NATIONAL OPEN UNIVERSITY OF NIGERIA

UNIVERSITY VILLAGE, PLOT 91, CASDASTRAL ZONE, NNAMDI AZIKIWE EXPRESS WAY, JABI, ABUJA.
FACULTY OF AGRICULTURAL SCIENCE
JANUARY/FEBRUARY 2013 EXAMINATION

AEM 509 AGRICULTURAL BUSINESS MANAGEMENT (3 UNIT).

 ANSWER 5 QUESTIONS

 TIME: 21/2 HOURS

(1)  a. Define Agribusiness.

       b. List and explain the three independent sectors perceived by Ebong (2007) for agribusiness.

(2). List and explain 4 function of agribusiness management.

(3)   a. Explain partnership in agribusiness organizations.

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

        c. State other 2 types of agribusiness organization.

(4)   a. What is agribusiness cooperatives?

        b. Briefly explain the 3 types of agribusiness cooperation.

        c. State 5 characteristics of a good manager.

(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. State 6 taxes payable to Federal government and 4 taxes payable to local government.

       b. Briefly explain individual income tax value added tax and corporate tax.

 (7)  a. Differentiate between fixed and variable cost stating examples of  each.

       b. State the three (3) concepts of total cost that are important for analysis of a firm cost structure.