Which Statement Is True About Living Arrangements for Older Adults

question 4

Multiple Choice

Which statement is true about living arrangements for older adults?

• A) Older adults are more independent in their own homes than in a residential community.
• B) The increase in real estate values makes home ownership essential to security.
• C) Program for All-Inclusive Care for the Elderly (PACE) is a community alternative to nursing home care for frail older adults.
• D) Florida is an example of a naturally occurring retirement community (NORC).

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Definitions:

Going-Concern Principle

The assumption that a company will continue to operate in the foreseeable future, not planning to liquidate or cease operations.

Asset Values

The worth of a company's assets, determined by factors like cost, depreciation, and market value.

Accounting Information

Financial data and records relating to a company's operations, transactions, and financial status.

Users

Individuals or entities that utilize or interact with a system, product, or service.