WorksheetsFSE 221 Final Review
Total questions: 20
Worksheet time: 7mins
Name
Class
Date
1.
Which is a variable cost?
a)
Rent
b)
Salaries
c)
Debt
d)
Utilities
2.
Which is a capital improvement?
a)
Addition of a temporary structure
b)
Upgrading an existing permanent structure
c)
Improving cash flow standing
d)
Increasing the amount of financial investors
3.
Which government act sets the minimum wage?
a)
Fair Labor Standard Act
b)
Rehabilitation Act
c)
Americans with Disabilities Act
d)
The Patriot Act
4.
What do Red Flag Regulations make a funeral home do?
a)
Provide protection by clear disclosure for consumers
b)
Provide protection to consumers by regulating credit collections
c)
Provide printed identity theft protection to consumers
d)
Provide protection to employees with written biohazard procedures
5.
What are investors in Limited Liability Companies called?
a)
Stockholders
b)
Constituents
c)
Fellows
d)
Members
6.
What is a risk management method in which a calculated amount of money is set aside to compensate for a future loss?
a)
Double Indemnity Insurance
b)
Premier Insurance
c)
Self Insurance
d)
None of the above
7.
A funeral home performs which kind of activity?
a)
Manufacturing
b)
Merchandising
c)
Service
d)
Service & Merchandising
8.
If Ferrin FH purchases OBCs from Sessions Vault Co what benefit is the FH making to the economy?
a)
Interdependence
b)
Innovation
c)
Competition
d)
None of the above
9.
What is not an advantage of a sole propietorship?
a)
Low cost of organization
b)
Unlimited liability
c)
Ease of starting
d)
Freedom to manage
10.
Rolling stock is in which type of risk category?
a)
Personnel
b)
Property
c)
Market
d)
Customer
11.
Reference checks should be completed...
a)
Both before and after the interview
b)
By the administrative staff
c)
Never
d)
After a signed release is obtained
12.
Which is an advantage of using specialty advertising products?
a)
Limited to active shoppers
b)
Personalized with lots of versatility
c)
Dominating size
d)
Covers a wide market
13.
What is the most effective informal method of advertising?
a)
Television
b)
Newspaper
c)
Word of mouth
d)
None of the above
14.
What is the most effective form of employment advertising?
a)
Newspaper
b)
Word of mouth
c)
Trade magazine
d)
None of the above
15.
Which is one of the primary objectives of Funeral Service management?
a)
Fulfilling the needs of the client and the community
b)
Meeting expenses
c)
Making capital improvements
d)
Providing a return on investment
16.
DMORT stands for:
a)
Direct Mortuary Organizational Relief Team
b)
Disaster Mortuary Operational Response Team
c)
Disaster Mortuary Organized Reinforcement Team
d)
Disaster Mortuary Ordinance Rescue Team
17.
An unforeseen combination of circumstances that result in a need for immediate action.
a)
Disaster
b)
Emergency
18.
Which is the most important thing to remember about using E-mail?
a)
Only use it for personal business
b)
Only use it in limited amounts
c)
Never send attachments
d)
Always be professional
19.
Which is the PRIMARY purpose of a computer for a business?
a)
Access the internet
b)
Monitor payroll and cash distribution
c)
Access e-mail
d)
Enhance productivity
20.
Which is the first record of a business transaction?
a)
Chart of accounts
b)
General ledger
c)
Source document
d)
General journal
100 %
