USA · Kansas State University · pg
42 credits, 30 months, cohort-based, online plus 4 campus weeks; January and September intakes; running since 1998.
An all-online option exists for the September international intake. Whether a GMAT minimum or waiver applies is not verified.
Official source: https://mab.k-state.edu/
Original questions written to this exam's published syllabus and pattern. Not past papers.
1. A seed-processing business has total assets of 1,250,000 currency units and outside liabilities of 470,000. Using the accounting equation, what is the owner's capital?
A. 780,000
Assets = Liabilities + Capital, so Capital = 1,250,000 − 470,000 = 780,000. Adding the two (1,720,000) confuses the equation's sides.
Financial & Managerial Accounting · Accounting concepts and conventions
2. Weekly sales (tonnes) of a feed dealer over five sample weeks are 4, 6, 8, 10 and 12. What is the sample standard deviation (divisor n - 1)?
B. 3.16 tonnes
Mean = 8; squared deviations 16, 4, 0, 4, 16 sum to 40. Sample variance = 40/4 = 10, so s = sqrt(10) = 3.16. Dividing by n gives the population SD 2.83; 10.00 is the variance, not the SD; 2.40 is the mean absolute deviation.
Business Statistics & Quantitative Methods · Measures of dispersion
3. Under current US farm programmes, which instrument sets an effective price floor without government purchasing the crop outright in normal years?
A. Marketing assistance loans with loan rates
Marketing assistance loans let farmers borrow at a loan rate and repay at the lower market price if prices fall, creating a floor. Price Loss Coverage and Agriculture Risk Coverage (2014 Farm Bill) support income. The US does not run a food-corporation buffer or enforce support price on traders.
Agricultural Marketing & Price Analysis · Agricultural price policy
4. Which exchange hosts the benchmark futures contracts for maize (corn) and soybeans?
B. Chicago Board of Trade (CME Group)
CBOT, part of CME Group, lists the benchmark corn and soybean contracts. ICE Futures Europe lists robusta coffee, London cocoa and white sugar; Bursa Malaysia lists the crude palm oil benchmark; Euronext lists milling wheat and rapeseed.
Commodity Markets, Futures & Options · Organisation of commodity exchanges
5. The Federal Crop Insurance Corporation of the United States was created by legislation in:
D. 1938
The Federal Crop Insurance Act of 1938 created the FCIC, first insuring wheat. The 1980 Act brought in private delivery, the 1994 Reform Act introduced catastrophic coverage and the Agricultural Risk Protection Act of 2000 raised subsidies.
Agri Risk Management & Insurance · History of crop insurance
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