# CTE Resource Center - Verso - Agricultural Business Operations II Related The National Council for Agricultural Education: Agriculture, Food and Natural Resources Content Standards

CTE Resource Center - Verso

Virginia’s CTE Resource Center

Related The National Council for Agricultural Education: Agriculture, Food and Natural Resources Content Standards

The National Council for Agricultural Education: Agriculture, Food and Natural Resources Content Standards

ABS.01.01. Apply micro- and macroeconomic principles to plan and manage inputs and outputs in an AFNR business.

 

ABS.01.04. Evaluate, develop, and implement procedures used to recruit, train, and retain productive human resources for AFNR businesses.

 

ABS.02.01. Apply fundamental accounting principles, systems, tools, and applicable laws and regulations to record, track, and audit AFNR business transactions (e.g., accounts, debits, credits, assets, liabilities, equity, etc.).

 

ABS.02.02. Assemble, interpret, and analyze financial information and reports to monitor AFNR business performance and support decision-making (e.g., income statements, balance sheets, cash-flow analysis, inventory reports, break-even analysis, return on investment, taxes, etc.).

 

ABS.03.02. Analyze credit needs and manage credit budgets to achieve AFNR business goals.

 

ABS.04.01. Analyze characteristics and planning requirements associated with developing business plans for different types of AFNR businesses.

 

ABS.04.02. Develop production and operational plans for an AFNR business.

 

ABS.04.03. Identify and apply strategies to manage or mitigate risk.

 

ABS.05.01. Analyze the role of markets, trade, competition, and price in relation to an AFNR business sales and marketing plans.

 

ABS.05.02. Assess and apply sales principles and skills to accomplish AFNR business objectives.

 

ABS.05.03. Assess marketing principles and develop marketing plans to accomplish AFNR business objectives.