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Agec 00243: Entrepreneurship And Farm Management Question Paper
Agec 00243: Entrepreneurship And Farm Management
Course:Certificate In Animal Health And Production
Institution: Chuka University question papers
Exam Year:2013
CHUKA
UNIVERSITY
UNIVERSITY EXAMINATIONS
SECOND YEAR EXAMINATION FOR THE AWARD OF
CERTIFICATE IN ANIMAL HEALTH AND PRODUCTION
AGEC 00243: ENTREPRENEURSHIP AND FARM MANAGEMENT
STREAMS: CERT (ANHE) Y2S2 TIME: 2 HOURS
DAY/DATE: WEDNESDAY 14/8/2013 8.30 A.M. – 10.30 A.M.
INSTRUCTIONS:
ANSWER QUESTION ONE AND ANY OTHER TWO QUESTIONS
Q1. (a) Briefly explain four reasons why entrepreneurs fail as managers,
with reference to managing growth in their enterprises. [8 marks]
(b) Describe four payments methods that can be used to motivate employees.
[4 marks]
(c) Argue the case for an entrepreneur formulating strategies for a business.
[8 marks]
(d) Analyse five factors that entrepreneurs should consider in selecting the best forms of business ownership. [10 marks]
Q2. (a) Analyse various economic principles that are applied in farm management.
[8 marks]
(b) How can you best plan and budget for your farm? [6 marks]
(c) Highlight the problems facing the youth in your country today which acts as barriers to entrepreneurship. [6 marks]
Q3. On 1st July 2006 Fairview Farm at Makutano Junction started the year with Ksh.12,400 in the bank and Ksh 300 in the cash box.
The farm was owed Ksh 3000 for milk sold to KCC and Ksh 500 for grain sold to agricultural production company.
The farm owed National Farmer’s Association Ksh 1500 for fertilizers and Unga Ltd
Ksh 500 for feedstuffs
Opening Valuation on 1st July 2006
Sh.
Dairy cattle 25000
Grain in store 9000
Potatoes in store 5000
Beans in store 3500
Young stock (heifer and calves) 15000
Goats 5000
Sheep 7000
Buildings 25000
Land, 320 ha 150,000
Implements (tractors, etc) 80,000
Milking machine 10,000
Cattle minerals 600
Expenses
KSh Ksh
Cattle Mineral 900 Machinery repairs 2500
AI 600 Fuel, grease, etc 3000
Veterinary expense 1400 Harvesting 2000
Salaries 15000 Transport and marketing 1400
Feed stuffs 3500 Fertilizers 4500
Pesticides and otherChemicals 2000 Private drawings 7200
Receipts
Ksh Ksh
Cattle sold 6000 Grain sold 5500
Goats sold 4500 Potatoes sold 9800
Sheep sold 5600 Beans sold 6000
Wool sold 3500 Milk sold 12000
Additional information:
Depreciation rates are
? 4% for buildings
? 10% for milking machines
? 20% for implements
At the end of the year, on 30th June 2007, the closing valuation was as follows:
Ksh
Dairy cattle 25000
Grain in store 10000
Beans in store 4000
Young stocks 14000
Goats 2000
Sheep 3000
Wool 3000
Cattle minerals 1000
Fertilizers 2000
Feedstuff in store 600
The farm was owed Ksh 1000 for milk sold to NCC and Ksh 250 for grain sold to APC.
The farm owed NFA Ksh 1000 for fertilizer purchased and Ksh 200 for feedstuffs from
Unga Ltd.
Cash in hand was Ksh 3000 and the bank balance (account) was Ksh 17800.
Required: Write out for Fairview Farm:
(i) Opening and closing Balance Sheet [5 marks]
(ii) Cash analysis book [5 marks]
(iii) Profit and loss account [5 marks]
(iv) Other documents which can be derived from the data. [5 marks]
Q4. (a) Outline six measures that an entrepreneur would put in place to reduce risks at
the workplace. [6 marks]
(b) Shareholders are owners of a public company. In reference to the above statement, describe the rights of the shareholder of a public company.
[4 marks]
(c) Discuss five areas in which entrepreneur could exercise social responsibility.
[10 marks]
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