Merchandising Quiz 4 Review

Which is a disadvantage of extending credit?

A business plan explains how your product or service

Assests appraisable by value, sight, ortouch are:

Which of the following is a man-made disaster?

The statistical study of populations size and density, distribution, composition, and income is market analysis.

Self-insurance is one way to absorb risk.

Which is NOT an advantage of a sole propietorship?

The point at which total sales revenue equals total costs.

LLC stands for:

A corporation has the benefit of continuity of existence.

Which is not a primary objective of funeral home managers?

Where are bodies taken after a disaster?

Based on the DMORT model, most states have morgue units & equipment that can last them how long before resupplying?

Which of the following is an advantage of a partnership?

How is a business' EQUITY (value of a business) calculated?

The amount a business makes after subtracting expenses is called

A small business is dominant in its field of operations.

DMORT stands for Disaster Mortuary Operational Response Team

A 2% discount if paid 10 days from date of invoice &net amount due within 30 days of date of invoice is written as:

Hourly wages are a fixed expense.

A man-made disaster is ...

Which of these agencies help small business owners develop business plans and obtain financing?

Which is NOT a functions of Funeral ServiceManagement?

What is a natural disaster?

Turnover is the separation of an employee from an establishment eithervoluntary or involuntary.

Orientation and onboarding are the same thing.

A cost that does not change in total for a given period of time is a:

An organization that combines raw material, capital,labor, and management skills to produce outputs of goods/services

The process of making the public aware of the products and servicesoffered by an organization is:

What do you call a business' debts (money that they owe to others)?

Assigning certain staff members certain jobs is a part of what management skill?

Any activity a funeral home engages in to create publicawareness, generate new business,or retain present business:

The operating expenses of a business are called:

The act of motivating people towards theachievement of a goal or goals is the general definition of:

In 1964, this law ended segregation in public places and banned employment discrimination on the basis of race.

What is the biggest failure when disaster strikes?