Font size
WorksheetsIntro to Ag - Unit 2 - SAE/Foundations of Agribusiness
Total questions: 33
Worksheet time: 17mins
What do the letters S.A.E. stand for?
Supervised Agricultural Experience
Supportive Agricultural Education
Supervised Animal Experience
Supervised Agricultural Entrepreneurship
What is an SAE?
a class project which is always completed at school
planned, practical activities conducted outside of class time
activities that must only involve raising and showing livestock
planned activities that your parents are obligated to help with and pay for
What are some benefits of having an SAE? (Select all that apply)
make money
explore careers
win higher awards/degrees through FFA
receive a grade/credit toward graduation
gain job skills/training
What are the 4 types of SAEs?
Entrepreneurship, Internship, Leadership, Exploratory
Production, Livestock, Plants, Technology
Entrepreneurship, Placement, Research, Exploratory/Foundational
Production, Placement, Agriscience, Internship
An example of an Entrepreneurship SAE would be:
John raises laying hens and sells the eggs to his neighbors
Jill has a lawn mowing business in her community
Jeff raises a garden every summer, then uses the produce to can and feed his family through the winter
All of these are Entrepreneurship SAEs
An example of a Placement SAE is:
working for Tractor Supply daily after school and on weekends
raising and showing market lambs at the county fair
conducting a research project on the best type of fertilizer for tomatoes
planning a community service event for your FFA chapter
An example of a Research SAE is:
logging journal hours after riding/training your family's horse
working for the local florist
raising breeding goats
conducting an experiment to see which type of growing media for plants produces the most flower blooms
An Exploratory/Foundational SAE:
requires a small time investment from the student (short-term project)
requires little to no monetary ($) investment from the student
helps students explore the world of agriculture and potential careers
all of these are true of Exploratory SAEs
True or False: You have to live on a farm to conduct an SAE
True
False
True or False: You have to raise animals as part of your SAE
True
False
In the agricultural market, _________ is determined by either supply or demand.
products
beef
price
surplus
If the demand for a product increases, the prices of that product ___________.
rise
fall
If the supply of a product increases, the prices of that product ___________.
rise
fall
If the supply of a product increases, the prices of that product ___________.
rise
fall
When a market moves up & down adjusting the quantity of supply & the quantity of demand until they are equal is called the _______________ price
market
equilibrium
demand
value
The Law of Demand is the amount buyers are willing to spend or purchase.
True
False
What causes change in demand?
income
tastes
competing products
all of these can cause change in demand
What is the number 1 agriculture state in the US?
Alabama
West Virginia
California
Kansas
What is the top agricultural commodity in the US?
Beef
Dairy Products
Poultry
Corn
What is the top state for Beef Cattle production?
Oklahoma
Nebraska
Colorado
Texas
What is the top state for Dairy Production?
New York
Pennsylvania
California
Wisconson
What is the top corn producing state?
Iowa
Illinois
Indiana
Minnesota
Which person or component starts and ends the Ag Production cycle?
farmer
consumer
retailer
harvester
What is West Virginia's top agricultural product?
corn
eggs
beef
apples
What is Preston County's top agricultural commodity?
beef
corn
hay
buckwheat
About what percentage of your food dollars goes back to the farmer?
20%
35%
15%
30%
The term for "additional pay for a job done" is _______
collateral
commission
finance charge
gross income
Compensation after taxes and other deductions is called _____
wages
credit
net income
gross income
When creating a budget, a person should consider all their monthly expenses, then set priorities
True
False
In terms of marketing a product, what is a promotion?
a catchy phrase or jingle
letting people know about goods & services in a positive way that will make them want to buy
letting people know about goods & services, but not encouraging them to buy it
feedback via attendance, contributions, or purchases
An identifying symbol for a company or product is called a ___________
logo
picture
symbol
app
How does a business/sender know that their message/promotion was successful?
feedback (attendance, contributions, purchases)
shares on social media
cash sales only
advertisements
What is our chapter number on the AET website?
WV0023
WV0051
WV0076
WV0125
