NOUN TMA Questions and Answers: CRD334- Agro – Business Management
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Q1 In ____________death will adversely affect the success of the business
Sole propriet orship
Q2 ___________________commonest and oldest type of business
Sole propriet orship
Q3 ___________ involves legislation
corporation
Q4 ___________ requires only man
Single propri etorship
Q5 ____________ is NOT an example of variable cost
land
Q6 __________costs do not vary with the level of output
fixed
Q7 Staffing includes the following except ________________
directing
Q8 _______________ in management involves the recruitment of personnel
Staffing
Q9 Good plans are NOTcapable of implementation.
FALSE '
Q10 _________________are also referred to as capital goods
farm incom e
Q11 _________ refer to those industries that carry out the production and distribution of farm supplies (inputs) and those that process and distribute food and fibre products
agribusines s
Q12 Processing account for between ________ percent of the value added yields
51 and 60
Q13 There are __________the components of agribusiness
seven (7 )
Q14 Business has obligations to competitors
TRUE'
Q15 Business should ensure that customers have the best products and services at the least cost
TRUE'
Q16 _______________is agriculturally related business, concerned with the production, distribution and processing of food and fibre
agribus iness
Q17 There are ____________ major types of business within the economy
seven (7 )
Q18 Most agricultural produce can be consumed in the state in which they produced
FALSE '
Q19 Most agriculture produce are perishable. TRUE OR FALSE
TRUE'
Q20 Agriculture is in mainly the hands of the scale farmers
Small
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NOUN TMA Questions and Answers: CRD334- Agro – Business Management
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Q21 ________________ deals with determining the most efficient and effective use of resources
tactical
Q22 ________________aims at ascertaining how an organization can compete successfully within its environment
Strategi c plan
Q23 Without __________ the will not have direction
planning
Q24 ______________ usually carried out before the business starts
planning
Q25 Management functions include the following except
taxing
Q26 Discipline is NOT a principle of Management
FALSE '
Q27 Management can be viewed as an art.
TRUE'
Q28 There are __________________ school of thought of management
three (3)
Q29 ___________________ approach involve taking viable decisions
decis ion theory
Q30 Case approach is an example of approaches to management
TRUE'
Q31 ________________ is NOT a formal source of finance
Isusu
Q32 _________________banks are wholesale bankers
Merchant
Q33 Community banks is an example of informal source of finance
FALSE '
Q34 _______________are undertaken by the government
public corpor ation
Q35 ________________enjoys the rewards of economies of scale
public comp any
Q36 A minimum of _____________can form the company
seven (7)
Q37 Companies are of ____________ types
two (2)
Q38 ___________________ is owned and operated by the members for mostly rendering services to members
cooperative s
Q39 ___________ requires two or more people
partnership
Q40 _______________costs vary with the level of output
variab le
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Q21 ________________ deals with determining the most efficient and effective use of resources
tactical
Q22 ________________aims at ascertaining how an organization can compete successfully within its environment
Strategi c plan
Q23 Without __________ the will not have direction
planning
Q24 ______________ usually carried out before the business starts
planning
Q25 Management functions include the following except
taxing
Q26 Discipline is NOT a principle of Management
FALSE '
Q27 Management can be viewed as an art.
TRUE'
Q28 There are __________________ school of thought of management
three (3)
Q29 ___________________ approach involve taking viable decisions
decis ion theory
Q30 Case approach is an example of approaches to management
TRUE'
Q31 ________________ is NOT a formal source of finance
Isusu
Q32 _________________banks are wholesale bankers
Merchant
Q33 Community banks is an example of informal source of finance
FALSE '
Q34 _______________are undertaken by the government
public corpor ation
Q35 ________________enjoys the rewards of economies of scale
public comp any
Q36 A minimum of _____________can form the company
seven (7)
Q37 Companies are of ____________ types
two (2)
Q38 ___________________ is owned and operated by the members for mostly rendering services to members
cooperative s
Q39 ___________ requires two or more people
partnership
Q40 _______________costs vary with the level of output
variab le
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Q41 Standards are of _________________ types
seven (7)
Q42 Compliance is NOT a subordinates reaction to supervisory control
FALSE '
Q43 _______________is the regulation of work activities according to plans
controll ing
Q44 ___________ is the measurement and correction of activities of subordinates
controll ing
Q45 ____________ is the last stage in the selection process
Job-offer
Q46 __________involves seeking out prospective employees through various means
recruitment
Q47 __________________ is NOT an agro product of rubber
flour
Q48 __________________ is NOT an agro product of yam
flour
Q49 The degree of change between harvesting and final use is called ____________
selling
Q50 Resource analysis is NOT an element of planning
FALSE '
Q51 Premising is a step in planning process
TRUE'
Q52 _______________ is often used by capital intensive organizations ranging from five years to infinitum
