Agribusiness NCV Level 3 — Document
November 2019 — NCV Level 3 — Agribusiness
NCV Level 3
2019
NCV Agriculture
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Q1— Section header —
1.1Various options a re given as possible answers to the following questions. Choose the answer and write only the letter (A D\ next to the question number (1.1.1
1.1.10\in the ANSWER BOOK.
1.1.1Dividing the population into groups and then choosing from each group at ra ndom
1.1.2Any additional product that is produced by a plant or animal that you can use after the main product has been produced
1.1.3Units of work as performed by a human/people Man hours
1.1.4An estimate of cash flow in a business over a period of time Income cash flow Ca sh flow budget
1.1.5Trade agreements within regions Export trad Import trad
1.1.6A f ormal expression for describing the development al stage of a commod ity, which affects its quality and therefore its price
1.1.7Anything that is traded, but in agricultural terms, it refers to any produce that is sold Range Organic produce
1.1.8A b usiness activity that two or more people or companies start together, and then they share the costs, risks and profits
1.1.9Another term for the remaining cash balance Equal cash balance
1.1.10n a rrangement with a bank or other lender to borrow money up to a certain amount when needed
1.2Complete the following sentences by writing down the missing word or words next to the question number (1.2.1
1.2.5\the ANSWER BOOK.
1.2.1A/ An is an offi cial document that gives permission to bring goods into South Africa.
1.2.2A/ An indicates the amount of money a business has at the start of a budget period.
1.2.3A/ An is an infrastructure used to store maize and sunflower grains.
1.2means securing the future by taking care of finances and other assets.
1.2.5
1.3Choose a description from COLUMN B that matches a term in COLUMN A. Write only t he letter (A \next to the question number (1.3.1
1.3.10\in the ANSWER BOOK. COLUMN COLUMN
1.3.10Carrying capacity Random sampling Breeding rate Zoning regulations Biodivers ity Wages Turnover Inflation
1.4Indicate whether the following statements are TRUE or FALSE. Choose the answer and write only 'True' or 'False' next to the question number (1.4.1
1.4.5\ the ANSWER BOOK.
1.4.1Marketing is the act of buying and selling
1.4.2If the farm is viable, it is easy for it to be sustainable
1.4.3Variable costs are direct costs
1.4.4Data about stock levels helps the farmer plan ahead
1.4.5
1.5Indicate whether the FARMER or the GOVERNMENT will maintain the following infrastructure. Write only 'Farmer' or 'Government' next to the question number (1.5.1
1.5.5\ the ANSWER BOOK.
1.5.1Poultry house
1.5.2Dirt roads on a farm
1.5.3National roads
1.5.4Large generators to service farm needs
1.5.5
1.6The following statements are FALSE. Correct each statement to make it TRUE. Please underline the corrected words.
1.6.1For crops, the production season starts with harvesting and selling the produce and ends with preparing the land.
1.6.2Counting ticks on some cattle or removing soil samples for testing from different parts of the field a re examples of agricultural populations.
1.6.3Agribusinesses need not be sustainable because they do not play an important part in the economy of South Africa
1.6.4Sales above the break even point result in a loss and sales below this point re sult in profit.
1.6.540
Q2— Section header —
2.1You want to ensure that your workers are always engaged in some kind of work. One way of doing this is to sell your services to neighbouring projects to generate extra income and pay salaries and oth er expenditure. You need to
2.1.1
2.1.2If FOUR workers are used for five days to scout for pest s in a project and you charge R85,00 per labourer per five days
2.2You have produced 3 000 heads of cabbage on one hectare of land. Eight heads are packaged per bag for export to Zimba bwe at R20,00 per bag.
2.2.1Calculate the total income from the heads of cabbage. Show ALL calculations. (4\
2.2.2Give THREE indicators of the economic sustainability of an agribusiness in terms of its marketability. (3\
2.2.3State THRE E rules and regulations that you need to know if you want to export cabbages to a foreign country. (3\
2.3Name THREE instruments that you could use to measure the amount of water in the soil (3\
2.4Briefly describe how you will do the followi ng:
2.4.1Ensure that the chemicals and pesticides you have in stock do not expire and are kept safely. (2\
2.4.2Ensure that tools and equipment are kept safely. (5\
2.4.3Collect data on pests and disease on the farm before and after pla nting. (4\ [30] (1011033\30
Q3— Section header —
3.1Name the THREE main sources of income in farming. (3\
3.2Good managers will calculate a break even point for each enterprise in the business. How does this help them? (3\
3.3The following unit c osts and income were budgeted by a farmer for 1 hectare of dry land production and sales of different crops in 2015. Study the table below and answer the questions CROP COST PER HECTARE
3.3.1Which of the crops did not break even? What was the percentage loss? (2\
3.3.2Suggest TWO methods that can be used to improve the sales of the product that did no t break even. (2\
3.3.3Name the crop that had the best gross profit margin and indicate how much the gross profit was. (2\
3.3.4Calculate the percentage profit made from maize. (4\
3.3.5Calculate the total income generated from ALL the crops. (2\
3.3.6Calculate the total percentage profit for sorghum and ground nuts. (4\
3.3.7Calculate the return on investment (ROI\ using the following formula: ROI = Total income Total costs 100
3.4Different aspects of sustainability are measured by considering different indicators. Name the aspects of sustainability of each of the indicators below. Write only the answer nex t to the question number (3.4.1
3.4.4\in the ANSWER BOOK. INDI CATOR ASPECTS OF SUSTAINABILITY
3.4.1Quality of life of farm workers
3.4.2Soil water depth, water runoff, soil loss due to erosion
3.4.3Profitability of the agribusiness
3.4.4The degree to which the agribusiness complies with state regulations (4 1\ (4\
Q4— Section header —
4.1
4.2.1Assets
4.2.2Liability
4.2.3Product income
4.2.4Grading
4.2.5Trade (5 2\ (10\
4.3Outline SIX reasons why farmers need to budget. (6\
4.4Name FIVE factors that can affect the long ter m viability of a farming enterprise. (5\
4.5Differentiate between ross income and et income (2\ [35]35
Q5— Section header —
5.1Name SIX important reasons for market research (6\
5.2Name TWO measure that a farmer can use to determine whether a product is mature or not.
5.3Name FOUR factors that will determine the repayment period of a loan. (4\
5.4List THREE practices used in integrated pest management. (3\ [15] TOTAL SECTION B: 110 GRAND TOTAL: 15015
Topics Identified
5
Business EnvironmentsForms of OwnershipBusiness FunctionsLeadershipBusiness Plan
Mark Allocation
Total150 marks
Sections40 + 30 + 30 + 35 + 15 = 150 marks
Paper information
TitleDocument
SubjectAgribusiness
LevelNCV Level 3
Document typeQuestion paper
Year2019
MonthNovember
Pages9
Downloads3
Examination context
Decade2010s
Years ago7y
SeasonSpring (SH)
Start dayFriday
Exam periodNovember 2019
Days since exam2,536
About Agribusiness examination preparation
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How to use this resource for revision
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For stronger examination practice, complete the paper without unnecessary interruptions and keep track of the questions that take the most time. Afterwards, review the memorandum and separate knowledge gaps from mistakes caused by interpretation, calculation, structure, or examination technique.
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A practical revision approach
Start by completing the resource without looking at the memorandum. Review incorrect and incomplete answers afterwards and make a short revision list based on the areas that caused difficulty.
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