Continuing Care Retirement Communities (CCRC) Provide Residential Care in a Facility

question 54

True/False

Continuing care retirement communities (CCRC) provide residential care in a facility, along with some level of long-term medical care that is less intensive that hospital care.

---

Definitions:

Non-earning Asset

A non-earning asset is an asset that does not produce income or interest for its owner.

Conduct Business

The manner in which a company operates within its chosen marketplace, including its strategies, practices, and procedures.

EOQ

Economic Order Quantity, a formula that determines the ideal order quantity that minimizes total inventory holding costs and ordering costs.

Fixed Ordering Costs

Fixed ordering costs are the expenses that do not change with the quantity of order and typically include things like delivery charges and order processing fees.