Across
- 1. This occurs when two businesses combine and become one.
- 5. The sector where you will find the farmer/rancher.
- 6. A resource that farmers and ranchers can buy or rent.
- 9. The efficiency with which a person works using the resources provided.
- 14. Assets used for business operations including cash, equipment and buildings.
- 15. Narrowing the focus of what you want your business/farm to produce.
- 17. Resources owned and used by a farmer/rancher, such as a tractor.
- 18. The portion of every dollar spent on getting the commodity to the end user.
- 19. The amount of money remaining after expenses are subtracted from the money received from sales/marketing.
Down
- 2. The amount of money received when a farmer/rancher sells grain or livestock, without factoring in costs.
- 3. Inflation-adjusted dollar values.
- 4. The portion of assets that a farmer/rancher actually owns, debt free.
- 7. Growing more than one commodity.
- 8. A comparison of what prices were in a selected year compared to a base year.
- 10. A comparison of production levels between a selected year and a base year.
- 11. Hired workers and self-employed people contribute this service to farm operations.
- 12. A financial report prepared to prove the accounting equation.
- 13. The value of goods produced and services provided in a country for one year.
- 16. Components placed into a finished product, direct and indirect.
- 19. The value of dollars when no adjustment has been made for inflation.