WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
IMMIGRATION IN INDUSTRIAL AMERICA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A legal body created to hold controlling stock in many companies is called a
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Trust
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Monopoly
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Corporation
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Bessemer Process
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Explanation:
Detailed explanation-1: -A trust company is a legal entity that acts as a fiduciary, agent, or trustee on behalf of a person or business for a trust. A trust company is typically tasked with the administration, management, and the eventual transfer of assets to beneficiaries.
Detailed explanation-2: -The four main types are living, testamentary, revocable and irrevocable trusts.
Detailed explanation-3: -If the stock-issuing company has profit, the holding company is entitled to some of that profit based on the amount of stock owned. Trust companies also have their own tangible and intangible assets. Instead of additional stock, however, these companies own whatever assets the grantor has placed within the trust.
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