Which of the Following Is LEAST Likely to Characterize Continuing

question 47

Multiple Choice

Which of the following is LEAST likely to characterize continuing care retirement communities (CCRCs) ?

• A) They require no entry fee.
• B) They require at least a year long contract.
• C) Monthly fees range from $500 to $5,000.
• D) The member is provided with housing, health care, social activities, and meals.

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Definitions:

Dividends

Payments made by a corporation to its shareholder members, typically from profits or reserves.

Ordinary Income

Income earned from conducting standard business operations, as opposed to capital gains or investment income.

Straight Line

In finance, often refers to a method of depreciation where an asset's value decreases evenly over its useful life.

Depreciated

The reduction in an asset's worth over a period, frequently as a result of usage or becoming outdated.