Business Trust

Which economic concept is best illustrated by the cartoon?

• Supply and demand

• mercantilism

• monopoly

• trade

Created by Robber Barons to get around new monopolies rules and regulations.

• Trust

• Monopolies

• Sherman Anti Trust Act

• Corporation Mergers

A way of organizing a number of business so that a few people, called trustees, control them

• monopoly

• corporation

• trust

• strike

a legal arrangement grouping together a number of companies under a single board of directors.

• Social Darwinism

• Trust

• Sherman Anti-Trust Act

A legal entity created to hold assets for the benefit of certain persons or entities, managed by trustees.

• A) Corporation

• B) Partnership

• C) Business Trust

• D) Sole Proprietorship

Which of the following is a primary advantage of a business trust?

• A) Limited liability

• B) Unlimited liability

• C) Double taxation

• D) No legal recognition

In a business trust, who is responsible for managing the trust's assets?

• A) Beneficiaries

• B) Trustees

• C) Shareholders

• D) Directors

What is the main purpose of establishing a business trust?

• A) To evade taxes

• B) To manage and protect assets

• C) To increase competition

• D) To create a monopoly

Which of the following is NOT a characteristic of a business trust?

• A) Managed by trustees

• B) Limited liability

• C) Issuance of shares

• D) Unlimited lifespan

How does a business trust differ from a corporation?

• A) It is subject to double taxation

• B) It is managed by trustees

• C) It issues stock

• D) It has perpetual existence