What Dilemma May Be Posed by the Need of the Elderly

question 29

Multiple Choice

What dilemma may be posed by the need of the elderly for more care as they age?

• A)more nursing homes versus more home care services
• B)more working women versus hiring more home help aides
• C)more nursing homes versus higher taxes to pay for them
• D)higher taxes versus increased service levels

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Definitions:

Cost Of Goods Sold

The direct costs attributable to the production of goods sold by a company, including material and labor expenses.

Merchandising Company

A business that purchases finished products and sells them to consumers without further processing.

Sunk Cost

Costs that have already been incurred and cannot be recovered or changed.

Alternative

An option or choice among several available in a given situation, often considered when making decisions.