Which of the Following Statements About the Costs of Elder

question 274

Multiple Choice

Which of the following statements about the costs of elder care is most accurate?

• A) It should be much less expensive for firms to provide elder care than for them to provide child care.
• B) The financial burdens of elder care on the children of aging parents are likely to become less serious in the future than they are today because many senior citizens are now remaining employed into their 70s rather than retiring in their early 60s.
• C) Although elder care is expensive, the good news is that companies can receive a great deal of assistance from the federal government when they establish qualified elder care programs.
• D) The costs of elder care to companies will rise higher in coming years as an increasing number of more experienced and high-ranking employees face the need to care for aging parents and other relatives.

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Definitions:

Internal Networks

Connections or systems within a specific organization or structure that facilitate communication and information exchange among its parts.

Rural Production

The process of producing food, fiber, and other goods in rural, often agriculturally focused, areas.

American Economy

The American economy pertains to the economic system of the United States, characterized by a mixed economy with both private sector freedom and government regulation.

Capitalism

An economic system characterized by private or corporate ownership of capital goods, by investments determined by private decision, and by prices, production, and the distribution of goods determined mainly by competition in a free market.