Agribusiness NCV Level 4 — Document
November 2023 — NCV Level 4 — Agribusiness
NCV Level 4
2023
NCV Agriculture
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Q1— Section header —
1.10\in the ANSWER BOOK.
1.1is someone who owes the business money. manager debtor farmer
1.2A product or raw material that can be purchased or sold is known as by product. gross domestic product.
1.3The price at which you must sell your produce to cover your production costs at a certain output level is referred to as variable price. equilibrium. breakeven price.
1.4Except for , the following are conditions to consider before applying for a loan. interest returns
1.5Which of the following is not included in the preparation of a farm budget? An enterprise budget A cash flow budget An income statement
1.6To pay off gradually, usually by periodic payments of principal and interest Amortisation Redemption Depreciation
1.7A measure of a worker's or a group of workers' confidence and zeal at a specific moment is enthusiasm. perception
1.8A way for a worker to let their employer know if they are not satisfied with something is through /an
1.9Which of the following is NOT one of the FOUR marketing tools used by a business to respond to its target market? Plan Product Place
1.10Even though ownership of the crop produce is passed on to the buyer upon delivery, this contract permits the seller to set the price at a later time
Q2— Section header —
2.5\n the ANSWER BOOK.
2.1An annual leave period of 21 consecutive days is granted to farm workers.
2.2Long term credit is repayable over one to five years.
2.3Learnerships have an age restriction.
2.4The greater your debt, the less interest you must pay.
2.55
Q3— Section header —
3.10\n the ANSWER BOOK. COLUMN A COLUMN B
3.10An investment made to reduce the risk of negative price movements direction in which a situation is often developing or changing The difference between net sales and the cost of the sold merchandise
Q4— Section header —
4.5\n the ANSWER BOOK.
4.1Someone who provides emerging farmers with agricultural and business advice and training is called
4.2The number of animals on a grazing field
4.4refers to being responsible for your decisions or actions and being expected to give reasons when asked.
4.55
Q5— Section header —
5.1Read the text below and answer the following questions: [Source: www.google/images.co.za Learnerships are legal agreements between an employer, a learner, and a training provider. This agreement is intended to define the tasks and
5.1.1What is a learnership (2\
5.1.2Mention TWO incentives that employers receive to assist them in funding learnership (2\
5.1.3Who should an employee contact if they believe that their grievances have not been resolved? (1\
5.1.4Briefly describe the CCMA's mission and functions. (6\
5.2Before starting a project, it is critical to determine whether there is a market for the goods or services that will be produced or provided. Market research is required to obtain more accurate information about the business
5.2.1Name and discuss in detail the TWO main methods of obtaining information for market research and provide TWO examples for each. (14\
5.2.2Identify FIVE types of market research information. (5\ [30]30
Q6— Section header —
6.1There are several factors to consider when making a business decision. Identify SIX of these factors. (6\
6.2.1Sammy has decided to register as a tax vendor because she believes it will allow her to charge 15% VAT on the bottles of pickled chillies, resulting in an extra profit of R5,20 per bottle. Is this right?
6.2.2Discuss why many people believe VAT is a fair taxation system. Please provide TWO reasons. (4\
6.3Mrs Mthembu is a broiler farmer in Newcastle with slaughter and processing facilities. She purchases packaging containers in Ladysmith and stores them in a storeroom. The workers in her abattoir wear protective clothing but no
6.4What should management or employer do to keep skills within their business? (5\ [30]30
Q7— Section header —
7.1Using the information below, construct an income statement for Khumalo Enterprise for the year ending 31 December 2022. Use the template provided on the attached ANSWER SHEET 1 to answer the question.
7.2Give a brief definition of bank reconciliation (2\
7.3Determine the THREE columns of a petty cash book. (3\
7.4Name THREE ways in which Khumalo Enterprises can set prices for their cucumbers. (3\ [30] 101103430
Q8— Section header —
8.1Item description Value/Tunnel Total value (1.5 Tunnels\ Income Cucumber sales R 1 950 000
8.2State TWO financial record books that are regarded as essential on the farm. (2\ [30] TOTAL SECTION B: 120 GRAND TOTAL: 150 101103430
8.1KHUMALO ENTERPRISE BUDGET Item description Value/Tunnel Total value (1.5 Tunnels\ Income
Topics Identified
4
Business EnvironmentsBusiness FunctionsLeadershipBusiness Plan
Mark Allocation
Total150 marks
Sections10 + 5 + 10 + 5 + 30 + 30 + 30 + 30 = 150 marks
Paper information
TitleDocument
SubjectAgribusiness
LevelNCV Level 4
Document typeQuestion paper
Year2023
MonthNovember
Pages11
Downloads3
Examination context
Decade2020s
Years ago3y
SeasonSpring (SH)
Start dayWednesday
Exam periodNovember 2023
Days since exam1,074
About Agribusiness examination preparation
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