For various reasons, a single economic entity may exist in the form of a parent and several legally separate subsidiaries, often referred to as an affiliated group.

Name: For various reasons, a single economic entity may exist in the form of a parent and several legally separate subsidiaries, often referred to as an affiliated group.
Brand: Quizplus
Rating: 4.8 (50 reviews)

Question

Quizplus · Accepted Answer

This statement is true. An affiliated group is composed of a parent company and one or more subsidiaries that are legally separate but closely related economically.

For Various Reasons, a Single Economic Entity May Exist in the Form