Hort 2 Obj 2

On a financial statement, net worth is:

• Current assets minus current liabilities

• Current assets plus current liabilities

• Total assets minus total liabilities

• Total assets plus total liabilities

Mortgages that are not due this year are entered on a financial statement as:

• Current liabilities

• Current assets

• Non-current liabilities

• Non-current assets

What type of immersion SAE is Belle completing by growing and selling red worms used to produce compost?

• Entrepreneurship

• Placement

• Invention

• Service Learning

What type of immersion SAE is Monica completing by working at a local garden center?

• Analytical

• Placement

• Service Learning

• Entrepreneurship

If Jessica is preparing a summary presentation on her research with organic and inorganic fertilizers, her SAE project would be identified as a/an:

• School-based Enterprise

• Entrepreneurship

• Experimental

• Placement

What is the primary difference between current assets and non-current assets?

• Current assets depreciate faster than non-current assets

• Current assets can be converted to cash within 12 months

• Non-current assets are more valuable than current assets

• Non-current assets are always depreciable

Which of the following is a component of developing a personal budget?

• Maximizing business profits

• Calculating depreciation

• Assessing personal values and lifestyle

• Determining market competition

What is the main purpose of an SAE program?

• To replace traditional classroom learning

• To explore and identify agricultural interests

• To generate profit only

• To fulfill state requirements

What is a characteristic of a school-based enterprise SAE?

• Individual work only

• No profit generation

• Cooperative group work

• Off-campus location only

Which SAE component ensures the project is student-driven?

• Career alignment

• Student-led design

• Instructor supervision

• Measurable outcomes