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National Open University Exam Past Question – AEM509 JUNE/JULY EXAMINATION

NATIONAL OPEN UNIVERSITY OF NIGERIA AEM509 AGRICULTURAL BUSINESS MANAGEMENT

14/16 AHMADU BELLO WAY, VICTORIA ISLAND, LAGOS

SCHOOL OF SCIENCE AND TECHNOLOGY JUNE/JULY EXAMINATION

 

COURSE CODE: AEM509

COURSE TITLE: AGRICULTURAL BUSINESS MANAGEMENT

TIME ALLOWED: 21/2 HOURS

INSTRUCTION: ANSWER 5 QUESTIONS

 

 

(1)  a. Define Agribusiness.                                                             (4 mks )

 

  1. List and explain the three independent sectors perceived by Ebong

 

(2007) for agribusiness.                                                            (4 mks each)

 

  1. List 4 services involved in agribusiness (1 mk each) (2) a. State 5 characteristics of a good manager.                               (2 mks each)
  2. List 4 and explain 2 function of agribusiness management.

 

(Listing=4 mks , explaining 3 mks each) (3)  Discuss briefly 4 environmental factors affecting managerial functions in

agribusinees.                                                                        (5 mks each)

 

(4)  a. Explain partnership in agribusiness organizations.                (4 mks)

 

  1. State 3 advantages and 3 disadvantages of partnership organization.

 

(2 mks each)

 

  1. State 4 steps required as guide in the process of selecting agribusiness enterprise (1 mk each)

 

(4)  a. What is an agribusiness cooperative?                                   (5 mks)

 

  1. Briefly explain the 3 types of agribusiness cooperative. (5 mks each) (5)   a. Explain briefly agricultural research policy of the federal government. b. State 8 National Agricultural Research Institutes and their area of mandate.

(6)  a. Differentiate between fixed and variable cost stating examples of each. (3 mks each)

  1. State 6 taxes payable to Federal government and 4 taxes payable to local government. (1 mk each)
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  1. Briefly explain individual income tax value added tax and corporate tax. (2 mks each)

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