Question

Global Shipping Corporation and Harbor Warehouse Company transfer their property to Investment Managers, Inc., which manages the property and distributes the profits to the beneficiaries. This form of business organization is

a. ​a business trust.
b. ​a joint venture.
c. ​a syndicate.
d. ​a joint stock company.

Answer 1

Answer: (A) A business trust

Step-by-step explanation:

A business trust is one of the form of business organization where the profits are basically distributed in an organization according to the business trustees as they assets and also manage all the business operation in the company.

The main purpose of the business trust in the business organization is that the investors received the transferable certification due to the various types of beneficial interest.

According to the question, the given scenario is refer to a business trust in the form of business organization.

Therefore, Option (A) is correct.