FSE 221 Final Review

Front

Which is a variable cost? Options: Rent, Salaries, Debt, Utilities

Back

Utilities

Front

Which is a capital improvement? Options: Addition of a temporary structure, Upgrading an existing permanent structure, Improving cash flow standing, Increasing the amount of financial investors

Back

Upgrading an existing permanent structure

Front

Which government act sets the minimum wage? Options: Fair Labor Standard Act, Rehabilitation Act, Americans with Disabilities Act, The Patriot Act

Back

Fair Labor Standard Act

Front

What do Red Flag Regulations make a funeral home do?

Back

Provide printed identity theft protection to consumers

Front

What are investors in Limited Liability Companies called?

Back

Members

Front

What is a risk management method in which a calculated amount of money is set aside to compensate for a future loss?

Back

Self Insurance

Front

A funeral home performs which kind of activity? Options: Manufacturing, Merchandising, Service, Service & Merchandising

Back

Service & Merchandising

Front

If Ferrin FH purchases OBCs from Sessions Vault Co what benefit is the FH making to the economy? Options: Interdependence, Innovation, Competition, None of the above

Back

Interdependence

Front

What is not an advantage of a sole proprietorship? Low cost of organization, Unlimited liability, Ease of starting, Freedom to manage

Back

Unlimited liability

Front

Rolling stock is in which type of risk category? Options: Personnel, Property, Market, Customer

Back

Property