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ABM720S - AGRIBUSINESS MANAGEMENT - 2ND OPP - JAN 2020 |
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FACULTY OF NATURAL
NAMIBIA UNIVERSITY
OF SCIENCE AND TECHNOLOGY
SPATIAL SCIENCES
RESOURCES AND
DEPARTMENT OF AGRICULTURE AND NATURAL RESOURCES SCIENCES
QUALIFICATION: BACHELOR OF AGRICULTURE
QUALIFICATION CODE: 27BAGR
LEVEL: 7
COURSE CODE: ABM720S
COURSE NAME: AGRIBUSINESS MANAGEMENT
SESSION: JANUARY 2020
DURATION: 3 HOURS
PAPER: THEORY
MARKS: 100
SUPPLEMENTARY / SECOND OPPORTUNITY EXAMINATION QUESTION PAPER
EXAMINER(S) | MR TEOFILUS SHIIMI
MODERATOR: | MR FRANK KANGUATIIVI
INSTRUCTIONS
1. Answer ALL the questions.
2. Write clearly and neatly.
3. Number the answers clearly.
PERMISSIBLE MATERIALS
1. Calculator
2. Pen
3. Ruler
THIS QUESTION PAPER CONSISTS OF 3 PAGES (Including this front page)
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Question 1
(a) “In agribusiness controlling assets is becoming more important than owning them”. Discuss what this
statement mean to you?
[2]
(b) In todays’ economy why agribusiness are always interested in using resources effectively and efficiently?
[4]
(c) Explain how any of the three influences the operation of production sector in agribusiness?
[6]
Insurance
Transport
Government policy
Education
(d) Explain how is unpredicted weather and diseases a challenge to a farm manager?
[6]
(e) In processing — manufacturing sector what is meant by responsive to consume taste/preferences?
[2]
Sub-Total Marks: 20
Question 2
(a) “Planning bridges the gap of where we are to where we want to go”. With four points explain why do
you need to make planning in your organization?
[8]
(b) What is the difference between recognition and appreciation?
[4]
(c) “Leadership as an element of directing plays an important role in the whole process of business
management” Discuss any three roles that leadership plays in the management of the business?
[6]
(d) “Staffing is a process of identifying the need of finding someone to fill the vacant, it involves advertising,
recruitment, selection, interviewing, promotion and retaining” which one of the afore-mentioned processes
involved in staffing is more important than others and why?
[2]
Sub-Total Marks: 20
Question 3
(a) What is the importance of balance sheet in an agribusiness?
[6]
(b) How do you assess the performance of an agribusiness in terms of profitability and healthy financial
conditions?
[6]
(c) What is the importance of cost control and break-even analysis in agribusiness management?
[4]
(d) “In marketing research the more you know how competitors operates the better you know
their weakness” What is the advantage of knowing the operation of your competitors? [2]
(e) What is the benefit of having a product certified by the international recognised organ?
[2]
Sub-Total Marks:20
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Question 4
(a) Discuss the main challengers facing the entrepreneurs?
[6]
(b) Discuss any three (3) importance of the business plan to an entrepreneur who wants to establish an
agribusiness.
[6]
(c) Explain how forecasting is important to modern agribusiness?
[6]
(d) Explain how a work place can satisfy safety needs of its workers?
[2]
Sub-Total Marks: 20
Question 5
Below is a simplified balance sheet for Hyden house garden distributor as of December 31, 2018.
Assets
Liabilities
NS
NS
Current assets
Current Liabilities
200 000
Cash
100 000
Non-current liabilities
200 000
Inventory
100 000
Total Liabilities
400 000
Account Receivables | 100 000
Total Current assets | 300000
Non-current assets
200 000
Owners’ Equity
100 000
Total assets
500 000
Total Liabilities +Equity
500 000
(a) Use the Balance Sheet and calculate the following ratios:
[10]
(i) The Quick Ratio
(ii) The acid Test Ratio
(iii) The Debt to Equity Ratio
(iv) Equity ration
(v) The Debt to Asset ratio
(b) Assume you are selling oranges at NS56/bag, which costed you a variable cost of NS15 and you
incurred NS 40 000 to set up your packaging warehouse.
(i) Calculate how many bags of oranges you need to sell in order for you to break-even?
[4]
(ii) How much money are you going to generate if you sell the break-even bags at NS65/bag?
[3]
(iii) How much profit you will generate if you increase the selling price to NS65/bag and managed to sell
out all your break-even quantity bags?
[3]
Sub-Total Marks: 20
Total Mark: 100
End!