1. Which of the following would NOT help increase the absolute level of Net Farm Income (Ceteris Paribus)

1. Reduce expenses
2. Increase gross production without increasing size
3. Sell a tractor
4. Increase the size of the farm

2. A Cash Flow Budget (or Projection):

1. Is a good tool to use to project profits
2. Is a good tool to use to project operating loan needs
3. Is a good tool to use to examine last year's cash flows
4. All of the above

3. A cash flow budget or projection:

1. Is about Profit evaluation
2. Is about Net Worth evaluation
3. Is about Financial Efficiency evaluation
4. Is about Timing and Communication