Which of the Following Statements Is True Regarding the Itemization

question 59

Multiple Choice

Which of the following statements is true regarding the itemization of funeral costs?

• A)In 1984 the Federal Trade Commission mandated that all American funeral homes itemize their fees.
• B)With itemization of funeral costs, it is possible to make accurate comparisons of price and quality over the phone.
• C)The FTC rule regarding itemization of funeral expenses uniformly resulted in decreasing funeral expenses to families in the United States.
• D)all of the above

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Definitions:

Program Service Expenses

Costs directly incurred in carrying out the operational activities aligned with the mission of a non-profit or governmental organization.

Supporting Service Expenses

Costs incurred by a business or organization for activities that aid the operation but do not directly contribute to the main business activity.

Not-for-Profit Entity

An organization that operates for charitable, educational, cultural, religious, or other purposes serving the public interest, where profitability is not the primary goal.

Supporting Services Expenses

Costs incurred for activities that assist the core operations of a business but do not directly contribute to production.