6. Production Systems

Business Practices — Quiz

Test your understanding of business practices with 5 practice questions.

Practice Questions

Question 1

A horticultural enterprise has fixed annual costs of \\10,000 and a variable cost of \\5 per plant. If each plant sells for \\$15, how many plants must be sold to break even?

Question 2

Which marketing channel involves selling plants directly to consumers at local events and venues?

Question 3

Which financial statement summarizes revenues and expenses over a specific period, showing profit or loss?

Question 4

Under which act must horticultural producers comply when applying restricted-use pesticides and maintain certified applicator records?

Question 5

A nursery employee works 40 hours in a week at \\$12 per hour. If payroll overhead is 20% of wages, what is the total labor cost for that week?