1) What is farm management? (0.

5pts)

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2) What are the principles of farm management? (0.75pts)

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3) What is managerial effectiveness? (0.25pts)

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4) Define depreciation (0.25pts)

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5) What are the two systems used in farm accounting? (1pts)

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6) What is the basis of valuation? (0.25pts)

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7) Why is consuming value rational? (0.25pts)

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8) How do you value trading stock? (1pts)

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9) What are the basis financial statements that summarize information of a

firm’s financial records? (o.75pts)

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10) give the four business areas to be managed (1pts)

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11) What is a principle? (0.5pts)

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12) Give four principle up on which management sciences rests (1pts)

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13) What is a balance sheet? (0.5pts)

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14) What are the main purposes of farm records? (1.25pts)

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15) Name the different groups of farm records (1pts)

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16) What determines the immediate solvency and solvency?

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17) Give the economic efficiencies of farm business (1pts)

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18) What is budgeting? (0.5pts)

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19) Give three uses of partial budgeting? (1.5pts)

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20) Write a trading account for two trading stock purchased at 7,000FCFA each
(2pts)

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21) What is tactical planning? (0.5pts)

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22) What are the basis functions of a cash flow? (1pts)

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23) What are the uses of a cash flow? (1pts)

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24) What are the steps for an effective control system? (1.25pts)

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