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SAE and Finance Flashcards | StudBud
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SAE and Finance
SAE and Finance
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Answers
1
Which type of SAE requires a written training agreement signed by the parent teacher & employer
Placement
Exploratory
Improvement
Supplementary
2
What type of SAE is used to solve a problem that does NOT require the scientific process?
Analytical
Placement
Experimental
Improvement
3
What type of SAE has an entry under the "Review of Literature" heading?
Experimental
Placement
Entrepreneurship
Improvement
4
Computerizing the production records for your own business is an example of this type of SAE:
Experimental.
Supplementary activities.
Improvement activities.
Entrepreneurship.
5
What type of SAE makes students aware of possible careers in agriculture?
Analytical
Improvement
Exploratory
Placement
6
Which SAE Record heading should be used if you have an entrepreneurship type SAE?
Hypothesis
Type of enterprise
Review of literature
Training agreement
7
Inventory is a list of:
Things owned.
New employers.
Debts owed.
Telephone numbers.
8
Something of value that a person or business owns is:
An asset.
Debt.
Net worth.
A liability.
9
Jerrys Repairs Inc. has $200,000 total assets &$100,000 total liabilities What is the net worth
$200,000
$100,000
$300,000
$50,000
10
An item that loses value over time is:
A non-current asset
A current asset.
A current liability
Net worth.
11
Which type of SAE uses the scientific process to discover new knowledge?
Exploratory
Experimental
Entrepreneurship
Placement
12
Which type of SAE includes planning operating& assuming financial risks to operate a business?
Analytical
Supplementary
Placement
Entrepreneurship
13
An example of a placement Supervised Agricultural Experience is:
Observing a tractor mechanic at work.
Producing your own shrubs.
Working part-time at a small engine repair shop.
Building a fence for your own repair center.
14
Debts that a business owes are:
Net worth.
Assets.
Equity.
Liabilities.
15
Net worth is:
Total assets minus total liabilities.
Inventory plus depreciation
Total assets plus total liabilities.
Current assets minus current liabilities.
16
Equity is the same as:
Assets.
Net worth
Liabilities.
Depreciation.
17
The loss in value of buildings and machinery due to age, use, or change in market demands is:
Assets.
Profit.
Inventory.
Depreciation.
