An arrangement between firms whereby decision-making is controlled by a board of trustees is known as

Question

Quizplus · Accepted Answer

An arrangement between firms whereby decision-making is controlled by a board of trustees is known as a trust. In a trust, several firms come together to form a single entity, which is governed by a board of trustees that controls the decision-making of the entity. This board of trustees exercises significant control over the operations of the firms that are part of the trust, which may give rise to antitrust concerns.

An Arrangement Between Firms Whereby Decision-Making Is Controlled by a Board