Equine Unit 2

Front

What is Entrepreneurship in the context of Supervised Agricultural Experience?

Back

Entrepreneurship involves planning, implementing, operating, and assuming financial risks in agricultural activities, such as raising horses.

Front

Define an asset.

Back

An asset is something tangible of value that a person owns.

Front

What is the purpose of an inventory in a business?

Back

An inventory is an itemized list of things owned by a business, used to track assets and manage resources.

Front

What are Efficiency Factors in an agricultural enterprise?

Back

Efficiency Factors are metrics used to evaluate the performance and productivity of an agricultural operation.

Front

What is a liability?

Back

A liability is a financial obligation or debt that a person or business owes to another party.

Front

Explain the term 'net worth'.

Back

Net worth is the difference between a person's total assets and total liabilities, representing their financial position.

Front

What is the role of a Placement Supervised Agricultural Experience?

Back

Placement involves working for an employer in an agricultural setting to gain practical experience.

Front

What does equity represent in a business context?

Back

Equity represents the ownership value in a business after all liabilities have been deducted from assets.

Front

What is the difference between an asset and a liability?

Back

An asset is something of value owned, while a liability is a debt or obligation owed.

Front

What is an example of an exploratory Supervised Agricultural Experience?

Back

An exploratory experience might involve researching different aspects of horse care without direct involvement in operations.