Which one of the following statements is an advantage of a private business trust? a. It is a very rigid type of enterprise. b. This type of enterprise is very easy to form. c. A business trust has unlimited access to capital. d.

The correct statement regarding an advantage of a private business trust is: **b. This type of enterprise is very easy to form.** Private business trusts typically have simpler structures and can be established more quickly than some other types of business entities. The other options do not accurately represent advantages of a private business trust.