Which of the Following Statements Is FALSE Regarding Older People

question 69

Multiple Choice

Which of the following statements is FALSE regarding older people?

• A)Older people have incomes about the same as younger people.
• B)Older women are twice as likely to live in poverty as older men are.
• C)Older people living alone are much more likely to be poor than those who live with families.
• D)The proportion of people age 65 and older in the U.S.population is expected to nearly double by the year 2030.

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Definitions:

Divisional Income Statements

Financial statements that show the revenue, expenses, and profit for each division or segment of a company separately.

Income from Operations

The profit generated from the core business activities of a company, excluding revenues and expenses from non-operational activities like financing or investments.

Payroll Cost

Expenses associated with compensating employees, including wages, salaries, and benefits.

Accounting Cost

The total amount of money or the monetary value of resources consumed or used in the process of generating revenue, as recorded in financial statements.