Why Did First Organize Standard Oil as a Trust

question 42

Multiple Choice

Why did first organize Standard Oil as a trust?

• A) To offer legal protections to oil refineries
• B) To divide the oil market among the top five competitors in the business
• C) To purchase shares of stock in competing companies
• D) To control the key elements of production and corner the market for oil

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Definitions:

Invoice

A document issued by a seller to a buyer that lists the products or services provided and specifies the amount owed for them.

Outstanding Balance

The amount of money owed that remains unpaid.

Payment

The act of transferring money or consideration from one party to another in exchange for goods, services, or to fulfill a legal obligation.

Invoice

A document issued by a seller to a buyer, outlining the quantities and costs of goods or services provided.