Although the Average Farm Size Has Increased in Recent Years

question 137

Multiple Choice

Although the average farm size has increased in recent years, the majority of farmers operate as ______ businesses.

• A) small
• B) large
• C) government-owned
• D) partnerships

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Definitions:

Interest Payment

The amount paid by a borrower to a lender as compensation for the use of borrowed money, usually expressed as a percentage of the principal amount.

Premium on Bonds Payable

The amount by which the bond's selling price exceeds its face value, representing an additional cost to the issuer.

Par Value

The face value of a bond or stock as stated in the corporate charter, not necessarily related to its market value.

Installment Note Payable

A debt or obligation that is paid back in regular installments over a specified period, including both principal and interest payments.