ANS II: SAE/FFA/Finances

Question 1

Current liabilities mean debts that are due:

Accepted Answer

This year

Question 2

If you are asked to complete a net worth statement, the loaner is trying to determine your:

Accepted Answer

Equity

Question 3

A simple majority requires 1 member more than _______ the vote cast for the motion

Accepted Answer

1/2

Question 4

A motion that will limit the rights of a member requires a ________ vote?

Accepted Answer

2/3

Question 5

What are assets?

Accepted Answer

Cash/land value

Question 6

If Fred believes a parliamentary error was made, then he should:

Accepted Answer

Rise to a point of order

Question 7

What type of SAE requires ownership or part-ownership in a business?

Accepted Answer

Entrepreneurship

Question 8

When voting and want anonymity, what type of vote would you use?

Accepted Answer

Paper ballot

Question 9

If the gavel is tapped 3 times, what should members do?

Accepted Answer

Stand

Question 10

Which motion would require a two-thirds vote?

Accepted Answer

Stop debate

Question 11

Which is the HIGHEST ranking motion?

Accepted Answer

Adjourn

Questions 11