MAASAI MARA UNIVERSITY
REGULAR UNIVERSITY EXAMINATIONS
2016/2017 ACADEMIC YEAR
FOURTH YEAR SECOND SEMESTER
SCHOOL OF BUSINESS & ECONOMICS
BACHELOR OF SCIENCE IN AGRICULTURAL ECONOMICS & RESOURCE ECONOMICS
COURSE CODE: ARE 431
COURSE TITLE: AGRIBUSINESS MANAGEMENT
DATE: 9TH MAY 2017 TIME: 1100-1300 HRS
INSTRUCTIONS TO CANDIDATES
Answer Question ONE and any other THREE questions
This paper consists of 3 printed pages. Please turn over.
QUESTION ONE
a) Write short notes on the following;
i. Manager (2mks)
ii. Management (2mks)
iii. Agribusiness Management (2mks)
iv. Vertical integration vs horizontal integration (3mks)
b) Given the information below from Galgalo’s Farm as at 31/03/2017:
Required:
i. Calculate the following missing figures and fill the table;
a) Inventory (1mk)
b) Wages payable (1mk)
c) Equipments (1mk)
d) Mortgage loan (1mk)
e) Total Assets and Total Liabilities and capital (2mks)
ii) Compute the following ratios
i) Current ratio (2mks)
ii) Quick ratio (2mks)
iii) Cash ratio (2mks)
c) A manager is both a scientist as well as Artist. Discuss? (4 mks)
QUESTION TWO
a) Explain the term” organization” and “organization structure”? Why is an organization structure necessary in a business entity? (8mks)
b) Discuss the distinctive features of Agribusiness Management. (7mks)
QUESTION THREE
a) Explain the principles of scientific management by Henri Fayol. (10mks)
b) ‘Orders or instructions are the vehicles for messages with proper direction from top to bottom of an organization’ discuss the salient features of good orders. (5mks)
QUESTION FOUR
c) Explain the importance of planning to Agribusiness Enterprises (8mks)
d) Discuss the characteristics of capital. (7 mks)
QUESTION FIVE
a) You have been appointed as a Program Officer for a Millet Improvement Project in Embu County by an NGO. Come up with a project cycle highlighting the key activities. (8 mks)
b) Discuss the constraints in setting up agro-based industries. (7mks)
