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. $*$ II

$$

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

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

$5.$ Why is understanding financial markets important to financial m$$nagement$?$

$6.$ What significant financial characteristics distinguish agricultural production firms from large

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

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