Which of the Following Are Non-Financial Claims

question 51

Multiple Choice

Which of the following are non-financial claims?

• A)pension obligations
• B)taxes payable
• C)notes payable
• D)Both A and B are non-financial claims.

Understand gender differences in late adulthood, especially concerning socio-economic status and health.

Understand the care mechanisms available for African American older adults in their lifelong neighborhoods.

Identify the positive predictors that contribute to successful adjustment to retirement.

Gain knowledge about the origins and functioning of Social Security.

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Definitions:

Manufacturing Overhead

Indirect factory-related costs that are incurred when a product is manufactured, including costs like rent, utilities, and maintenance of equipment.

Selling and Administrative Expenses

These are indirect costs that are not directly tied to the production of goods or services, including sales personnel salaries, advertising, and office rent.

Period Costs

Costs that are not directly tied to the production process and are expensed in the period they are incurred, such as selling, general, and administrative expenses.

Administrative Costs

Expenses related to the general administration of a business, including salaries of executives, office supplies, and legal and accounting services.