity-product spread that involves the purchase of soybean futures and the simultaneous sale of soybean meal and soybean oil futures?
Crush spread
25
Which U.S. president signed the first Endangered Species Act into law?
Richard Nixon
25
Suppose the demand for books goes down when the price of video games goes down. We can say that these two goods are ____________.
Substitutes
25
What is the formal channel that defines the lines of authority and accountability in a hierarchical organizational structure?
Chain of command
25
Diversification will not help reduce a portfolio's __________ risk.
systematic