Marketing/Management/Casket Parts #2

As per the FTC Funeral Rule the funeral director must present the family a list of the available types of caskets along with their prices. This list is referred to as the:

Casket Price List

A source of market data that compiles population statistics with regard to distribution of population by region, area, etc.:

Census of Population

This type of casket is made from a base material which can be as simple as corrugated fiberboard or pressed wood which is covered with a layer of cloth:

Cloth Covered

A type of credit granted by retailers that is used by individuals or families to purchase products from those retailers is:

Consumer Credit

Any borrowed or loaned capital invested in the business that must be repaid to creditors:

Debt Equity

A business valuation approach which centers on estimating the amount of potential income that may be produced by the business in the next year:

Earnings Value Approach

The grouping of 3 or 4 caskets used to educate the selecting clientele in casket construction is

Educational grouping

Wood that has been shredded into spaghetti like strings or thin shavings is

Excelsior

A cost that for a given period of time and range of activity called the relevant range, does not change in total, but becomes progressively smaller on a per unit as volume increases:

Fixed Expense

A price determination method whereby the casket cost is multiplied by a constant factor describes

Fixed Multiple Pricing

A method of pricing which places a price on three separate items of service such as a casket, facilities and automobiles is called ____________ pricing

Functional

The thickness of a ferrous metal casket is measured in

Gauge

Federal legislation requiring employers to check job applicants• papers to be sure they are either U.S. citizens or aliens authorized to work in the U.S.:

Immigration Reform and Control Act

Those assets that cannot be touched or grasped :

Intangible Assets

Tailored is a style of casket:

Interior

A pricing procedure which places a price on each and every item of service and merchandise is referred to as which one of the following methods:

Itemization

A document that lists the major responsibilities and tasks of the job:

Job Description

Velvet is a type of casket

Lining Material

In the construction of swing bar hardware, the arm attaches the bar to the

Lug

A reduction of selling price below the original selling price:

Markdown

The achieving of economical, orderly, and adequate distribution of products and services is

Marketing Management

An example of backing material used in casket construction is

Masselin

A business that purchases finished goods for resale:

Merchandising Business

This type of casket may be made of Copper, Bronze, Stainless Steel or Ferrous Steel of 18 to 20 gauge:

Metal

A line of credit that may be used over and over again up to a certain borrowing limit:

Open-end Credit (revolving account)

The thickness of a non-ferrous metal casket is expressed in terms of:

Ounces per square foot

Expenses incurred in the normal operation of a business:

Overhead

The obtaining and maintaining of a satisfactory and satisfied workforce is

Personnel Management

Factors that influence prices:

Pricing Policy

Insurance that protects a firm against claims that its product caused bodily injury or property damage to the user.

Product Liability Insurance

Written summary of one's personal, educational, and professional achievements:

Resume

The principal government agency concerned with the financing, operation, and management of small businesses:

SBA

An intangible asset that is a distinct name, sign, or symbol that the federal government grants exclusive rights to use for a specified period of time:

Trademark

A container for the cremated remains of a deceased human being is called a/n:

Urn

Insurance that provides monetary benefits to a business that has experienced an unforeseen peril, such as flood, fire, etc.:

casualty insurance

The registered right of a creator to reproduce, publish, and sell the work which is the product of the intelligence and skill of that person:

copyright

A type of casket interior style in which the casket material is drawn together, in parallel fashion, with a specific sewing process is

shirred

A galvanized finish is applied to

steel burial vaults for protection

If a casket cost $2,000.00 wholesale and was sold for a total package of $7,000.00, and the average overhead per funeral was $3,500.00, what would the gross profit be?

$1,500

The total overhead for a funeral home was $65,000 for a fiscal period. The firm did 100 services during that period. What would the average overhead per service be?

$650

If a manufacturer's standard metal casket is 23 inches wide, how wide is a oversize casket labeled as 23 XXX?

29 inches

There are at the least _____________ different types of caskets depending on the material from which they are made.

3

Which of the following weights are commonly used in the construction of copper caskets? 16 oz 18 oz 32 oz 48 oz

32 oz and 48 oz

Directing is also know as:

Actuating

A burial vault which is closed by placing the dome over the base is called a(n):

Air Seal

According to the Casket Manufactures Association there are different types of caskets. Which of the following fall into any of the those categories? 1 - cloth covered 2- veneer 3 - eco-friendly 4- metal 5- hardwood

All of the above

A printed form the funeral home uses specifically for the funeral director and the family to make funeral and financial arrangement is the

Arrangement Form

The sum of a group of sales figures divided by the number of units is known as the

Average Sale

Masselin is a casket

Backing material

A written description of a new idea that projects marketing, operational, and financial aspects of a proposed business:

Business Plan