List and Describe the Five Internal Environmental Factors

question 61

Essay

List and describe the five internal environmental factors.

Recognize the theoretical perspectives on aging, such as disengagement theory, activity theory, and psycho-social theories of late adulthood.

Examine the role of religion, leisure activities, and life reviews in the well-being of older adults.

Comprehend the process and significance of reflection on life events through life review in late adulthood.

Explore the psychological and sociological aspects of retirement, including adjustment and planning.

---

Definitions:

Labor Cost

The total expenses associated with employing labor, including wages, benefits, and taxes.

Cash Budget

A financial plan that estimates cash inflows and outflows over a certain period of time, often used for managing liquidity.

Cash Receipts

are documents or records of the actual cash received by a business from transactions, including sales, loans, or asset disposals.

Cash Disbursements

Refers to the outflow of cash to pay for expenses or investments made by a company or individual.