Which of the Following Statements Regarding the Agricultural Industry Is

question 47

Multiple Choice

Which of the following statements regarding the agricultural industry is correct?

• A)Economies of scale and consolidation have significantly reduced the degree of competition in the industry.
• B)Corporate farms now control more than 50 percent of the market for each of the major crops.
• C)The largest 5 percent of growers of any particular product are characterized by a small number of interdependent producers.
• D)Although farming has become increasingly concentrated over the last 70 years, it is still a highly competitive industry.

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Definitions:

Governmental Funds

Categories of funds used by governments to account for financial resources devoted to specific purposes other than business-type activities.

Current Financial Resources

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Government-Wide Financial Statements

Comprehensive financial reports that encompass all the financial activities of a government entity and its component units.

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