Which of the following best defines a trust?

A. A trust is a large company or business combination that controls a market.

B. A trust is a large company that consists of two merged businesses.

C. A trust is a business that competes with other businesses in its market.

D. A trust is made of multiple businesses that combine and operate in one state.

Question

Landen Cochran

English

3 December, 10:24

Which of the following best defines a trust?

A. A trust is a large company or business combination that controls a market.

B. A trust is a large company that consists of two merged businesses.

C. A trust is a business that competes with other businesses in its market.

D. A trust is made of multiple businesses that combine and operate in one state.

+1

Answers (1)

Know the Answer?

Parker Bryant · Answer 1

A. A trust is a large company or business combination that controls a market.

A good example of a trust from history is Standard Oil Company. It was made of a bunch of different businesses that had control of the oil market. They operated almost like a monopoly, knocking out competition and driving up prices.