Which of the Following Statements Is False

question 66

Multiple Choice

Which of the following statements is false?

• A) Functional age is a more useful guideline than chronological age in determining an elderly person's skills and abilities.
• B) Chronological age is the age that is represented by calendar time from one birthday to the next.
• C) Disability and illness are influenced by biological aging.
• D) Social aging is uniform across societies and cultures.

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Definitions:

Present Value

Present value is the current worth of a future sum of money or stream of cash flows given a specified rate of return.

Perpetuity

An infinite series of equal payments made at fixed intervals, with no end date.

Withdrawals

The act of removing funds from a bank account, investment, or savings plan, often associated with personal or business financial management.

Retire

To retire means to withdraw from active working life, often due to reaching a certain age or financial independence that enables one to live without needing to earn a regular wage.