Identify the INCORRECT Statement Pertaining to Senior Citizens

question 187

Multiple Choice

Identify the INCORRECT statement pertaining to senior citizens.

• A) Senior citizens are people over age 65.
• B) The number of senior citizens is increasing rapidly.
• C) Senior citizens' income is often lower than in their peak earning years.
• D) Older people are not all the same.
• E) A higher percentage of senior citizens are considered "poor" than the percentage for all adults.

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Definitions:

Asset Account

An account that records the value of resources owned by an entity which have economic value and can provide future benefits.

Capital

Financial resources or assets owned by a business or individual used for creating wealth or generating income.

Net Sales

The final sales figure a company reports, after deducting returns, discounts, and compensations for damaged or missing products from its total sales.

Gross Sales

The total sales revenue of a company without deducting any sales returns, allowances, or discounts.