Question

    The process by which a farmer allocates limited farm

    resources among various agricultural activities to maximize returns is known as:
    A Farm distribution Correct Answer Incorrect Answer
    B Farm allocation Correct Answer Incorrect Answer
    C Budgeting Correct Answer Incorrect Answer
    D Farm budgeting Correct Answer Incorrect Answer
    E Farm valuation Correct Answer Incorrect Answer

    Solution

    Farm budgeting involves the allocation and estimation of resources, costs, and returns for various farming activities to guide decision-making and improve profitability.

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