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FSE2202 FUNERAL HOME MANAGEMENT EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED $9.99   Add to cart

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FSE2202 FUNERAL HOME MANAGEMENT EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED

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FSE2202 FUNERAL HOME MANAGEMENT EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED Business Plan (New Venture Plan) A written description of a new idea that projects marketing, operational, and financial aspects of a proposed business. Consumerism The emphasis placed on providing to cu...

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  • November 14, 2024
  • 18
  • 2024/2025
  • Exam (elaborations)
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FSE2202 FUNERAL HOME MANAGEMENT EXAM QUESTIONS

AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED

Business Plan (New Venture Plan)

A written description of a new idea that projects marketing, operational, and financial

aspects of a proposed business.

Consumerism

The emphasis placed on providing to customers products and services that are safe,

reliable, and honestly advertised; also, a social movement that seeks to strengthen the

rights of consumers relative to sellers.

Copyright

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.

Advisory Board

The business governance board which helps make major decisions for the funeral

home, but does not deal with the daily operations.

Angels AKA Business Angels

Private investors who are willing to supply financing for new and/or risky small venture

start-ups.

Articles of Partnership

A written document that states explicitly the rights and duties of partners in a

partnership.

,Artisan Entrepreneur

A person who starts a business with primarily technical skills and little business

knowledge.

Board Of Directors

The governing body that is elected by the stockholders of a corporation.

Book Value

The cost of a fixed asset less accumulated depreciation.

Limited Partner

Can only lose the amount of money they invested in a partnership.

Business

An organization that combines inputs of raw materials, capital, labor, and management

skills to produce useful outputs of goods and services so as to earn a profit.

Capital

The amount by which the total assets exceed the total liabilities of a business; an

owner's financial interest in a business.

Conflicted familial pattern

The family pattern in which the family members work against one another instead of

together.

Corporate Refugees

Those individuals who flee the bureaucratic environment of big business by going into

business for themselves.

Corporation

, An artificial being, invisible, intangible, and existing only in contemplation of law; an

entity that is something that has a distinct existence separate and apart from the

existence of its individual members.

Corporation Charter

The written application for permission to incorporate that is approved by a state official.

Debt Equity (Debt Capital, Borrowed Capital)

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

creditors.

Entrepreneur

One who organizes, manages, and assumes the risk of a business firm or venture.

Equity capital (Personal capital)

Capital that is invested in the business by the owner(s).

Founder

An entrepreneur who brings a new firm into existence.

Franchisee

An entrepreneur whose power is limited by a contractual relationship with a franchising

organization.

General Manager

An entrepreneur who functions as an administrator of a business.

General Partner

A partner in a limited partnership who has unlimited personal liability. A partner of a

partnership who is personally liable for the debts of the business

Goodwill

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