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Animal Health Economics and Management > ECON past > Flashcards

ECON past Flashcards

1
Q

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

a. Collapse of milk export trade

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2
Q

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

A

d. All of them

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3
Q

Which of the following is a special service?

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

A

b. Ultrasound

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4
Q

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

A

d. All of them

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5
Q

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

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

A

c. Reminder

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6
Q

Which of the following is NOT a PR activity?

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

A

c. Newsletter

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7
Q

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

A

b. Risk analysis

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8
Q

Which of the following is a durable good?

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

A

a. X-ray machine

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9
Q

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

A

b. cash-outflow

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10
Q

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

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

A

b. 2

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11
Q

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

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

A

d. All of them

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12
Q

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

A

d. reduced fertility

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13
Q

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

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

A

d. all of them

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14
Q

Which of the following is a supplementary service?

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

A

a. Grooming

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15
Q

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

A

d. Scientific article

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16
Q

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

a. Selling a canine pet food to existing cat owners

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17
Q

Which of the following is a non-durable good?

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

A

b. Bandages

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18
Q

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

A

c. Enterprise budgeting

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19
Q

Which of the following is NOT a pricing strategy?

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

A

a. SWOT-analysis based

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20
Q

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.

A

b. 8 min

21
Q

Which of the following is a supplementary service?

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

A

b. Pet food

22
Q

Which of the following is a non-durable good?

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

A

a. disinfectants

23
Q

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

A

b. marketing plan

24
Q

What is true for communication?

A

Charles Darwin has also examined the evolutionary found of communication

25
Q

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

A

The “draw a tree” test

26
Q

Which topics does macroeconomics deal with?

A

Infiltration, unemployment

27
Q

Explain net farm income!

A

NFI = Gross margin - Fixed cost

28
Q

What techniques does decision analysis include?

A
  1. Mathematical equations
  2. Payoff matrices
  3. Process flow charts
  4. Decision trees
29
Q

Where could profit be maximized?

A

MC=MR

30
Q

Explain the NVP (net present value)

A

Total PV of benefits - total PV cost

  • net present value
  • expresses the differences between the total present value of benefit & costs
31
Q

What are the three categories of resources?

A

Land, Labour, Capital

32
Q

What is the law of demand?

A

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

33
Q

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

A

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

34
Q

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

A 
Ed = (%∆in Q demanded) / (%∆in price)
Ed = -10% / 5% = -2/1 = 2 
Ed = 2
35
Q

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

A

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

36
Q

What are the measurable effects of diseases on animal productivity?

A

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

37
Q

Explained fix-, variable- & marginal cost

A

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

38
Q

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

A

Reduced milk yield

Reduced fertility

39
Q

Supplementary services

A

Pet food, grooming

40
Q

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

A

Scientific (article)

41
Q

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

A

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

42
Q

Which of the following is cross marketing?

A

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

43
Q

Which of the following is a non-durable good?

A

Disinfectants.

Bandages.

44
Q

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

A

Marketing plan.

Enterprise budget.

45
Q

Which of the following is NOT a pricing strategy?

A

PEST-analysis based.

SWOT - analysis based.

46
Q

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

a) Reduced milk yield

47
Q

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

a) Ban on live animal trade

48
Q

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

a) Market analysis
b) Price-setting
c) SWOT analysis
d) Marketing communication

A

c) SWOT analysis

Animal Health Economics and Management (1 decks)

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