Even Funerals Are Changing as a Result of Customers' Needs

question 43

Multiple Choice

Even funerals are changing as a result of customers' needs and wants.Some funeral companies are developing new products such as:

• A)less environmentally friendly coffins.
• B)less economical funeral cars.
• C)fewer cremation services.
• D)cardboard coffins.

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Definitions:

Outstanding Checks

Checks that have been issued by a company but have not yet been cashed or cleared by the bank.

Petty Cash

A small amount of cash on hand used for minor or incidental expenses within a business.

Normal Balance

The side (debit or credit) of an account that is expected to have a greater balance based on standard accounting practices.

Asset

Resources owned or controlled by a business or individual that are expected to produce economic value or future benefits.