HOMEWORK$-1*$

Please read Chapter $1.$ and answer questions $2,3,-5,6,7,9*$ from Topics $*$ for $*$ Discussion $*$ at the end $*$ of the chapter. $*$ m

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$2.$ Identify the steps of a strategic management process. Where do impediments lie? How are risk and uncertainty involved?.$$

$3.$ How are the effects of risk and time important to financial management? Illustrate some of the financial methods for managing risks. II

$5.$ Why is understanding financial markets important to financial management? $$

$6.$ What significant financial characteristics distinguish agricultural production firms from large corporate businesses? TI

$7.$ How does the capital intensity of agriculture affect the sector$\text{'}$s liquidity position?.TI

$9.$ What is the life$-$cycle effect in agriculture? Identify its important financial implications.