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FFA SAE Careers

Total questions: 46

Worksheet time: 23mins

Name
Class
Date
1.

On a net worth statement, net worth is the same as:

a)

Current assets

b)

Equity

c)

Inventory

d)

Total liabilities

2.

If a business has $10,000 cash on hand, $25,000 in a checking account, and land valued at $300,000, on which line of a financial statement should the $335,000 total be entered?

a)

current assets

b)

net worth

c)

total assets

d)

total liabilities

3.

If a swine producer has a $500,000 mortgage on his land and buildings, and he owes Farm Credit Service $60,000 for this year’s mortgage payment, what amount should be entered on the current liability line of the financial statement?

a)

60,000

b)

440,000

c)

500,000

d)

560,000

4.

After a student has evaluated his/her own interests and has narrowed the field of jobs, then the student should:

a)

apply for a job.

b)

complete a job application.

c)

go for a job interview.

d)

study the requirements of the job.

5.

Considering one's interests, abilities, and other personal characteristics is the first step in developing a:

a)

career plan.

b)

job application.

c)

job interview.

d)

résumé.

6.

On a financial statement, items that can be quickly converted to cash or that will be sold within 12 months are:

a)

current assets

b)

current liabilities.

c)

equity.

d)

net worth.

7.

For a school-to-work employment plan to help a student, the plan must be:

a)

complex

b)

implemented

c)

signed by the principal

d)

simple

8.

On a financial statement net worth is:

a)

current assets minus current liabilities.

b)

current liabilities plus current assets.

c)

total assets minus total liabilities.

d)

total assets plus total liabilities.

9.

The part of a net worth statement that shows all debts is:

a)

current liabilities.

b)

debt-to-equity ratio.

c)

inventory.

d)

total liabilities.

10.

The type of SAE that requires planning, implementing, operating, and assuming financial risk is:

a)

entrepreneurship.

b)

placement.

c)

improvement.

d)

experimental.

11.

One major reason for early career planning is to:

a)

be in classes with your friends

b)

get early release from school

c)

take easy high school courses

d)

take the right high school courses

12.

If a beef cattle producer has a $250,000 mortgage on his farm, and he owes Farm Credit Service $30,000 for this year’s payment, what amount should be entered on the noncurrent liability line of the financial statement?

a)

$30,000

b)

$220,000

c)

$250,000

d)

$280,000

13.

The type of SAE that involves exploring careers through short times spent observing, shadowing, or helping is:

a)

entrepreneurship.

b)

placement.

c)

improvement.

d)

exploratory.

14.

If a poultry farm has total assets of $500,000 and total liabilities of $300,000, what number would be the correct entry on the net worth line of a financial statement?

a)

$200,000

b)

$300,000

c)

$500,000

d)

$800,000

15.

If a beef farmer’s inventory shows 100 cattle worth $400 each, medicine and supplies worth $1,000, and land valued at $200,000, what amount should be entered on the nondepreciable inventory line of the financial statement?

a)

$400.00

b)

$41,000.00

c)

$200,000.00

d)

$241,000.00

16.

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

a)

current assets

b)

current liabilities

c)

noncurrent assets

d)

noncurrent liabilites

17.

Some students have jobs outside of regular classroom hours that may be paid or unpaid, such as working at a farm supply store. Which type of Immersion SAE may these students be participating in?

a)

Analytical

b)

Entrepreneurship

c)

Improvement

d)

Placement

18.

In what type of SAE project does one plan, implement, operate, and assume the financial risk in an agricultural activity?

a)

Entreprenuership

b)

Experimental

c)

Improvement

d)

Placement

19.

Which type of Immersion SAE would use a local stakeholder committee's minutes as a form of documentation?

a)

Invention

b)

Placement

c)

Service Learning

d)

Entrepreneurship

20.

As part of which area of a Foundational SAE may students develop a list of tools commonly used by an electrician and the possible injuries caused by using them?

a)

Workplace Safety

b)

Agricultural Literacy

c)

Personal Financial Management

d)

Career Exploration and Planning

21.

For which part of his Foundational SAE would Daniel develop a list of 10 common occupational accidents and ways to avoid them?

a)

employability skills for college and career readiness

b)

career exploration and planning

c)

personal financial planning

d)

workplace safety

22.

Karen is building raised beds at an elementary school for a service learning project. A form of documentation she can use as part of this project would include a:

a)

labor resources assessment for operation.

b)

research plan.

c)

business plan.

d)

reflection.

