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48 Cards in this Set
- Front
- Back
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Define child labor
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individuals under the age of 18 working in return for payment
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How is agricultural labor exempt to most child labor legislation
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Work by family members
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Explain the FLSA
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federal legislation that addresses minimum wages for workers
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Are farm laborers covered by minimum wage legislation? Why or why not
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Those people not covered include workers who are employed by farmers using 500 or fewer worker-days of labor during each quarter of the year(paid on piece-rate basis)
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What is meant by the term “piece rate basis”
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being paid based on the number of items produced
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What is the Occupational Safety and Health Act, and what does it cover
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provides for standards intended to reduce work-related injuries and requires employers to furnish a workplace free of recognized hazards
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Explain the MSPA and what it covers
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Sets forth minimum requirements for employers using migrant laborers
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Explain the IRCA and what it’s purpose was
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attempted to balance the need for foreign workers in certain areas of agriculture with increased control over illegal immigration
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Define the term “tax”
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required payment imposed on items (income, property, or purchases) and paid to a local, state, or federal government entity
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Where does most federal tax revenue come from? State? Local
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Income taxes, income taxes, property taxes
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What are income tax rates based on
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high-income earners pay a higher income tax rate than low-income earners
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Where does the money from the FICA tax go
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Social Security and Medicare
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What is a property tax
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a tax levied on real estate, which includes land and permanent improvements made to land (buildings)
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Where does most of the revenue from property taxes go
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to offer valuable local services, such as the maintenance of roads and streets, police and fire protection, and public education
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What is a sales tax, and what is a typical sales tax rate
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is a tax levied by a state, county, and/or city on the price of goods or services purchased by consumers (3,5 to 7,25)
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Explain what an excise tax is
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is a tax imposed on the purchase of certain goods, such as gasoline, alcohol, and tobacco
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What is an estate tax, and which portion of the population is impacted by it
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is a tax on your right to transfer property at your death/ 2%
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When do citizens typically have to pay a capital gains tax
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on profits from the sale of a capital asset (a house, land, machinery, equipment, stocks, and bonds)
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What is a tariff and how does it impact trade
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a federal tax imposed on imported goods Costs more to trade
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Which federal agency is in charge of collecting and enforcing tax policy
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IRS (internal revenue system)
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What are the differences between a progressive tax and a regressive tax
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A progressive tax is a tax that imposes a higher tax rate as the taxable amount increases/ A regressive tax is the opposite of a progressive tax; it imposes a lower tax rate as the taxable amount increases
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What are the differences between a direct tax and an indirect tax
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A direct tax is a tax that people pay straight to the government / An indirect tax is a tax that people do not pay directly, but it is passed on to them through higher prices (on items purchased) due to taxes on businesses
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United States Department of Agriculture
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provide leadership on food, agriculture, natural resources, and related issues based on sound public policy, the best available science, and efficient management
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Agricultural Marketing Services
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facilitates the strategic marketing of agricultural products in domestic and international markets while ensuring fair trading practices and promoting a competitive and efficient marketplace
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Agricultural Research Service
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the USDA’s principal in house research agency
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Animal and Plant Health Inspection Service
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provides leadership in ensuring the health and care of animals and plants
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Center for Nutrition Policy and Promotion
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works to improve the health and well-being of Americans by developing and promoting dietary guidance that links scientific research to the nutrition needs of consumers
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Cooperative State, Research, and Extension Service
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In partnership with land-grant universities and other public and private organizations, CSREES provides the focus to advance a global system of extramural research, extension, and higher education in the food and agricultural sciences
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Economic Research Service
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the USDA’s principal social science research agency
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Farm Service Agency
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FSA implements agricultural policy, administers credit and loan programs, and manages conservation, commodity, disaster, and farm marketing programs through a national network of offices
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Food and Nutrition Service
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FNS increases food security and reduces hunger in partnership with cooperating organizations by providing children and low-income people access to food, a healthy diet, and nutrition education in a manner that supports American agriculture and inspires public confidence
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Food Safety and Inspection Service
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FSIS enhances public health and well-being by protecting the public from food-borne illness and ensuring that the nation’s meat, poultry, and egg products are safe, wholesome, and correctly packaged
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Foreign Agricultural Service
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FAS works to improve foreign market access for US products
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Forest Service
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FS sustains the health, diversity, and productivity of the nation’s forests and grasslands to meet the needs of present and future generations
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Grain Inspection, Packers, and Stockyard Administration
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GIPSA facilitates the marketing of livestock, poultry, meat, cereals, oilseeds, and related agricultural products
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National Agricultural Library
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NAL ensures and enhances access to agricultural information for a better quality of life
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National Agricultural Statistics Service
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NASS serves the basic agricultural and rural data needs of the country by providing objective, important, and accurate statistical information and services to farmers, ranchers, agribusinesses, and public officials
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National Resource Conservation Service
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NRCS provides leadership in a partnership effort to help people conserve, maintain, and improve our natural resources and our environment
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Risk Management Agency
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RMA helps ensure that farmers have the financial tools necessary to manage their agricultural risks
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Rural Development
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RD helps rural areas develop and grow by offering federal assistance that improves quality of life
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Define the term “E-Commerce”
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is the buying and selling of products and services and the transfer of money through digital platforms
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Why has E-Commerce become so popular in recent years
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It is easier to buy things online
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What percentage of Americans have internet access
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What percentage of the world’s population 74%/ 24%
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What are the benefits of E-Commerce
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The ability to run a business all day long, everyday, in every corner of the world, The ability to keep overhead costs lower than in a traditional retail environment because there is no need for human interaction in the online ordering process, resulting in a higher profit for the company, A decrease in order processing errors, The increased speed of placing an order for the customer, The increased product options for customers, The ability to make a niche market (one that serves a specific market segment with custom-made products or services) viable with the large reach the Internet provides, The ability to change prices on products as needed
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What are the limitations of E-Commerce
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The cost to put the necessary technology in place for an E-commerce business to operate smoothly, The constant evolution of Internet software (any computer program or procedure that performs a specific task for a computer user, such as Internet Explorer® and Microsoft® Word), Customers’ fears about sending personal and payment information over the Internet, The customer’s inability to touch and test the product being viewed online
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What is meant by the term “niche market”
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one that serves a specific market segment with custom-made products or services
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Why is navigation so important in maintaining a good E-Commerce website
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If the navigation system is not easy to use, viewers will leave the Web site quickly
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How can a company’s website contribute to building its brand
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If the website looks bad, then the company looks bad If the website is nice and easy to use the company looks good
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