Which Statement Is True About the Volunteer Activities of Aging

question 5

Multiple Choice

Which statement is true about the volunteer activities of aging adults?

• A) Men volunteer more often than women.
• B) Of those older adults who volunteer, over half give 200 or more hours per year.
• C) About 10 percent of older adults in industrialized nations report volunteering.
• D) Time spent volunteering usually begins to decline by age 60.

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Definitions:

Payback Period

The length of time it takes for an investment to generate enough cash flow to recoup its original cost.

Accounting Rate of Return

The accounting rate of return (ARR) is an accounting metric that measures the profitability of an investment by dividing the average annual profit by the initial investment cost.

Capital Budgeting

The process of evaluating and selecting long-term investments that are in line with the goal of shareholders' wealth maximization.

Time Value of Money

A financial principle that posits money available now is worth more than the same amount in the future due to its potential earning capacity.