When an Older Person Requires 24-Hour At-Home Care, Respite Services

question 33

True/False

When an older person requires 24-hour at-home care, respite services allow caregivers time away from caregiving responsibilities, which alleviates some of the stress involved in providing care around the clock.​

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Definitions:

Total Liabilities

The total amount of all financial obligations a company owes to external parties.

Owner's Equity

The residual interest in the assets of an entity after deducting liabilities, representing the owner’s claim on the business assets.

Period's Change

The difference in a specific financial indicator or performance measure from one established period to the next.

Liabilities

Obligations owed by a company to third parties, such as loans, accounts payable, or mortgages, expected to be paid or settled.