Which of the Following Is the Commonality Among Assisted-Living Facilities

question 5

Multiple Choice

Which of the following is the commonality among assisted-living facilities, life care at home (LCAH) and continuing care retirement communities (CCRCs) ?

• A) All three accept Medicaid as a form of payment and have caused an increase in government spending.
• B) They were all implemented to allow persons requiring long-term care to receive the care in a
• Home-like environment.
• C) All three have been highly successful, requiring private insurance and are geared towards the upper class.
• D) They were all created to serve disabled persons. who require assistance with medications,
• Meals, and housekeeping services.

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Definitions:

Credit

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Unearned Revenues

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Liability

A financial obligation or debt owed by an individual or company to another entity, requiring the transfer of resources at a future date.

Credits

An accounting entry that increases liabilities or equity or decreases assets on a company's balance sheet.