WITH COMPLETE QUESTIONS WITH
ANSWERS.GRADED A+//VERIFIED//
What is the FTC?
The Federal Trade Commission, a US government agency created in 1914
to regulate business practices.
How many commissioners does the FTC consist of?
Five commissioners appointed by the US President for a seven-year term.
What is the primary purpose of the FTC?
To maintain free and fair competition in U.S. business and prevent anti-
competitive practices.
Name one act administered by the FTC.
The Funeral Service Trade Regulation Rule.
What significant amendment was made to the FTC's responsibilities in
1938?
The Wheeler-Lea Amendment, which added the investigation of unfair or
deceptive acts in commerce.
What year did the FTC begin reviewing funeral service practices?
1972.
What does the FTC Funeral Rule regulate?
It regulates the practices of funeral providers regarding pricing and
services.
What must funeral providers offer to fall under the FTC Funeral Rule?
Both funerary goods and services.
What are funeral goods?
, Products sold directly to the public in connection with funeral services.
What should not be claimed about funeral goods?
That they will delay natural decomposition or have protective features
that are not true.
What are cash advance items?
Items for which the funeral home marks up the charge or receives a
commission that is not passed on to the consumer.
What must be included in pre-need price lists?
All required disclosures prescribed by The Rule.
What is the purpose of the FTC Funeral Rule?
To ensure transparency and prevent misrepresentation in funeral service
pricing.
What is the significance of the basic service fee?
It is the only fee that may be designated as non-declinable.
What is required for the transfer of remains to the funeral home?
It must be included in the GPL.
What does embalming involve?
Preparation of the body, which requires specific disclosures.
What are the facilities and staff services included in the GPL?
Viewing, funeral ceremony, memorial service, and graveside service.
What is the requirement for the distribution of GPL?
It must be offered for retention to consumers.
What is the role of the funeral director in GPL pricing?
To provide clear and itemized pricing for services and goods.
What must a Casket Price List include?