Trusts Were Originally Business Arrangements in Which Owners of Stocks

question 13

Multiple Choice

Trusts were originally business arrangements in which owners of stocks in several companies placed their securities in the hands of , who controlled and managed the companies.

• A) stockholders
• B) trustees
• C) third party beneficiaries
• D) assignees

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Definitions:

Marginal Benefits

The incremental satisfaction received from the consumption of one additional unit of a good or service.

Marginal Costs

The incremental cost of manufacturing one more unit of a product or service.

Studying Economics

The academic pursuit of understanding how individuals, businesses, governments, and nations make choices on allocating resources to satisfy their desires and needs.

Opportunity Cost

Opportunity Cost is the foregone benefit that would have been derived by choosing the next best alternative when making a decision.