The minimum amount of a storable commodity that allows normal operations by marketing participants is referred to as a Storage inventory Total inventory none of these Working inventory Question 9 2.5pts Meat packers are so numerous that highly concentrated markets are not a problem for cattle feeders. True False 1. Before going too far into the development stage of a new product, a firm must show that the new product will have a satisfactory rate of profitability none of the above return on investment or ROI productivity The USDA makes quarterly reports on the number of market hogs and pigs on farms. True False Question 14 2.5 Processor location helps determine spot bids for commodities True False Question 15 Daily market information: is seldom relevant to a farmer who has already signed a production contract for all his output- is useful to processors but not to farmers is less important to a hog packer than to a vegetable canner is the cause of price cycles Choose the non-associated pair: coops - competitive yardstick new generation cooperative-speedy returns investor owned firm - patronage refund group promotion - check-off Question 17 A cooperative is subject to anti-trust laws like investor owned firms. True False The margin obtained for a processor: is greatly influenced by the degree of competition among farmers always varies inversely with volume is influenced by the degree of competition among processors in his net profit Question 19 2.5 pts is sorting for the quality of a commodity by a third party according to standardized criteria. grading none of these production weighing