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Which of the following statements accurately defines a holding company?
  • a)
    A holding company is a company that merges with other companies to form a larger entity.
  • b)
    A holding company is a company that controls the composition of the board of directors of its subsidiaries.
  • c)
    A holding company is a company that operates in the same industry as its subsidiaries.
  • d)
    A holding company is a company that solely relies on its subsidiary companies for financial support.
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Which of the following statements accurately defines a holding company...
A holding company is defined as a company that holds a controlling interest, usually a majority of shares, in one or more subsidiary companies. It may control the composition of the board of directors of its subsidiaries, giving it the ability to influence their decisions and operations.
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Which of the following statements accurately defines a holding company?a)A holding company is a company that merges with other companies to form a larger entity.b)A holding company is a company that controls the composition of the board of directors of its subsidiaries.c)A holding company is a company that operates in the same industry as its subsidiaries.d)A holding company is a company that solely relies on its subsidiary companies for financial support.Correct answer is option 'B'. Can you explain this answer?
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Which of the following statements accurately defines a holding company?a)A holding company is a company that merges with other companies to form a larger entity.b)A holding company is a company that controls the composition of the board of directors of its subsidiaries.c)A holding company is a company that operates in the same industry as its subsidiaries.d)A holding company is a company that solely relies on its subsidiary companies for financial support.Correct answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Which of the following statements accurately defines a holding company?a)A holding company is a company that merges with other companies to form a larger entity.b)A holding company is a company that controls the composition of the board of directors of its subsidiaries.c)A holding company is a company that operates in the same industry as its subsidiaries.d)A holding company is a company that solely relies on its subsidiary companies for financial support.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following statements accurately defines a holding company?a)A holding company is a company that merges with other companies to form a larger entity.b)A holding company is a company that controls the composition of the board of directors of its subsidiaries.c)A holding company is a company that operates in the same industry as its subsidiaries.d)A holding company is a company that solely relies on its subsidiary companies for financial support.Correct answer is option 'B'. Can you explain this answer?.
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