USA HISTORY

WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900

SECOND INDUSTRIAL REVOLUTION

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is a trust?
A
Believe in someone
B
A large business with significant market power.
C
Having faith
D
Owning a store
Explanation: 

Detailed explanation-1: -A trust or corporate trust is a large grouping of business interests with significant market power, which may be embodied as a corporation or as a group of corporations that cooperate with one another in various ways.

Detailed explanation-2: -A trust is a business structure that doesn’t have an owner or owners in the traditional sense. The trust imposes an obligation on the trustee – a person or a company – to hold and operate the business assets for the benefit of others, the beneficiaries.

Detailed explanation-3: -Business Trust= Real Estate Investment Trusts (REITs) + Infrastructure Investment Trusts (InvITs). These trusts are like mutual funds that raise resources from many investors to be directly invested in realty or infrastructure projects.

Detailed explanation-4: -In general, a trust is a relationship in which one person holds title to property, subject to an obligation to keep or use the property for the benefit of another.

Detailed explanation-5: -Without trust, transactions cannot occur, influence is destroyed, leaders can lose teams and salespeople can lose sales. The list goes on. Trust and relationships, much more than money, are the currency of business.

There is 1 question to complete.