Which of the Following Statements Is the Most Accurate

question 10

Multiple Choice

Which of the following statements is the most accurate?

• A) A trust will fail if there is no trustee.
• B) A trust will not fail for want of a trustee because the Queen, as parens patriae, will act as trustee in the absence of any other person capable of acting.
• C) A trust will not fail for want of a trustee because not all trusts require there to be a trustee.
• D) A trust will not fail for want of a trustee because there are mechanisms for allowing an alternative trustee to be appointed.

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Definitions:

Price Level

refers to the average of current prices across the entire spectrum of goods and services produced in the economy, often compared over time to assess inflation.

Real Wage

The purchasing power of wages, considering the effect of inflation, representing the quantity of goods and services that can be bought with those wages.

Demand-Enhancing Union

A labor union strategy aimed at increasing demand for the products and services produced by its members.

Wage Rate

The standard amount of compensation received by a worker per unit of time (hour, day, etc.) for their labor.