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Name: ________________________ Program/ Year/ Section: __________ Score: _______

Midterm Examination

ABM 105 A– Introduction to Agricultural Commodity System

TEST I
Direction: Choose the letter of the correct answer. Write your answer on the space provided.

1. consist of initiators of production like Ka Juan, a rice farmer, and Dole Corp.
a. Producer subsytem c. Functional subsytem
b. Flow subsytem d. consumer subsystem
2. A marketing problem are in marketing agricultural products
a. products characteristics d. reflecting demand
b. number of producers e. all of the above
c. consumer’s characteristics
3. This approach covers consumer preference, demand and supply analysis, product and
characteristics and price behavior
a. commodity approach c. Functional approach
b. institutional approach d. none of these
4. It involves processing the product into a form desired by the consumer or user.
a. Form utility c. Place utility
b. Time utility d. Possession utility
5. It involves storing the product until the time it is desired by the consumer or user
a. Product c. Timeliness
b. Time utility d. none of these
6. It involves transporting the product to a location desired by the consumer or user.
individual
a. Market target c. Place utility
b. Both c and d d. Possession utility
7. Type of utility created when product are made available when they are most wanted by
consumers
a. Form utility c. place utility
b. time utility d. possession utility
8. What term is used to describe the new modalities in carrying out agribusiness through
interactive electronic transactions?
a. Traditional Agribusiness c. Bio-Agribusiness
b. e-Agribiz d. AgriTech Ventures
9. Refers to inter-firm coordination of activities between competitors to produce or deliver a
particular product or service.
a. horizontal Coordination c. Both A and B
b. Vertical Coordination d. None of the above
10. It is defined as a network of horizontally and vertically-related businesses that jointly aims at
working together towards providing products and services to a market.
a. Value chain analysis c. Chain
b. Value Chain d. All of the above
11. The synchronization of successive stages of production and marketing by a group of firms that
is led or facilitated by a dominant player.
a. horizontal Coordination c. Both A and B
b. Vertical Coordination d. None of the above

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Western Philippines University A STRONG PARTNER FOR SUSTAINABLE DEVELOPMENT

ACADEMIC AFFAIRS

12. It is an approach that analysis production unit or process in a market chain - from input
suppliers to final buyers – and the relationships among them.
a. Value chain analysis d. Production approach
b. commodity approach e. all of the above
c. Functional approach
13. A ‘value chain’ in agriculture describes the range of activities and set of actors that bring
agricultural product from production in the field to final consumption, wherein at each stage value
is added to the product.
a. Value chain analysis c. Chain
b. Value d. Value Chain

14. Consist of all the key players that provide services, however, optional, but crucial to the success
of an agribusiness venture.
a. Production Subsytem c. marketing Subsytem
b. processing Subsytem d. Support Subsytem
15. Here, all inputs such as fertilizers, seeds, machineries, etc, are manufactured, imported or
distributed.
a. Production Subsytem c. Input Subsytem
b. processing Subsytem d. Support Subsytem
16. Inputs are directly used for the production of an agricultural commodity as end-product in
itself or as a raw material for the production of others products.
a. Production Subsytem c. marketing Subsytem
b. processing Subsytem d. Support Subsytem
17. The commodities form the production subsystem are transformed into various products.
a. Production Subsytem c. Commodity approach
b. processing Subsytem d. none of these
18. This subsystem concerned with the transfer of goods from source to end-user.
a. marketing c. marketing Subsytem
b. both a and c d. Support Subsytem
19. Art of cultivating various categories of crops including animal husbandry, forestry, fishery and
other related activities.
a. Agriculture c. Agribusiness
b. Agri-operation d. both a and c
20. An economic unit, aims to sell goods and services to customers, at prices that will provide an
adequate return to its owners, commercialization of many enterprise.
a. economy c. trachea
b. respiratory d. business

21. What is agricultures to most people, Except.

a. Farming
b. Ranching
c. Fishing
d. a and b only
22. According to the Philippine agribusiness history principal exports are:
a. abaca, tobacco, copra and sugar
b. tobacco, copra and sugar
c. corn, tobacco, copra and sugar
d. all of these
23. This sector includes those firms that supply feed, seed, equipment, credit, insurance, chemicals,
and a whole host of other inputs that farmers use to produce crops and livestock.
a. Input sector
b. Production sector
c. Processing sector
WPU-QSF-ACAD-14A Rev. 01 (09.05.22)
 Republic of the Philippines
Western Philippines University A STRONG PARTNER FOR SUSTAINABLE DEVELOPMENT

ACADEMIC AFFAIRS

d. none of these
24. These sectors turn raw agricultural commodities either into ingredients for further processing or
final consumer products.
a. Input sector
b. Food service sector
c. Processing sector
d. Wholesaling sector
25. It consists of assembling, storing, and transporting goods to retailers, food service operators,
other wholesalers, government, and other types of businesses.
a. Input sector
b. Food service sector
c. Processing sector
d. Wholesaling sector

TEST II

Explanation

1. Analyze the role of agribusiness in creating a new, open, multi-directional information

environment in the agricultural sector. Provide specific examples of how different sectors in
agriculture contribute to this information exchange. 10 points

2. Evaluate the statement: "Agribusiness is not just a producer but also a communicator and
user of information." Discuss the implications of this statement in the context of the evolving
agricultural business environment. 10 points

3. Differentiate the different segment of a commodity system. 20 points

Prepared by:

_ABEGAIL P. ARPON_
Name of Faculty and Signature
Academic Rank

Checked by:

_____________________________
Name of Committee Chair and Signature
Academic Rank

WPU-QSF-ACAD-14A Rev. 01 (09.05.22)