Farm Management and Records
GCE Agricultural Science
12 Farm Management and Records practice questions covering everything you need for GCE.
Drill Farm Management and Records →Sample Farm Management and Records questions
a) Define farm management and state THREE objectives of farm management. (4 marks) b) List FOUR types of farm records a farmer should keep. (4 marks) c) State FOUR importance of keeping farm records. …
a) Explain the following terms as used in farm management: i) Farm budget ii) Gross margin iii) Net farm income (6 marks) b) A poultry farmer spent the following in one production season: cos…
In farm accounting, the term 'depreciation' refers to the
A poultry farmer keeps 500 layers. In one month, total eggs collected were 12,000, feed cost was ₦75,000, labour cost was ₦20,000, and miscellaneous expenses were ₦5,000. If eggs were sold at ₦50 each…
A poultry farmer keeps 500 layers. In one month, total eggs collected were 12,000, feed cost was ₦75,000, labour cost was ₦20,000, and miscellaneous expenses were ₦5,000. If eggs were sold at ₦50 each…
Which of the following is NOT a principle of farm management?
Which of the following best defines farm management?
In a farm enterprise, fixed costs are best described as costs that
A farmer bought a tractor for ₦4,800,000. The tractor has a useful life of 8 years and a salvage value of ₦800,000. Using the straight-line method, what is the annual depreciation of the tractor?
Which of the following farm records would be most useful to a farmer who wants to determine the profitability of a specific crop enterprise over a production season?
The record that a farmer uses to monitor the daily movement of cash into and out of the farm business is called a
Which type of farm record shows the total assets, liabilities, and net worth of a farm at a given point in time?