23.

In which part of a Foundational SAE would students learn how to budget using a credit line appropriately?

a)

career exploration and planning

b)

personal financial planning

c)

agricultural literacy

d)

workplace safety

24.

If a small-engine shop owner has a $250,000 mortgage and owes Farm Credit Service $30,000 for this year’s payment, what amount should be entered on the noncurrent liability line of the financial statement?

a)

$30,000

b)

$220,000

c)

$250,000

d)

$280,000

25.

If Becky has a $500,000 mortgage on her land and buildings, and she owes Farm Credit Service $60,000 for this year’s mortgage payment, what amount should be entered on the current liability line of the financial statement?

a)

$60,000

b)

$440,000

c)

$500,000

d)

$560,000

26.

If a welding shop has total assets of $500,000 and total liabilities of $300,000, what amount would be the correct entry on the net worth line of a financial statement?

a)

$200,000

b)

$300,000

c)

$500,000

d)

$800,000

27.

If a business has $10,000 cash on hand, $25,000 in a checking account, and land valued at $300,000, on which line of a financial statement should the $335,000 total be entered?

a)

net worth

b)

total assets

c)

total liabilities

d)

current assets

28.

If a tractor dealer’s inventory shows supplies worth $41,000 and land valued at $200,000, what amount should be entered on the nondepreciable inventory line of the financial statement?

a)

$400

b)

$41,000

c)

$200,000

d)

$241,000

29.

A financial statement lists mortgages due after the current year as:

a)

current assets.

b)

current liabilities.

c)

. noncurrent assets.

d)

noncurrent liabilities.

30.

The part of a net worth statement that shows all debts is:

a)

current liabilities.

b)

debt-to-equity ratio.

c)

inventory.

d)

total liabilities.

31.

On a net worth statement, net worth is the same as:

a)

current assets.

b)

equity.

c)

inventory.

d)

total liabilities.

32.

On a financial statement, items that can be quickly converted to cash or that will be sold within 12 months are:

a)

current assets.

b)

current liabilities.

c)

equity.

d)

net worth.

33.

On a financial statement, net worth is:

a)

current assets minus current liabilities.

b)

current liabilities plus current assets.

c)

total assets minus total liabilities.

d)

total assets plus total liabilities.

34.

If a member wants a small group of members to gather more information about a main motion before a vote is taken, the members, during debate on the motion, would move to:

a)

amend the motion

b)

lay the motion on the table

c)

reconsider the motion.

d)

refer to a committee.

35.

The leadership quality that causes animal science workers to be willing to proceed under difficult conditions is:

a)

courage

b)

integrity

c)

public speaking

d)

tact.

36.

Various numbers of taps of the gavel have different meanings, but overall the gavel is the symbol of:

a)

authority

b)

FFA

c)

voting

d)

weakness

37.

Voice, rising, secret ballot, and roll call are the four common methods of:

a)

debating motions

b)

introducing motions

c)

referring motions

d)

voting

38.

If a member believes that a parliamentary error has been made, the member should:

a)

call for a division of the assembly

b)

move to adjourn the meeting

c)

move to suspend the rules

d)

rise to a point of order

39.

Voice, stage presence, power of expression, response to questions, and general effect are factors used to evaluate the:

a)

audience

b)

judges

c)

oral delivery

d)

written speech

40.

A beef cattle farmer using people, resources, and processes to reach a goal is

a)

managing

b)

owning

c)

planning

d)

selling

41.

The purpose of a speech that gives knowledge or information to the audience is to:

a)

entertain.

b)

express anger

c)

inform

d)

persuade

42.

The leadership quality that means reliable support for an individual, group, or cause is:

a)

enthusiasm

b)

loyalty

c)

tact

d)

unselfishness.

43.

Placing the desires and welfare of others above oneself is a leadership quality called:

a)

enthusiasm.

b)

parliamentary procedure.

c)

tact

d)

unselfishness

44.

Content and composition of the speech are determined:

a)

after the speech is given.

b)

before the speech is given.

c)

during the questioning time.

d)

During the oral speech.

45.

To assure that all sides of an issue are treated fairly and that everyone has an opportunity to discuss and vote is known as:

a)

parliamentary law

b)

quorum

c)

simple majority.

d)

secret ballot.

46.

A speech about Hereford cattle given at the annual meeting of purebred Angus cattle breeders would be inappropriate because of the:

a)

audience.

b)

length of the speech.

c)

location.

d)

speaker.