Which is a true statement about forms of business organization?
A) The corporation was a new organizational technique not used in America before the Civil War.
B) Horizontal integration refers to a corporation controlling the whole stream of production, from raw materials through industrial production to retail sales.
C) The trust was a device to enlarge corporate power by jointly controlling and managing once-competing firms through a central board of directors.
D) The holding company refers to an informal cooperative arrangement between two businesses, devised because it was illegal for corporations to own other corporations.

Question

Quizplus · Accepted Answer

The trust was indeed a device used to centralize control and manage competing firms through a central board, enhancing corporate power.

Which Is a True Statement About Forms of Business Organization