Which of the Following Would Be Considered an Estate Planning

question 228

Multiple Choice

Which of the following would be considered an estate planning mistake?

• A)Having a will
• B)Having a signed medical power of attorney
• C)Choosing an executor based on emotional ties
• D)Having a legal guardian appointed for each of your children

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Definitions:

Skyscraper

A tall, continuously habitable building of many floors, usually designed for office, commercial, and residential use.

Efficiency Wage

A higher-than-market wage paid by employers to increase worker productivity, loyalty, and reduce turnover.

Market Failure

A situation in which the market does not allocate resources efficiently, leading to a loss of economic and social welfare.

Unemployment

This indicates the condition of being jobless despite the willingness and capability to work, measured as a percentage of the labor force.