Across All Racial and Ethnic Groups, More Affluent Older Adults

question 29

Multiple Choice

Across all racial and ethnic groups, more affluent older adults have _____________________ and _____________________ than individuals in lower socioeconomic groups.

• A) lower levels of disability; lower health-related quality of life
• B) higher levels of disability; higher health-related quality of life
• C) higher levels of disability; lower health-related quality of life
• D) lower levels of disability; higher health-related quality of life

---

Definitions:

Percentage-of-Completion Method

An accounting technique used to recognize revenue and expenses of long-term projects proportionally to the work completed to date.

Long-Term Contracts

Agreements that establish the terms for ongoing services or project work that lasts over an extended period, often involving incremental delivery and payment schedules.

Contract Loss

A financial loss encountered in a contract when the total costs exceed the revenue earned from the contract, typically recognized in construction or long-term projects.

Percentage-of-Completion Method

An accounting method used to recognize revenue and expenses of long-term contracts in proportion to the work completed.