NSC Agricultural Management Practices Recording financial data: Various options are provided as

Question

Various options are provided as possible answers to the following questions. Choose the answer and write only the letter (A–D) next to the question numbers (1.1.1 to 1.1.10) in the ANSWER BOOK, e.g. 1.1.1 D.

1.1.1 The climatic factor that has an influence on biochemical and physiological processes in the plant:
A Wind
B Temperature
C Rain
D Humidity

1.1.2 Soil erosion in the veld leads to ...
A veld depreciation.
B grasslands.
C veld degradation.
D Karoo veld.

1.1.3 Modern technology used in precision farming to correct variability in the field:
A VRT
B GIS
C GPS
D CIR

1.1.4 The process where topsoil and subsoil are collected to determine the nutrient status of the soil:
A Soil analysis
B Soil testing
C Soil sampling
D Soil data

1.1.5 The farm management principle which is characterised by setting the production process as focusing on:
A Motivation
B Delegation
C Coordination
D Planning

1.1.6 ... is used to determine the expiry date of a processed agricultural product.
A Planting date
B Harvesting date
C Marketing date
D Value added date

1.1.7 A method of payment using the internet:
A Electric fund raiser
B Cheque payment
C Electronic funds transfer
D Direct bank

1.1.8 The agribusiness sector in which a farmer normally operates:
A Primary sector
B Secondary sector
C Tertiary sector
D Processing sector

1.1.9 It is necessary to update ... records on a daily basis.
A labour
B yield
C electricity
D growth

1.1.10 The price setting method used by the farmer to determine equilibrium and then add 15% for profit:
A Supply and demand
B Market research
C Marketing chain
D Break-even point

1.2 Choose a description from COLUMN B that matches a term/phrase in COLUMN A. Write only the letter (A–L) next to the question numbers (1.2.1 to 1.2.10) in the ANSWER BOOK, e.g. 1.2.1 M. Use each description in COLUMN B only once.

COLUMN A		COLUMN B
1.2.1 General farm costs		A marketing at municipal markets
1.2.2 Agri-BEE legislation		B increase the amount of work completed in a certain period using fewer labourers
1.2.3 Product promotion		C costs that include salaries and benefits of workers
1.2.4 Labour costs		D a worker on a farm who spends most of their time performing managerial tasks
1.2.5 Financial recording		E general costs that cannot be allocated
1.2.6 Labour legislation		F agricultural legislation that is economically powered previously disadvantaged
1.2.7 Leadership		G process that ensures the correct financial activities, position and performance into accounting sheets
1.2.8 Mechanisation		H a financial statement that indicates the profit or loss
1.2.9 Farm manager		I action used to encourage consumer goods
1.2.10 Farm gate marketing		J delegation of authority and responsibility

1.3 Give the CORRECT agricultural term for EACH of the following descriptions. Write only the term next to the question numbers (1.3.1 to 1.3.5) in the ANSWER BOOK, e.g. 1.3.6 Recording.

1.3.1 The financial resource which provides a farmer with financial protection against unforeseen events, like hail and fire.

1.3.2 The number of products purchased by consumers at a given price.

1.3.3 Labour legislation that provides for payment of employees who sustained injuries and contracted diseases in the workplace.

1.3.4 A farming enterprise that tourists visit to see wild animals in their natural environment.

1.3.5 Farm facilities required, such as storage facilities, electricity and roads.

1.4 The following statements are INCORRECT. Change the UNDERLINED words to make the following statements CORRECT. Write the answer next to the question numbers (1.4.1 to 1.4.5) in the ANSWER BOOK, e.g. 1.4.6 Retaining.

1.4.1 Money used in the process of operating the business, is income.

1.4.2 Creditors are the people who owe the business money.

1.4.3 A cheque is available in the form of bank notes only.

1.4.4 The source document issued to acknowledge that money has been received is known as payments.

1.4.5 Trade mark is more concerned with the protection of the product, easy handing and displaying information to consumers.

Various options are provided as possible answers to the following questions - NSC Agricultural Management Practices - Question 1 - 2018 - Paper 1

Worked Solution & Example Answer:Various options are provided as possible answers to the following questions - NSC Agricultural Management Practices - Question 1 - 2018 - Paper 1

1.1.1 The climatic factor that has an influence on biochemical and physiological processes in the plant:

1.1.2 Soil erosion in the veld leads to ...

1.1.3 Modern technology used in precision farming to correct variability in the field:

1.1.4 The process where topsoil and subsoil are collected to determine the nutrient status of the soil:

1.1.5 The farm management principle which is characterised by setting the production process as focusing on:

1.1.6 ... is used to determine the expiry date of a processed agricultural product.

1.1.7 A method of payment using the internet:

1.1.8 The agribusiness sector in which a farmer normally operates:

1.1.9 It is necessary to update ... records on a daily basis.

1.1.10 The price setting method used by the farmer to determine equilibrium and then add 15% for profit:

Join the NSC students using SimpleStudy...