Agriculture Quiz

What does the acronym AET stand for?

• Agriculture expertise tracker

• Agriculture enterprise tracker

• Agriculture experience tracker

• Agriculture expense tracker

What three items are needed in order to sign into a student AET account?

• Chapter name, first name, last name

• Chapter number, username, password

• Chapter number first name, last name

• Chapter name, username, password

CWT is the abbreviation for?

• Hundredweight

• Tons

• 100lbs

• Both a and c

Which of the following SAE types must have a budget?

• Placement and foundational

• Research and placement

• Entrepreneurial and research

• Entrepreneurial and placement

An SAE is comprised of what three essential elements?

• Planning, documenting, and annual summary

• Planning, directing, annual enterprise

• Planning, documenting, annual annuity

• Planning documenting, annual expertise

An asset in terms of an SAE can be defined as ____________.

• the estimated sale price

• an item of value that you own

• inventory value of SAE

• money or items of value that you owe others

Which of the following items is a non-current inventory item?

• 500 lbs of fertilizer

• 1 ton of grain

• A John Deere grain drill

• 2.5 gallons of glyphosate herbicide

An asset that includes breeding animals show tack, lawnmowers, barns, land, trailers, and other high-value items

• Depreciation expense

• Non-current inventory (capital items)

• AET market adjustment

• Capital Item usage

True or false, all SAEs require an SAE plan.

• True

• False

The cost of the item, minus the salvage value, divided by the useful life is the equation for what?

• Net worth

• Gross income

• Depreciation

• Liabilities