Which Is Characteristic of Continuing Care Retirement Communities

question 7

Multiple Choice

Which is characteristic of continuing care retirement communities?

• A)Ability to move from independent living to nursing care as needed.
• B)Integrated programs to support those continuing to live in the community.
• C)High levels of professional staff support to maintain functioning.
• D)More affordable housing.

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Definitions:

Wage Rate

The amount of compensation paid to an employee per unit of time worked, often expressed as an hourly rate.

Marginal Physical Product

The additional output resulting from using one more unit of a physical input, holding other inputs constant, in the production process.

Total Revenue

The price of a good or service multiplied by the number of units sold.

Marginal Revenue Product

The additional revenue generated from employing one more unit of a resource, factor of production, or input.