Name a corporation that owns enough voting stock in another firm to control management and operations by influencing of electing its board of directors ?
Correct answer: C. Holding company
- A. Mother company
- B. Father company
- C. Holding company
- D. joint company
Explanation
A holding company controls another company by owning enough voting shares to influence or elect its board and direct management. It need not own all of the subsidiary's shares, unlike a wholly owned company.
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