Management Farming N4 — Document
November 2018 — N4 — Management Farming
N4
2018
Nated Business
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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
1.1.5\n the ANSWER BOOK.
1.1.1Which ONE of the following is NOT mediator among the role players in agriculture?
1.1.2Which ONE of the FOUR production factors falls under the category of human resources
1.1.3Increasing profit is the main drive behind this economic system Mixed economy Socialism Capitalism
1.1.4South Africa and Malawi signed a trade agreement to regulate the flow of goods 1986 1990
1.1.5Through this Act pricing policy in the maize industry changed from cost plus bias to a more market oriented system
1.2Draw the table below in the ANSWER BOOK and t abulate the advantages and disadvantages of the following most important forms of economic systems: ECONOMIC SYSTEM
1.3The main aim of agricultural policy is to guide the development of agriculture in a way that the factors of production are utilised effectively.
1.3.1Name THREE macro economic instruments that may be used to execute the agricultural policy. (3\
1.3.2Explain each of the instrument /polic ies mentioned in
Q1— Section header —
1.4Read the case study below and answer the questions SOUTH AFRICAN GDP GDP in South Africa was expected to be 360.00 USD Billion by the end of 2016 first quarter, according to Trading Economics global macro models
1.4.1Define the concept GDP (2\
1.4.2What would be the impact of the decreased GDP to the country as a whole? (2\ 4090544
1.5Answer the following questions based on GDP of a country:
1.5.1What does the abbreviation GDP stand for? (1\
1.5.2Write the acronym GDP in full (2\
1.5.3Give TWO factors that may have a negative effect on the GDP of the country. (2\ 1. It is expected that population growth rate will increase by 2, 26 % per annum
Q2— Section header —
2.1Define the following terms:
2.1.1Farming management
2.1.2Coincidental occurrences
2.1.3
2.2A manager s task is primarily that of decision making on a daily basis.
2.2.1List FOUR basic steps of a rational decision (4\
2.2.2Describe what each step of a rational decision listed in
Q2— Section header —
2.3Well defined farming objectives set a clear guideline of what needs to be achieved in the farming business.
2.3.1Name THREE categories of objectives according to time period. (3\
2.3.2Set objectives for your emerging broiler production business based on the aspects given below as a guideline. NB: Objectives must always adhere to the SMART principle (a\ Profitability (b\ Productivity
2.4The farm man ger has to organise the available resource in such a way that the best possible production is achieved.
2.4.1Discuss how you would organis the employees in your farming business. (6\
2.4.2Name THREE forms of organisational structures that are common in the agricultural sector. (3\
2.4.3Explain each of the THREE organi ational structures mentioned in
Q2— Section header —
2.4.4Suggest THREE circumstances that will necessitate changes to the organisational structure of your farm business. (3\ [45]45
Q3— Section header —
3.1Give ONE word/term for each of the following descriptions. Write only the word/ter m next to the question number (3.1.1 .1.5 in the ANSWER BOOK.
3.1.1Familiarising new employee to the procedures, rules and practices on the farm.
3.1.2Predicting the flow of future events based on given information and pre empted expectations.
3.1.3The development of a long term strategy to realise the farm mission.
3.1.4An instrument that is used in the evaluation of capital and labour.
3.1.5
3.2Training workers on farms is another way farmers use to improve their workers productivity.
3.2.1Name the THREE categories of training that can be offered to your employees. (3\
3.2.2Suggest FOUR strategies the trainer can apply to ensure the effectiveness in training of employees. (4\ 4090544
3.3Different performances standards are used in a farm to successful execute the control function.
3.3.1Explain the following concepts that are used as performance standards in a farm business. (a\ Solvency (b\ Liquidity (c\ Gross production value
3.3.2
3.4You are employed as a farm manager at Feed the Nation farm in the Vryheid area. The farm specialises in poultry, vegetables and maize production.
3.4.1List the FIVE steps you would follow when planning a crop production division. (5\
3.4.2Explain how you would apply the following planning techniques at Feed the ation farm. (a\ Procedures (b\ Budget (c\
3.4.3Which are the FOUR possible limitations you may experience in your planning? (4\
3.4.4Farm workers (employees\ want to feel secure in their work and want to respect their employer. Give FOUR aspects a farm manager should do to ensure an effective leading function. (4\
4.4Name TWO secondary activities of the agricultural market.
4.5Explain the following concepts in relation to agricultural marketing
4.5.1Price elasticity of demand
4.5.2Income elasticity of demand
4.5.3
4.6The South African consumers market is a dualistic market Explain the concept dualistic market with regard to the South African
Q5— Section header —
5.1Indicate whether the following activities will INCREASE or DECREASE if the demand of a product is inelastic. Write only ncrease or
5.1.4\the ANSWER BOOK
5.1.1Sales
5.1.2Price of a product
5.1.3Profit
5.1.4
5.2Give FOUR factors that are the main decision making issue when marketing of a product is decided upon. (4\
5.3Name FOUR strategies that were used in South Africa to stabilise prices in agriculture. (4\
5.4Management s orientation towards marketing has changed over the years hence there is evolution, however three main marketing orientations exist, namely Production, Sales and Marketing or Consumer orientation.
5.4.1Define the term marketing (2\
5.4.2
5.4.3Name FOUR unique characteristics of a target market (4\ 4090544 10
5.5Most prices of agricultural commodities in South Africa are the equilibrium prices that are formed by the market forces.
5.5.1Define the term equilibrium price (2\
5.5.2Sketch a simple and labelled graph illustrating how equilibrium prices are formed. (6\
5.6.1Name TWO main distribution channels that are used by farmers who produce statutory regulated goods.
5.6.2Describe each of the distribution channels mentioned in
Q5— Section header —
5.7List the first FOUR steps to be followed in the development of a marketing strategy. (4\ [40] TOTAL: 20040
Topics Identified
4
Business EnvironmentsBusiness FunctionsLeadershipBusiness Plan
Mark Allocation
Total200 marks
Sections45 + 40 + 40 + 40 = 165 marks
Paper information
TitleDocument
SubjectManagement Farming
LevelN4
Document typeQuestion paper
Year2018
MonthNovember
Pages10
Downloads3
Examination context
Decade2010s
Years ago8y
SeasonSpring (SH)
Start dayThursday
Exam periodNovember 2018
Days since exam2,901
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