WorksheetsSAE/ FFA
Total questions: 10
Worksheet time: 5mins
Name
Class
Date
1.
What is the number one item that you should always record with your S.A.E.'s?
a)
your project log
b)
your hours
c)
your agenda
d)
your assets
2.
liabilities are also known as what?
a)
assets
b)
equity
c)
debt
d)
inventory
3.
this is the type of SAE where the owner organizes, operates, and holds responsibility for all financial risk
a)
exploratory
b)
supplementary
c)
entrepreneurship
d)
placement
4.
this type of SAE can be done in less than a day or in a couple of hours
a)
exploratory
b)
improvement
c)
placement
d)
supplementary
5.
this is the name of items you have paid in full and you own
a)
assets
b)
liabilities
c)
equity
d)
net worth
6.
debts that are not due this year are called what?
a)
current liabilities
b)
non current liabilities
c)
current assets
d)
non current assets
7.
when keeping your records it is always important to record what you are producing, your income, and your expenses with this type of SAE
a)
supplementary
b)
exploratory
c)
placement
d)
entreprenuership
entreprenuership
8.
items that you own that have a useful life for more than one year are considered what
a)
current liabilities
b)
non current liabilities
c)
current assets
d)
non current assets
9.
if you are asked to sign a work agreement that has been signed by your agriculture teacher and parents then you are performing this type of SAE
a)
supplementary
b)
placement
c)
improvement
d)
exploratory
10.
this is a list of items that you have on one hand at any type of retail store
a)
equity
b)
inventory
c)
interest
d)
debts
100 %
