Which of the following is true about grading? a. Grading standards are set up by

Question

Which of the following is true about grading?
a. Grading standards are set up by experts and can never be affected by changes in wishes and wants of buyers
b. It generally has been imposed on farmers and agribusiness by government
c. It is detrimental to marketing efficiency because it encourages trading without inspection
d. It is likely to replace branding of agricultural products
e. None of the above

2. Which of the following is the best explanation for why we have grades?
a. All quality variation is biologically inevitable
b. To exploit the demand for the products
c. The government wants to regulate everything
d. Third-party sorting facilitates communication and trading without inspection  
e.   None of the above

3. Grading of agricultural commodities:
a. Is mandatory
b. Is chiefly for branded products
c. Was first used about 25 years ago
d. Is mainly concerned with sanitation and safety
e. None of the above

4. Which of the following is true?
a. Yield and quality grades are directly correlated in beef
b. Marbling is the amount of hide on beef
c. A motivation for the development of hog grading was a desire to get leaner (more meat less waste per animal) hogs produced
d. Grades of most fruits and vegetables and their prices are ordinarily inversely related
e. None of the above







5. Which of the following is true about homogenous demand?
a. It is a sufficient condition for the existence of several grades of each agricultural commodity
b. It results in a homogeneous commodity that needs no grading
c. It means that buyers generally agree in their quality ranking
d. It means that buyers generally disagree in their quality ranking
e. None of the above

Explanation / Answer

1). b). Grading Standards are generally imposed on farmers and agribusiness by governemt.

Grading can be defined as distinguishing two similar products on the basis on size, shape, quality etc. Grading standards are usually set by a central authority and not by any private entity, and it is imperative for all producers in the economy to follow such grading standards.

2). a). All quality variation is biologically inevitable.

3). d). Is mainly concerned with sanity and safety.

Grading helps in division of products into classes made up of units possessing similar characteristics of size and quality. Thus, a product is graded low if it is slightly below the standards as against other products.

4). b).Marbling is the amount of hide on beef

5). a). It is a sufficient condition for the existence of several grades of each agricultural commodity.

Related Questions

Navigate

• Browse (All)
• Browse W
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.