ECON past Flashcards by Deleted Deleted

Which of the following is an indirect effect of animal disease?

a. Collapse of milk export trade
b. abortions
c. decrease in FCR
d. less number of piglets/litter

a. Collapse of milk export trade

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Which of the following nutrient metabolisms can be altered by the animal diseases?

a. Protein metabolism
b. Energy metabolism
c. Mineral metabolism
d. All of them

d. All of them

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Which of the following is a special service?

a. Pet food
b. Ultrasound
c. Pet shop
d. Grooming

b. Ultrasound

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Which of the following community activities could help building up personal social structure of a veterinarian?

a. Scientific society
b. Charitable organizations
c. Sport clubs
d. All of them

d. All of them

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Which of the following is NOT a special card mailing/ e-mail?

a. Referral
b. Sympathy
c. Reminder
d. Welcome

c. Reminder

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Which of the following is NOT a PR activity?

a. Presentations
b. Sponsoring special programs
c. Newsletter
d. Education in primary schools

c. Newsletter

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Which of the following is NOT a part of a marketing plan?

a. Market survey and analysis
b. Risk analysis
c. Price-setting
d. . Marketing communication

b. Risk analysis

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Which of the following is a durable good?

a. X-ray machine
b. Vaccines
c. Endoectocides
d. Surgery gloves

a. X-ray machine

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Which of the following is NOT true for the depreciation?

a. cost item
b. cash-outflow
c. accounted for durable goods
d. could be linear, regressive or progressive

b. cash-outflow

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How many examination rooms per vet are recommended in a small animal clinic?

a. 1
b. 2
c. 3
d. Depending on the Vet

b. 2

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Which of the following could be a source of personal referrals?

a. Clients
b. Business contacts
c. Staff networks
d. All of them

d. All of them

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Which of the following is a direct effect of animal disease?

a. collapse of milk export trade
b. less benefits to the young parents
c. less investment in food processing plants
d. reduced fertility

d. reduced fertility

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Which of the following physiological processes can be affected by the animal disease?

a. nutrient metabolism
b. respiration
c. excretion
d. all of them

d. all of them

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Which of the following is a supplementary service?

a. Grooming
b. X-ray
c. Hospital care
d. Laboratory

a. Grooming

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Which of the following marketing communication tool is a PR activity?

a. Webpage of the clinic
b. Local cable TV ad
c. Yellow pages ad
d. Scientific article

d. Scientific article

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Which of the following is a cross-marketing?

a. Selling a canine pet food to existing cat owners
b. Selling the boarding service to new dog owners
c. Selling a new canine product to existing dog owners
d. Selling a feline pet food to existing cat owners

a. Selling a canine pet food to existing cat owners

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Which of the following is a non-durable good?

a. Ultrasound machine
b. Bandages
c. Car
d. Operating table

b. Bandages

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Which of the following is NOT a part of the financial plan?

a. Profit and loss plan
b. Cash-flow plan
c. Enterprise budgeting
d. Preliminary balance sheet

c. Enterprise budgeting

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Which of the following is NOT a pricing strategy?

a. SWOT-analysis based
b. Cost based
c. Competition based
d. Obligatory minimum prices

a. SWOT-analysis based

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How many minutes can an average client wait without losing patience in a waiting room?

a. 5 min.
b. 8 min.
c. 15 min.
d. 25 min.

b. 8 min

Which of the following is a supplementary service?

a. X-ray
b. Pet food
c. Hospital care
d. Laboratory

b. Pet food

Which of the following is a non-durable good?

a. disinfectants
b. ultrasound machine
c. car
d. operating table

a. disinfectants

Which of the following is NOT a part of the financial plan?

a. profit and loss plan
b. marketing plan
c. cash-flow plan
d. preliminary balance sheet

b. marketing plan

What is true for communication?

Charles Darwin has also examined the evolutionary found of communication

Which of the following is a self-awareness test used in psychology?

The "draw a tree" test

Which topics does macroeconomics deal with?

Infiltration, unemployment

Explain net farm income!

NFI = Gross margin - Fixed cost

What techniques does decision analysis include?

1. Mathematical equations 2. Payoff matrices 3. Process flow charts 4. Decision trees

Where could profit be maximized?

MC=MR

Explain the NVP (net present value)

Total PV of benefits - total PV cost * net present value * expresses the differences between the total present value of benefit & costs

What are the three categories of resources?

Land, Labour, Capital

What is the law of demand?

There is an inverse relationship between the price of a good & quantity of buyers wishing to purchase in a defined period of time

What factors could cause a shift in demand curve? (5)

Tastes & preferences No. of buyers on the market Income Expectations of consumers Prices of related goods

Supposing a university enrolment drops by 10% because tuition raises by 5%, what is the price elasticity of demand?

``` Ed = (%∆in Q demanded) / (%∆in price) Ed = -10% / 5% = -2/1 = 2 Ed = 2 ```

What could be the direct effects of diseases in a pig fattening unit in terms of resources &/or of products?

Affects livestock resource transformation process Results in extra resource use Fewer animal products than before

What are the measurable effects of diseases on animal productivity?

Premature death Changed value of animals & products from slaughthered animals Reduced live weight gain Reduced yield & quality of products from the animals Decreased capacity for work Altered FCE

Explained fix-, variable- & marginal cost

Fixed cost – cost that don’t vary as output varies, & must be paid even if output is zero Variable cost – costs that are zero if output is zero, varies if output varies Marginal cost – change in total cost when one unit of output is produced

Which of the following is a direct effect of animal disease?

Reduced milk yield | Reduced fertility

Supplementary services

Pet food, grooming

Which of the following marketing communication tool is a PR activity?

Scientific (article)

Which of the following could be a source of personal referrals?

All of them (clients, buisness contacts, staff networks)

Which of the following is cross marketing?

Selling feline pet food to existing dog owners. Selling a canine pet food to existing cat owner.

Which of the following is a non-durable good?

Disinfectants. | Bandages.

Which of the following is NOT a part of the financial plan?

Marketing plan. | Enterprise budget.

Which of the following is NOT a pricing strategy?

PEST-analysis based. | SWOT - analysis based.

Which of the following is a direct effect of animal disease? a) Reduced milk yield b) Collapse of milk export trade c) Less investment in food processing plants d) Less benefits to the young parents

a) Reduced milk yield

Which of the following is an indirect effect of animal disease? a) Ban on live animal trade b) Decrease in ADG c) Increase in FCR d) Less number of piglet/litter

a) Ban on live animal trade

Which of the following is NOT a part of the marketing plan? a) Market analysis b) Price-setting c) SWOT analysis d) Marketing communication

c) SWOT analysis