NATIONAL OPEN UNIVERSITY OF NIGERIA
FACULTY OF AGRICULTURAL SCIENCES
SECOND SEMESTER EXAMINATION
JANUARY/FEBRUARY, 2018
Programme: Agricultural Extension and Management
Course Title: Agricultural Business Management
Course Code: AEM 509
Credit Unit: 3
Total Score: 70 Marks
Time Allowed: 3 Hours
INSTRUCTION:
Answer Compulsory question 1 (30 marks) and any 4 questions (10 marks each)
1. Conceptualize the term Agricultural Business 10 marks
b. Discuss the three types of sectors prevalent in an agricultural business organization. 20 marks
2. Explain the five functions of agricultural business management as postulated by Dressler and Obong. 10 marks
3. Explain the characteristics that guide farm managers in taking quality decisions targeted towards productivity.6 marks
b.List 5 basic factors that influences a manager to organize individualProprietorship, internship or cooperation 4 marks
4. Write short notes on any two headings
i. The sole partnership 5 marks
ii. Partnership in agriculture 5 marks
iii. Company farming 5 marks
iv. Agricultural business cooperating 5 marks
5. List and discuss in details the different types of enterprise selection using an agricultural product as an example.10 marks
6. Write short notes on these headings
i. Principles of diminishing returns 5 marks
ii. Opportunity cost principles 5 marks
iii.
7. Briefly discuss the legitimized business organizations that the Corporate Affairs Commission approvedin Nigeria 5 marks
b. State any five taxes payable to the States and Local Government Areas 5 marks
You can get the exam summary answers for this course from 08039407882
Check anoda sample below
