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Assessing Risk in Production Agriculture
Revisions to
the Review Exercise Answer Key
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| Review Exercise Answer Key, Chapter 5,
Multiple Choice, Question 3 |
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The ARPA Answer Key incorrectly shows the answer to question 3 as “e. b, c,
and d”
The correct answer is “f. a, b, and c.”
Interest rate changes, foreign exchange rate changes, and increased cash
flow requirements are the correct responses to sources of financial markets
and instruments risk. Producer price volatility should not be in the
answer.
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| Review Exercise Answer Key, Chapter 5,
Multiple Choice, Question 5 |
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The ARPA Answer Key incorrectly shows the answer to question 5 as “c. a and
b”
The correct answer is “d. a and b.”
Relationships and prices and markets are operational risks
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| Review Exercise Answer Key, Chapter 6,
Question 3 |
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The ARPA Answer Key incorrectly shows the answer to question 3 is “c.
Dairy”
The correct answer is “b. Sheep”
Please note that “b. Sheep” was not even listed in the review exercise as a
choice and so the review exercise itself is incorrect in its listing of
choices.
Sheep is the primary livestock species lagging in technological advances.
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| Review Exercise Answer Key, Chapter 7,
Question 23 |
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The ARPA Answer Key shows the answer to question 23 to be True.
The statement as originally written in the Review Exercise is incorrect.
Properly stated, it should read: “If a farm has
no
more than 10 employees and no temporary labor camps, they are not subject to
OSHA regulations on worker safety.” The addition of the word “no” makes
this statement True.
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