New Jersey Mortuary Science Practice Exam

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Study for the New Jersey Mortuary Science Test. Prepare with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

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How does a guaranteed price agreement ensure the purchaser?

  1. Provides a discount on future prices

  2. Secures the funeral goods and services at a set price

  3. Offers a contract that can be revoked

  4. Allows for price negotiations at the time of service

The correct answer is: Secures the funeral goods and services at a set price

A guaranteed price agreement ensures the purchaser by securing the funeral goods and services at a set price. This type of agreement allows individuals to pre-arrange their funeral services and lock in current prices, protecting them from future price increases that can occur due to inflation or rising costs in the funeral industry. By establishing a fixed rate for the goods and services included in the agreement, the purchaser has peace of mind knowing that the financial burden on their family will not change at the time of need, regardless of market fluctuations. This is particularly beneficial in the context of emotional and financial planning, as it alleviates one aspect of stress during a difficult time.

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