SECTION C (SHORT ANSWER QUESTIONS)
QUESTION 3
3.1. State four characteristics of successful entrepreneurs.
[30 marks]
(8 Marks)
3.2. Explain three key functions of Human Resource Management (HRM) in agribusiness.
(9 Marks)
3.3. List three challenges entrepreneurs face and provide one solution for each. (6 Marks)
3.4. Why are employee trainings and developments important in agribusiness? (5 Marks)
(LONG ANSWER QUESTIONS)
QUESTION 4
[SO marks]
4.1. Below is the financial information for Greenfield Farms for the year ending December 31,
2025 . Prepare a Balance Sheet for Greenfield Farms for the year ending, 2025.
(20 Marks)
4.1.1. Prepare the Balance Sheet for Greenfield Farms as of December 31, 2025.
(20 Marks)
• Revenue from sales: N$ 450, 000
• Land and buildings (fixed assets): N$ 500,000
• Cost of goods sold (COGS): N$ 280, 000 • Cash received from bank loan: N$ 50,000
• Operating expenses: N$ 50,000
• Inventory: N$ 25,000
• Interest expense: N$ 15,000
• Accounts payable (current liabilities): N$ 40,000
• Taxes paid: N$ 10, 000
• Accounts receivable (current assets): N$ 60,000
• Beginning cash balance: N$ 20, 000
• Cash at hand (end of period): N$ 75,000
• Capital expenditure on new machinery: • Livestock: N$ 150,000
N$ 30,000
• Debts (liabilities): N$ 100, 000
• Land and buildings (fixed assets): N$ 500,000
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