Which of the Following Is NOT True About Most Elders

question 106

Multiple Choice

Which of the following is NOT true about most elders?

• A) Most elders rely on others for basic care.
• B) Most elders are caregivers rather than receivers of care.
• C) A minority of elders live with their adult children.
• D) Ten percent of individuals age 80 or older are in nursing homes or hospitals.

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Definitions:

Profits

The financial gain realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Income Ratio

A financial metric comparing earnings to another element, such as sales or assets, to assess profitability or performance.

Partnership Agreement

A legal document that specifies the terms and conditions under which a partnership operates, including profit sharing and decision-making processes.

Capital Accounts

Accounts used to record the financial contributions, withdrawals, and the share of profit or loss of owners in a partnership or in their personal accounts.