A company that owns more than 50% of the common stock of another company is known as the
A) charge company.
B) subsidiary company.
C) parent company.
D) management company.

Question

Quizplus · Accepted Answer

A company that owns more than 50% of the common stock of another company is known as the parent company. This is because it has significant control over the subsidiary company's operations and is responsible for making strategic decisions on its behalf. The subsidiary company, on the other hand, is controlled by the parent company but operates as a separate legal entity.

A Company That Owns More Than 50% of the Common