WorksheetsAg Mech 1- 2.00 Review
Total questions: 15
Worksheet time: 8mins
Name
Class
Date
1.
Which type of Supervised Agricultural Experience uses the scientific process to discover new knowledge?
a)
Experimental
b)
Service Learning
c)
Entrepreneurship
d)
School-based Enterprise
2.
An example of a placement Supervised Agricultural Experience is:
a)
producing one's own shrubs.
b)
building a fence for one's own repair center.
c)
observing a tractor mechanic at work.
d)
working part-time at a small-engine repair shop.
3.
Which type of immersion Supervised Agricultural Experience would have a summary presentation showing test results for the strengths of different welds?
a)
Placement
b)
Experimental
c)
Entrepreneurship
d)
School-based Enterprise
4.
Which type of immersion Supervised Agricultural Experience might require reports and presentations presented to a board of directors?
a)
Invention
b)
Placement
c)
Experimental
d)
School-based Enterprise
5.
An example of an analytical Supervised Agricultural Experience is:
a)
working for a plumber.
b)
building garden sheds for homeowners.
c)
restoring a tractor with other FFA members at school.
d)
studying why different types of lighting systems are used in farm buildings.
6.
Which type of Supervised Agricultural Experience requires a written training agreement signed by the student, parent or guardian, teacher, and employer or supervisor?
a)
Entrepreneurship
b)
Service Learning
c)
Placement
d)
Analytical
7.
An example of a Service-Learning Immersion Supervised Agricultural Experience is:
a)
offering free marketing for a summer welding course at the community college.
b)
comparing and contrasting different styles of tillage equipment.
c)
running a custom fence-building and repair business.
d)
working for an irrigation service company.
8.
Debts that a business owes are:
a)
assets
b)
equity.
c)
liabilities
d)
net worth.
9.
Net worth is:
a)
current assets minus current liabilities.
b)
inventory plus depreciation.
c)
total assets minus total liabilities.
d)
total assets plus total liabilities.
10.
If a business has $10,000 cash on hand and $65,000 in the bank and machines and equipment worth $150,000. What line should $225,000 be written on?
a)
Total liabilities
b)
Current Assets
c)
Net Worth
d)
Total Assets
11.
If Johnny has $13,000 in his savings account, has $2,000 in his checking account, has the title to his truck worth $15,000, owns a boat worth $8,000 and has a four-wheeler that is worth $2,000, what amount should be listed under Johnny's assets?
a)
$13,000
b)
$15,000
c)
$40,000
d)
$10,000
12.
Sally has $20,000 in current assets and $17,000 in non-current assets. Sally has a monthly car payment of $400 a month and will owe $16,000 on her car after this year. She has a monthly mortgage payment of $1,400 and will still owes $192,000 on her home after this year. Assume it is October and Sally has not yet made her mortgage payment or her car payment for the month, what would you tell sally her current liabilities amount is?
a)
$5,400
b)
$400
c)
$213,400
d)
$1,800
13.
Sally has $20,000 in current assets and $17,000 in non-current assets. Sally has a monthly car payment of $400 a month and will owe $16,000 on her car after this year. She has a monthly mortgage payment of $1,400 and will still owes $192,000 on her home after this year. Assume it is October and Sally has not yet made her mortgage payment or her car payment for the month, what would you tell sally her total assets were?
a)
$5,400
b)
$246,000
c)
$37,000
d)
$-176,400
14.
Sally has $20,000 in current assets and $17,000 in non-current assets. Sally has a monthly car payment of $400 a month and will owe $16,000 on her car after this year. She has a monthly mortgage payment of $1,400 and will still owes $192,000 on her home after this year. Assume it is October and Sally has not yet made her mortgage payment or her car payment for the month, what would you tell sally her net worth would be?
a)
$37,000
b)
$-176,400
c)
$250,400
d)
$-37,000
15.
Sam has current assets valued at $68,000 and non-current assets valued at $180,000. Sam owes $6,000 in current liabilities and $83,000 in non-current liabilities. What is Sam's Net Worth?
a)
$159,000
b)
$248,000
c)
$89,000
d)
$-159,000
100 %
