SMALL BUSINESS MANAGEMENT -
FUNERAL SERVICE EXAM QUESTIONS
AND ANSWERS. VERIFIED 2025/2026.
Age Discrimination in Employment Act - ANS federal legislation that requires employer to
treat applicants and employees equally regardless of age
Americans with Disabilities Act (ADA) - ANS legislation that guarantees disabled people equal
access to employment, as well as access to public places
Angels - ANS private investors who are willing to supply financing for new and/or risky small
venture start-ups
Bona fide occupational qualification (BFOQ) - ANS a qualification that is absolutely necessary
for the job; it is an allowed and approved reason for discrimination
Break-even analysis - ANS the point at which total sales revenue equals total operating costs;
determined by formula or chart
Business - ANS 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
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
, Business interruption insurance - ANS insurance that protects companies during the period
necessary to restore property damaged by an insured peril.
business plan (new venture plan) - ANS a written description of a new idea that projects
marketing, operational, and financial aspects of a proposed business.
Business policies - ANS fundamental statements that serve as guides to management practice
Cash discount - ANS a deduction allowed by the seller of goods or by the provider of services
in order to motivate the customer to pay within a specified time.
casualty insurance - ANS insurance that provides monetary benefits to a business that has
experienced an unforeseen peril, such as flood, fire, and the like
Census of Business - ANS source of market data that explains where certain businesses are
located
Census of Housing - ANS source of market data that keeps track of new home sales by region
and/or the construction of new houses by region and specific area
Census of Manufacturing - ANS source of market data that explains where certain
manufacturers are located
Census of Population - ANS a source of market data that compiles population statistics with
regard to distribution of population by region, area, etc.
Chamber of Commerce - ANS an association of business people who attempt to protect and
promote the commercial interest in a community
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
FUNERAL SERVICE EXAM QUESTIONS
AND ANSWERS. VERIFIED 2025/2026.
Age Discrimination in Employment Act - ANS federal legislation that requires employer to
treat applicants and employees equally regardless of age
Americans with Disabilities Act (ADA) - ANS legislation that guarantees disabled people equal
access to employment, as well as access to public places
Angels - ANS private investors who are willing to supply financing for new and/or risky small
venture start-ups
Bona fide occupational qualification (BFOQ) - ANS a qualification that is absolutely necessary
for the job; it is an allowed and approved reason for discrimination
Break-even analysis - ANS the point at which total sales revenue equals total operating costs;
determined by formula or chart
Business - ANS 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
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
, Business interruption insurance - ANS insurance that protects companies during the period
necessary to restore property damaged by an insured peril.
business plan (new venture plan) - ANS a written description of a new idea that projects
marketing, operational, and financial aspects of a proposed business.
Business policies - ANS fundamental statements that serve as guides to management practice
Cash discount - ANS a deduction allowed by the seller of goods or by the provider of services
in order to motivate the customer to pay within a specified time.
casualty insurance - ANS insurance that provides monetary benefits to a business that has
experienced an unforeseen peril, such as flood, fire, and the like
Census of Business - ANS source of market data that explains where certain businesses are
located
Census of Housing - ANS source of market data that keeps track of new home sales by region
and/or the construction of new houses by region and specific area
Census of Manufacturing - ANS source of market data that explains where certain
manufacturers are located
Census of Population - ANS a source of market data that compiles population statistics with
regard to distribution of population by region, area, etc.
Chamber of Commerce - ANS an association of business people who attempt to protect and
promote the commercial interest in a community
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
