Social Scientists Have Found That There Is a Sequencing in the Order

question 31

Multiple Choice

Social scientists have found that there is a sequencing in the order of later life moves. The second move is most likely to occur when:

• A) older adults are seeking a comfortable lifestyle.
• B) older adults encounter physical incapacity.
• C) older adults develop chronic disabilities, a serious illness, or become widowed.
• D) older adults have remarried.

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Definitions:

Interest

The cost of borrowing money, typically expressed as an annual percentage rate, or the income earned from lending money.

Agency Law

The legal principles governing the relationship between an agent, who acts for another person (the principal), and the rights and obligations that arise from this relationship.

Business Law

A branch of law that deals with the rights, relations, and conduct of persons and businesses engaged in commerce, merchandising, trade, and sales.

E-Sign

E-Sign, the Electronic Signatures in Global and National Commerce Act, is a federal law that facilitates the use of electronic records and signatures in interstate and foreign commerce.