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Final Exam in Commodity-Princess Rena Ramos 2

The document is a final examination for an Introduction to Agricultural Commodity course, containing multiple-choice questions, enumerations, discussions, and comparisons on various agribusiness topics. Key themes include challenges faced by farmers, the role of research institutions, and the importance of sustainability in agriculture. It also contrasts concepts such as policy versus economic pressures and entrepreneurship versus its impact on beneficiaries.

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Princess Rena Ramos
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14 views4 pages

Final Exam in Commodity-Princess Rena Ramos 2

The document is a final examination for an Introduction to Agricultural Commodity course, containing multiple-choice questions, enumerations, discussions, and comparisons on various agribusiness topics. Key themes include challenges faced by farmers, the role of research institutions, and the importance of sustainability in agriculture. It also contrasts concepts such as policy versus economic pressures and entrepreneurship versus its impact on beneficiaries.

Uploaded by

Princess Rena Ramos
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Name: Princess Rena T.

Ramos Date: December 17, 2024


Grade/Year/Section: BTVTEd-3-ACP Rating:

FINAL EXAMINATION
INTRODUCTION TO AGRICULTURAL COMMODITY
TEST I. MULTIPLE CHOICE
1. B
2. B
3. D
4. A
5. A
6. A
7. D
8. D
9. A
10. D
11. A
12. D
13. D
14. D
15. D
TEST II. ENUMERATE THE FOLLOWING
1. Main Categories of Agribusiness. (3 pts.)
- Agriculture, livestock, and forestry

2. Challenges presently faced by the farmers in production. (3 pts.)


Farmers face a multitude of challenges in production, including:
 climate change
 Economic Pressure
 Limited Access of Modern Technology

3. Enterprises focus on agricultural production and contribute to the success of agribusiness. (8 pts.)
Enterprises that focus on agricultural production contribute to the success of agribusiness:
1. Government Agencies
2. Research institutions
3. Financial Institutions
4. Logistics and transportation Companies
5. Packaging Companies
6. Food Processing Equipment Manufacturers
7. Food Services Company
8. Food retailers

3. Opportunities for Collaboration between Agribusiness and other enterprise. (4pts.)

- Access to new markets, Shared resources and expertise innovation and Product Development, and
Risk Mitigation
-
4. Agribusiness Management Functions. (4pts.)

The main functions of agribusiness management are:


1. Planning
2. Organizing
3. Controlling
4. Leading
Test III. Discussions: Answer briefly the following items below. (15 pts. )
1. Strengthen Supply Chains and Policy Advocacy.
Strengthening supply chains requires a multi-pronged approach. This
includes diversifying sourcing, building resilience against disruptions, and investing in
infrastructure. Policy advocacy is crucial to ensure favorable regulations that support these
efforts. This might involve advocating for trade agreements, infrastructure investment,
and policies that promote domestic production.

2. The role of Research institution to advancement of Agribusiness sector.


Research institutions play a crucial role in advancing the agribusiness sector by driving
innovation, improving productivity, and addressing challenges in agriculture. They
develop cutting-edge technologies, such as precision farming, sustainable practices, and
climate-resilient crop varieties, which enhance efficiency and profitability for
agribusinesses. Through research, these institutions provide insights into market trends,
supply chain optimization, and consumer behavior, enabling agribusiness stakeholders to
make informed decisions.

3. Promoting Agricultural Sustainability and Environmental Stewardship.

Promoting agricultural sustainability and environmental stewardship is essential for ensuring long-
term food security while preserving natural resources. Sustainable agriculture emphasizes practices that
balance productivity with environmental protection, such as crop rotation, conservation tillage,
integrated pest management, and the use of renewable energy. Environmental stewardship involves
responsibly managing land, water, and biodiversity to minimize pollution, reduce greenhouse gas
emissions, and maintain ecological balance. By adopting sustainable practices, engaging in responsible
resource use, and fostering innovation, stakeholders in agriculture can contribute to a resilient food
system that supports both human and environmental health.

Test IV. Contrast and Compare the following terms. (20 pts. )
1. Policy and Regulation VS. Economic Pressures

Policy and regulation often aim to ensure sustainable practices, environmental protection, and fair trade within
the agricultural sector, but they can sometimes clash with economic pressures faced by stakeholders. Farmers
and agribusinesses operate under market-driven demands, such as cost competitiveness, consumer preferences,
and profit margins, which may challenge compliance with stringent policies. While regulations can impose
costs or restrict certain practices, they also provide a framework for long-term stability and equity. Balancing
these forces requires policies that incentivize sustainable economic practices, such as subsidies for eco-friendly
inputs, market access for sustainable products, and measures to reduce the financial burden of compliance,
fostering both economic growth and regulatory adherence.

2. Supply Chain Disruptions VS. Technology and Accessibility

Supply chain disruptions in agriculture, such as those caused by natural disasters, pandemics, or
geopolitical tensions, highlight vulnerabilities in the global food system. However, advancements in
technology and improved accessibility offer solutions to mitigate these challenges. Digital tools like
blockchain enhance transparency and traceability, while artificial intelligence optimizes logistics and
demand forecasting. Precision agriculture, supported by Iot devices and drones, helps ensure efficient
resource use and reduces waste. Increasing accessibility to these technologies, especially for
smallholder farmers, is crucial to building resilient supply chains that can adapt to disruptions and
ensure consistent delivery of food and agricultural products.

3. Entrepreneurship risk-taking VS. Entrepreneurs passion and drive.

Entrepreneurship inherently involves risk-taking, as entrepreneurs must navigate uncertainties related to


market demand, competition, and financial stability. These risks are particularly pronounced in dynamic sectors
like agribusiness, where factors like climate change and fluctuating commodity prices add complexity.
However, an entrepreneur's passion and drive often serve as the counterbalance to these challenges, fueling
resilience, innovation, and determination. Passion inspires creative problem-solving and persistence, while the
willingness to take calculated risks enables entrepreneurs to seize opportunities and drive growth. The interplay
between these qualities shapes successful ventures, turning challenges into stepping stones for transformative
impact.
4. Entrepreneurs Leadership VS. Entrepreneurs Impact to beneficiaries.

Entrepreneurial leadership focuses on guiding teams, making strategic decisions, and fostering
innovation to achieve business goals. A strong leader inspires others, builds cohesive teams, and
drives an organization toward success. However, an entrepreneur's true impact lies in how their
initiatives benefit stakeholders, such as employees, customers, and communities. By addressing
real-world problems, creating jobs, and delivering valuable products or services, entrepreneurs
can generate significant positive change for their beneficiaries. Effective leadership amplifies this
impact by ensuring sustainable growth and ethical practices, aligning business objectives with the
well-being of those they serve..

5. Diversification and Innovation VS. Sustainable Practices


Diversification and innovation aim to expand and improve products or services, while sustainable
practices focus on minimizing environmental impact and resource depletion. Both contribute to
long-term success, but diversification and innovation focus on growth, while sustainable practices
focus on responsible resource management

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