National Board Of Examination (NBE) Arts Practice Exam

How long must a funeral home retain a copy of the General Price List?

1. 1 year after its discontinued use

2. 2 years after the effective date on the General Price List

3. As long as the funeral home continues to use and issue the list

4. As long as the funeral home deems reasonable without creating undue financial burden

The correct answer is: 1 year after its discontinued use

A funeral home is required to retain a copy of the General Price List for a period of time to ensure compliance with regulatory standards and to provide transparency to consumers. The correct retention period aligns with regulations established by the Federal Trade Commission (FTC), which mandates that funeral homes must keep the General Price List for a minimum of one year after its discontinued use. This ensures that there is a record available if needed for consumer protection or auditing purposes. This retention ensures that consumers have access to past pricing information should any disputes arise regarding services rendered. The significance of this requirement lies in maintaining a standard of transparency and trust between funeral service providers and consumers, fundamental principles in the industry. Options outlining a longer retention period or more subjective criteria for retention do not align with the explicit regulatory requirements established by the FTC, which are designed to ensure uniformity across funeral service practices. It is essential that funeral homes adhere to established guidelines to maintain compliance and foster consumer trust.