1.1 Various options are provided as possible answers to the following questions - NSC Agricultural Sciences - Question 1 - 2016 - Paper 2
Question 1
1.1 Various options are provided as possible answers to the following questions. Write down the question number (1.1.1–1.1.10), choose the answer and make a cross (... show full transcript
Worked Solution & Example Answer:1.1 Various options are provided as possible answers to the following questions - NSC Agricultural Sciences - Question 1 - 2016 - Paper 2
Step 1
1.1.1 A measure by a farmer to reduce the risk on his/her income:
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Answer
The correct answer is A: Insurance. Insurance is a financial tool that helps farmers minimize risks associated with unforeseen events, ensuring they have a safety net.
Step 2
1.1.2 The law of demand states that …
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Answer
The correct answer is D: if the price of a product falls, the demand for it will increase. This reflects the basic principle of demand where price inversely affects demand.
Step 3
1.1.3 Which ONE of the following statements about an entrepreneur is INCORRECT?
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Answer
The correct answer is B: only works for somebody else to earn a salary. An entrepreneur typically seeks to create their own business rather than work for others.
Step 4
1.1.4 Peaches are summer fruits in South Africa. They are more expensive during winter and at the beginning of spring because the …
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Answer
The correct answer is D: (i), (ii), (iii) and (iv). All statements are valid because they explain the seasonal price variations and supply issues related to peaches.
Step 5
1.1.5 Which ONE of the following is an internal factor that may influence a farming business?
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Answer
The correct answer is B: The capability and competency of the management and farm workers. This internal factor can significantly influence the success of a farming business.
Step 6
1.1.6 The following is NOT a problem associated with capital as a production factor:
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Answer
The correct answer is A: Subjected to risk. All other options are common problems associated with capital in production, while being subjected to risk is a general characteristic of all investments.
