A Durable Power of Attorney Is

question 65

Multiple Choice

A durable power of attorney is:

• A)a written instrument that expresses the principal's intention that the agent's authority will become effective upon the principal's subsequent incapacity.
• B)a written instrument that expresses the principal's intention that the agent's authority will not be affected by the principal's subsequent incapacity.
• C)an irrevocable written or oral expression that an agent will have authority to make contracts for and on behalf of the principal.
• D)Both (a) and (b).

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Definitions:

Structural Unemployment

The occurrence of unemployment caused by the reformation within industries, often as a result of technological innovations, rather than changes in market demand or supply.

Unemployment Insurance

A government-provided financial assistance program for individuals who have lost their jobs, offering temporary financial support.

Minimum Wage

The lowest legally enforceable wage that employers can pay their workers, aimed at protecting workers from exploitation.

U-5 Unemployment Rate

A measure of unemployment that includes those who are not working, available to work, and have looked for work within the past 12 months, plus marginally attached workers and those employed part-time for economic reasons.