Business Trust

Business Trust

7th Grade

25 Qs

quiz-placeholder

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Business Trust

Business Trust

Assessment

Quiz

Social Studies

7th Grade

Practice Problem

Hard

Created by

John Robinson

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Media Image

Which economic concept is best illustrated by the cartoon?

Supply and demand

mercantilism

monopoly

trade

2.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

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

Trust

Monopolies

Sherman Anti Trust Act

Corporation Mergers

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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

monopoly

corporation

trust

strike

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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

Social Darwinism

Trust

Sherman Anti-Trust Act

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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

A) Beneficiaries

B) Trustees

C) Shareholders

D) Directors

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