NATIONAL OPEN UNIVERSITY OF NIGERIA

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

COURSE CODE: AEM509

COURSE TITLE: AGRICULTURAL BUSINESS MANAGEMENT

TIME ALLOWED: 21/2 HOURS

INSTRUCTION: ANSWER 5 QUESTIONS                                      

(1)  a. Define Agribusiness.                                                             (4 mks )

       b. List and explain the three independent sectors perceived by Ebong (2007) for agribusine            (4 mks each)

       c. List 4 services involved in agribusiness                                 (1 mk each)

(2) a. State 5 characteristics of a good manager.        (2 mks each)

b. List 4 and explain 2 function of agribusiness management. (Listing=4 mks , explaining 3 mks each)

(3)   Discuss briefly 4 environmental factors affecting managerial functions in agribusinees.      (5 mks each)

(4)   a. Explain partnership in agribusiness organizations.                (4 mks)

        b. State 3 advantages and 3 disadvantages of partnership organization.   (2 mks each)

c. State 4 steps required as guide in the process of selecting agribusiness enterprise     (1 mk each)

(4)   a. What is an agribusiness cooperative?                                   (5 mks)

        b. Briefly explain the 3 types of agribusiness cooperative.        (5 mks each)

        (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. Differentiate between fixed and variable cost stating examples of each.  (3 mks each)

b. State 6 taxes payable to Federal government and 4 taxes payable to local government.       (1 mk each)

c. Briefly explain individual income tax value added tax and corporate tax.   (2 mks each)