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A Trust Is Defined as a

Question 17

Multiple Choice

A trust is defined as a .


A) policy that is based solely on the goal of economic efficiency or the maximization of consumer welfare
B) business arrangement in which owners of stocks in several companies place their securities with trustees, who jointly manage the companies and pay the owners a specific share of their earnings
C) policy that is based on the desirability of preserving competition to prevent the accumulation of economic and political power, the dislocation of labor, and market inefficiency
D) business arrangement in which owners of stocks in several companies place their securities in an account that stores earnings

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