B. Development
Direction: Read each statement carefully. Choose the answer from the
given choices and write it on your answer sheet
1. These are resources that are used in larm production,
a, crop protection b. productivity c. farm inputs d. profitability
2. It is a farm input which is essential for growth as it enables off season
farming and provides the potential for multiple harvests per year,
a, irrigation b. fertilizer
c, chemicals d. equipment
3. It supplies nutrients to the soil that are essential for growth.
a. irrigation b. Iertilizer
c. chemical d. equipment
4. Farm inputs which are critical to successful crop production, farm
productivity, and profitability,
a. seeds
b. fungicides c. machinery d. knowledge
5. Which of the following is not considered as farm protection chemicals
a fertilizers b. fungicides c herbicides d, insecticides
6. It refers to the size of the surface
a. length
b, width
d. height
7. It refers to the work performed by workers in exchange for salary or wage
a. volume
b. labor
c. animals
d. area
8. It is the value that remains alter all the expenses have been deducted from
the gross income or sales.
m. net income b. prolit
c capital
d. gross income
9. The corresponding value that will be added to the principal as payment for
using money of the lender is called
. loan
by interest c income
d, loss
Carca
Answers & Comments
Answer:
1. C
2. A
3. B.
4. A
5. A
6. Area
7. B.
8. B.
9. B,
Explanation:
1. Farm inputs include land, family labour, oxpower, tractors and machinery, crop storage space, fences and livestock housing are examples of service-generating resources which provide their services as a flow over time.
2. Irrigation is also essential for growth as it enables off-season farming, provides the potential for multiple harvests per year, and brings additional land under cultivation.
3. Fertilizer supplies nutrients to the soil that are essential for growth. Increased use of fertilizer and improved seeds are partially credited with the large increases in agricultural productivity growth in Asia during the Green Revolution in the 1960s.
4. Seeds are critical to successful crop production and inevitably, farm productivity and profitability.
5. Fertilizers is not a farm protection chemicals because it is a nutrients.
6. Area refers to the size of the surface.
7. Labor refers to the work performed by farm workers in exchange for salary.
8. Net profit (also called net income or net earnings) is the value that remains after all expenses, including interest and taxes, have been deducted from revenue.
9. Interest is the corresponding value that will be added to the principal as payment for using money of the lender.