Agribusiness NCV Level 4 — Document
November 2019 — NCV Level 4 — Agribusiness
NCV Level 4
2019
NCV Agriculture
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Q2— Section header —
Q1— Section header —
1.1Various options are 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.
1.1.1Sales of agricultural products done by market agents on behalf of the farmer on a commission basis: Farmers' cooperative marketing Fresh produce market Communal marketing
1.1.2rgan isation offer ing training in organisational development, business development and research skills:
1.1.3 art of the marketing mix: Size of market Probability
1.1.4stabilises increases decreases fluctuates
1.1.5Which ONE of the following is not an expense document? Bank deposit slip Order book Invoices
1.1.6stimated value of a tractor at the time of selling Salvage value
1.1.7overnment's main s ource of income Value
1.1.8Livestock is slaughtered at hile adhering strictly to the Health and Safety Regulations.
1.1.9A worker is entitled to family responsibility leave of per annual leave cycle. 21 days 17 days
1.1.10helping two people settle a dispute making someone less angry or more friendly
1.2Complete the following sentences by filling in the missing word or words Write only the word or words next to the question number (1.2.1
1.2.5\in the ANSWER BOOK.
1.2.1used by a worker to make his dissatisfaction about something known to his employer.
1.2.2Someone to whom the business owes money and who is a liability
1.2.3statement of assets and liabilities at a particular date.
1.2.4nformation about a population
1.2.5
1.3Choose a term from COLUMN B that matches a description in COLUMN A. Write only the letter (A L\next to the question number (1.3.1
1.3.10\in the ANSWER BOOK. COLUMN COLUMN 1. .1 1.
1.3.91.
3.10roduct or raw mate rial that can be bought or sold asic systems and services necessary for smooth running of a country or organisation
1.4Indicate whether the following statements are TRUE or FALSE. Choose the answer and write only rue or
1.410 \the ANSWER BOOK.
1.4.1Census reports form part of primary information.
1.4.2A high debt servicing ratio indicates that a business experiences high financial pressure.
1.4Pregnant farm workers are allowed maternity leave for two mo nths.
1.4Expectant mothers can claim income from the Unemployment Insurance Fund when they cannot work any further during their pregnancy.
1.4.5ax is payable on minimum wages for farm workers.
1.4Land sold during the year must be e ntered in the inventory at the end of th at year.
1.4Future costs have to be considered when decisions are made
1.4The a spects of dismissal in the work place can be found in the Labour Relations Act.
1.4The Basic Conditions of Employ ment Act deals with the actions of trade unions.
1.4
1.5Complete the following sentences by choosing a word or term from th e list below. Write only the word or term next to the question number (1.5.1
1.5.5in the ANSWER BOOK. breakeven; depreciation; solvency; casual; variable; short; medium; cash slip;
1.5.1is used to record stock returned by a credit customer.
1.5.2the lowering of the value of an asset.
1.5.5
1.6Choose the correct word or words from those given in brackets. Write only the word or words next to the question number (1.6.1
1.6.5\in the ANSWER BOOK.
1.6.1(Human res ourc es/Mechanisation\ refers to people' s skills and abilities for which a company pays.
1.6.2Owner's equity (increases/decreases\ if profit increases.
1.6.3A debtor's invoice book is regarded as (income/expenditure\ documentation.
1.6.4A (pur chase journal/cash book\ is used for recording money or cash coming in and going out of the business
1.6.5
Q2— Section header —
2.1Use the information below to prepare an income statement on the attached ANSWER SHEET for Triumph Farm Enterprises
2.2What is the total price that Peter has to pay for a bag of cement costing R90 ,00 excluding VAT? Show ALL cal
2.3Name any TWO data items that should be included in an asset register. (2\
2.4Name TWO methods that can be used to calculate the depreciation value of a farm implement. (2\ (1011034\
2.5Complete the following bank recon ciliation statement by using the information below. Write only the answer next to the question number (2.5.1
2.5.6in the ANSWER BOOK. The balance on the bank statement is R1 500,00. A deposit of R500,00 was made to the account but it is not in the bank yet. A cheque of R350,00 was written but it has not been cashed.
2.6Which TWO financial records are considered the most important on a farm? (2\
2.7For sustainable agriculture it is necessary to establish the demand for different agricultura l products before you decide which product
2.7.1Explain demand. (2\
2.7.2State FOUR factors that should be taken into consideration when establishing the demand of the product you wa nt to supply. (4\
2.8Define each of the following terms:
2.8.1Market share
2.8.250
Q3— Section header —
3.1.1State FIVE in stances in which an employee in the agricultural sector is allowed to take famil y responsibility leave (5\
3.1.2Explain how a worker' s annual leave is c alculated. (2\
3.1.3State the EIGHT aspects in which farm workers are covered by the minimum conditions of employment. (8\
3.2ist FIVE items that must appear on a payslip esides the worker's name (5\
3.3State FIVE grievances that employees can have. (5\
3.4Charles owns a poultry farm and he wants to diversify by growing feeding crops as well. For this he has to assess the labour
3.4.1
3.4.2Why is safety training important on a farm? (2\
3.4.3
3.4.4What benefits are there for a farm er to enrol employees in a learnership programme? (2\
3.4.5State ONE way in which learner ship programme helps an employee. (1\ [50] (1011034\50
Q4— Section header —
4.1Complete the stock record sheet by using the information below . Write only th e answer next to the question number (4.1.1
4.1.9in the ANSWER BOOK. INFORMATION Opening stock on 28 February 2019 600 adult female animals 20 adult male animals 560 young animals (260 females and 300 males\ The following stock movement took plac e from February until the end of
1.730/05/2019 20 (4.1.5\ (4.1.8\ Total (4.1.9\ (10\
4.2Before a farmer can apply for a loan from bank he has to decide on the type
4.2.1
4.2.2Name THREE types of credit a farmer can obtain from a bank to finance his farming enterprise. (3\
4.2.3Briefly describe ea ch of the THREE types of credit in
Q4— Section header —
Q4— Section header —
4.3.1Describe the fu nction of the National Agricultural Marketing Council (NAMC\. (2\
4.3.2
4.4Charles produced 3 tonnes of potatoes on 2 hectares of land. He sell the potatoes to fruit and ve getable retailers in 15 kg bags. He spent R1 850,00 per hectare on fertiliser and R2 150,00 per hectare on watering the potatoes.
4.4.1Name THREE ways in which Charles can set his price. (3\
4.4.2Calculate the cost of production per bag of p otatoes. (HINT: 1 000 kg = 1 ton\ (6\
4.4.3If the desired rate of profit is 50%, for how much should Charles sell each bag of potatoes ? Show ALL calculations. (6\
4.5When does advantageous financing occur? (1\ [50] TOTAL SECTION B: GR AND TOTAL: 150 200 (1011034\50
Topics Identified
4
Business EnvironmentsForms of OwnershipBusiness FunctionsBusiness Plan
Mark Allocation
Total150 marks
Sections50 + 50 + 50 = 150 marks
Paper information
TitleDocument
SubjectAgribusiness
LevelNCV Level 4
Document typeQuestion paper
Year2019
MonthNovember
Pages13
Downloads5
Examination context
Decade2010s
Years ago7y
SeasonSpring (SH)
Start dayFriday
Exam periodNovember 2019
Days since exam2,535
About Agribusiness examination preparation
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