Equine 1 Unit 2 - SAE & Records

Multiple Choice

What part of a foundational SAE would include a risk assessment of a therapeutic riding facility?

• personal finance management and planning

• career exploration and planning

• agricultural literacy

• workplace safety

Multiple Choice

An example of a foundational, agricultural literacy Supervised Agricultural Experience activity is:

• creating a list of 10 common workplace accidents and ways to avoid them.

• providing a list of agricultural tools used in a career to include common safety concerns.

• preparing a 3-minute presentation articulating the effects of personal responsibility from a past situation.

• developing a 15-minute presentation with visuals to challenge a current agricultural policy.

Multiple Choice

An Immersion SAE project's main purpose is to allow students to:

• earn money.

• start a business.

• gain work experience.

• obtain FFA degrees and awards.

Multiple Choice

What type of Supervised Agricultural Experience is Matt involved in if he is planning, implementing, operating, and assuming financial risks in raising miniature horses?

• Research

• Experimental

• Entrepreneurship

• School-based Enterprise

Multiple Choice

Which type of Immersion Supervised Agricultural Experience would have a summary presentation on the research and findings of the project?

• Placement

• Experimental

• Entrepreneurship

• School-based Enterprise

Multiple Choice

Which type of immersion Supervised Agricultural Experience might require financial and operational reports that are presented to a board of directors?

• Placement

• Experimental

• Entrepreneurship

• School-based Enterprise

Multiple Choice

Which type of Immersion Supervised Agricultural Experience might require a committee report from where engaged stakeholders met?

• Placement

• Experimental

• Service Learning

• School-based Enterprise

Multiple Choice

An example of a Service-Learning Immersion Supervised Agricultural Experience is:

• marketing for a free summer riding program through the local YMCA.

• working at the school barn that trains show horses.

• teaching riding lessons as a part-time job.

• working at a feed and tack supplier.

Multiple Choice

Something tangible of value that a person owns is:

• a liability.

• an asset.

• equity.

• net worth.

Multiple Choice

Money or services that a person owes are:

• assets.

• inventory.

• liabilities.

• net worth.

Multiple Choice

Current liabilities are debts that are:

• due this year.

• due in the next two years.

• due in the next seven years.

• past due.

Multiple Choice

Total assets minus total liabilities equals:

• debts.

• debt-to-equity ratio.

• net worth.

• profit.

Multiple Choice

An itemized list of things owned by a business is the:

• equity.

• inventory.

• liabilities.

• net worth.

Multiple Choice

The loss in value of machinery or buildings due to age, use, or change in market demands is:

• assets.

• depreciation.

• inventory.

• profit.

Get ready for some math questions!

No timer!

Multiple Choice

If a net worth statement shows that a business has $15,000 cash on hand, $30,000 in a checking account, and land valued at $600,000, what amount should be entered on the total assets line of a net worth statement?

• $25,000

• $575,000

• $600,000

• $645,000

Multiple Choice

If a horse producer’s inventory shows 2 tons of feed worth $300 per ton, medicine and supplies worth $2,000, and 30 acres of land valued at $8,000 per acre, what amount should be entered for the total value on nondepreciable inventory line of the inventory page?

• $94,900

• $154,300

• $219,200

• $242,600

Multiple Choice

If a horse farm has total assets of $325,000 and total liabilities of $175,000, which number should be recorded on the net worth line of the net worth statement?

• $75,000

• $100,000

• $150,000

• $310,000