long term
Q53 ____________ type of plan usually runs from one to five years
medium term
Q54 _____________ are sometimes called annual operational plans
Short-term
Q55 ________________ plans are designed by top and middle to meet organizational goal
strategi c
Q56 organizations use __________ main types of plans
two(2)
Q57 Planning is the primary function of management
TRUE'
Q58 Renumeration is a principle of Management
TRUE'
Q59 Tactical planning is usually shortterm in nature and is largely concerned with the problems of strategies plans
TRUE'
Q60 _____________________ approach refers to relationship between those involved in the enterprises
interpersonal behaviour
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Q41 Standards are of _________________ types
seven (7)
Q42 Compliance is NOT a subordinates reaction to supervisory control
FALSE '
Q43 _______________is the regulation of work activities according to plans
controll ing
Q44 ___________ is the measurement and correction of activities of subordinates
controll ing
Q45 ____________ is the last stage in the selection process
Job-offer
Q46 __________involves seeking out prospective employees through various means
recruitment
Q47 __________________ is NOT an agro product of rubber
flour
Q48 __________________ is NOT an agro product of yam
flour
Q49 The degree of change between harvesting and final use is called ____________
selling
Q50 Resource analysis is NOT an element of planning
FALSE '
Q51 Premising is a step in planning process
TRUE'
Q52 _______________ is often used by capital intensive organizations ranging from five years to infinitum
long term
Q53 ____________ type of plan usually runs from one to five years
medium term
Q54 _____________ are sometimes called annual operational plans
Short-term
Q55 ________________ plans are designed by top and middle to meet organizational goal
strategi c
Q56 organizations use __________ main types of plans
two(2)
Q57 Planning is the primary function of management
TRUE'
Q58 Renumeration is a principle of Management
TRUE'
Q59 Tactical planning is usually shortterm in nature and is largely concerned with the problems of strategies plans
TRUE'
Q60 _____________________ approach refers to relationship between those involved in the enterprises
interpersonal behaviour
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Re: NOUN TMA Questions and Answers: CRD334- Agro – Business Management
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Whatsapp: 08155572788
Q61 ?study requires investigation into the future costs and returns associated with the business
Feasibility
Q62 ?is owned and operated by members for mostly rendering services to members and assuming the risk collectively
cooperative
Q63 In business registration, agreement is completed to ensure?backing
legal
Q64 Which business organization is more fitted for Nigerians?
proprietorship
Q65 Companies are?types
two
Q66 A minimum of?persons can form public limited company
seve n
Q67 Who funds Public Corporations?
governm ent
Q68 It is pertinent to know the?of business organization, extent of control, investment and the profit thereof
cost
Q69 There are?main sources of finance for agribusiness enterprise
two
Q70 Small-scale entrepreneurs rely more on?sources for funds
inform al
Q71 The process of getting loan from banks are?
cumb ersome
Q72 Bank of Industry in Nigeria gives priority to?term loan
intermed iate
Q73 ? Is the process by which managers create , direct, maintain and operate purposeful organization through systemic coordination
Management
Q74 ?school of thought regards management as an art that managers are born
First
Q75 ? school of thought states that management is a science and can be measured
Seco nd
Q76 ?discussed on scientific, training and selection of workers
Taylor
Q77 ?wrote on general and industrial management
Fayol
Q78 Elements of management by Fayol are now?
factions
Q79 There are...principles of management according to Fayol
14
Q80 Fixed cost includes the following except:
fertiliz er
Email: Solutions2tma@gmail.com
Whatsapp: 08155572788
Whatsapp: 08155572788
Q61 ?study requires investigation into the future costs and returns associated with the business
Feasibility
Q62 ?is owned and operated by members for mostly rendering services to members and assuming the risk collectively
cooperative
Q63 In business registration, agreement is completed to ensure?backing
legal
Q64 Which business organization is more fitted for Nigerians?
proprietorship
Q65 Companies are?types
two
Q66 A minimum of?persons can form public limited company
seve n
Q67 Who funds Public Corporations?
governm ent
Q68 It is pertinent to know the?of business organization, extent of control, investment and the profit thereof
cost
Q69 There are?main sources of finance for agribusiness enterprise
two
Q70 Small-scale entrepreneurs rely more on?sources for funds
inform al
Q71 The process of getting loan from banks are?
cumb ersome
Q72 Bank of Industry in Nigeria gives priority to?term loan
intermed iate
Q73 ? Is the process by which managers create , direct, maintain and operate purposeful organization through systemic coordination
Management
Q74 ?school of thought regards management as an art that managers are born
First
Q75 ? school of thought states that management is a science and can be measured
Seco nd
Q76 ?discussed on scientific, training and selection of workers
Taylor
Q77 ?wrote on general and industrial management
Fayol
Q78 Elements of management by Fayol are now?
factions
Q79 There are...principles of management according to Fayol
14
Q80 Fixed cost includes the following except:
fertiliz er
Email: Solutions2tma@gmail.com
Whatsapp: 08155572788
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