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.

Recognize the objectives and activities associated with each stage of the personal selling process.

Identify tactics and techniques for prospecting and qualifying leads.

Understand the importance of the approach stage in creating a positive first impression.

Recognize the role of cultural sensitivity and rapport-building in international sales during the preapproach and approach stages.

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Definitions:

Incremental Value

The additional or added value created by undertaking a particular action or project, compared to not proceeding.

Net Present Value

A method used in capital budgeting to evaluate the profitability of an investment or project, by calculating the present value of expected cash flows minus the initial investment.

Outstanding Shares

Shares of a company that are owned by investors, including restricted shares held by the company’s insiders.

Value Per Share

A measure reflecting the equity value of a company divided by its total number of outstanding shares, indicating what each share is worth.