Multiple Choice: ENCIRCLE and WRITE the letter of the corred ansaver before each number (15 points). 1. It is the total equivalent value of the product sold. A Income C. Gross Income B. Interest D. Principal Cash 2 Refers to the work performed by farm workers in exchange for salary A Gross Income C. Interest B. Labor D. Net Income 3. The value remains after all the expenses have been deducted from the gross income A Gross Income C. Labor B. Net Income D. Interest 4. It refers to the amount borrowed or owed. A Labor C. Gross income B. Principal Cash D. Interest 5. Insecticides, Fertilizers, Seeds, Farm Machineries are examples of A Farm Plan C. Farm Outputs B. Farm Inputs D. Farm Implements 6. Which of the following is NOT an example of labor requirement in land preparation? A Clearing of the land C. Plowing B. Drying seeds D. Harrowing 7. Which is NOT a labor requirement in plant care? A Weeding C. Watering B. Digging soil D. Pest control
