NSC Agricultural Sciences Management and Marketing: 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).

1.1.1 The marketing channel where livestock is sold to the highest bidder is:
A Farm gate
B Auction
C Direct marketing
D Indirect marketing

1.1.2 The phase in the entrepreneurial process where a farmer secures capital for infrastructure and equipment:
A Starting an enterprise
B Resource mobilisation
C Identification of an opportunity
D Planning

1.1.3 The following is NOT a problem encountered when drawing up a business plan:
A Plan is vague with loop holes
B Unrealistic assumptions and projections
C Business is financially very strong
D Weaknesses and risks

1.1.4 When a price is fixed in a market,
(i) the price set for the goods and services allows bargaining.
(ii) the price is held constant regardless of the cost of production.
(iii) the demand is maintained at a given level by controlling supply.
(iv) the price is determined by the participants to buy and sell at a predetermined price.
Choose the CORRECT combination:
A (i), (ii) and (iv)
B (ii), (iii) and (iv)
C (i), (iii) and (iv)
D (i), (ii) and (iii)

1.1.5 The management strategies that allow a farmer to manage risks:
A Diversification and risk sharing
B Risk sharing and problem solving
C Diversification and organising
D Specialisation and planning

1.1.6 ___ is/are a cause of labour shortages on farms.
A Fair labour practices
B The provision of medical insurance and pension
C Less attractive working conditions
D The provision of incentives

1.1.7 The following description implies that land is indestructible:
A Has different production potentials
B Found in a specific environment
C Cannot produce anything by itself
D Can renew itself after it has been degraded

1.1.8 The following are problems related to capital as a production factor:
(i) Scarcity
(ii) Low risk
(iii) Undercapitalisation
(iv) High interest rates
Choose the CORRECT combination:
A (i), (ii) and (iv)
B (i), (iii) and (iv)
C (ii), (iii) and (iv)
D (i), (ii) and (iii)

1.1.9 When the alleles on homologous chromosomes differ, an organism is ...
A heterozygous.
B recessive.
C dominant.
D homozygous.

1.1.10 ___ is a measure of how much better or less than average the offspring of an individual will be for a particular characteristic.
A Breeding system
B Pedigree performance
C Breeding method
D Estimated breeding value (10 x 2)

Various options are provided as possible answers to the following questions - NSC Agricultural Sciences - Question 1 - 2023 - Paper 2

Worked Solution & Example Answer:Various options are provided as possible answers to the following questions - NSC Agricultural Sciences - Question 1 - 2023 - Paper 2

1.1.1 The marketing channel where livestock is sold to the highest bidder is:

1.1.2 The phase in the entrepreneurial process where a farmer secures capital for infrastructure and equipment:

1.1.3 The following is NOT a problem encountered when drawing up a business plan:

1.1.4 When a price is fixed in a market, choose the CORRECT combination:

1.1.5 The management strategies that allow a farmer to manage risks:

1.1.6 ___ is/are a cause of labour shortages on farms.

1.1.7 The following description implies that land is indestructible:

1.1.8 The following are problems related to capital as a production factor: choose the CORRECT combination:

1.1.9 When the alleles on homologous chromosomes differ, an organism is ...

1.1.10 ___ is a measure of how much better or less than average the offspring of an individual will be for a particular characteristic.

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