A corporation consisting of many companies in different businesses or industries is called a ________.
A) monopoly
B) conglomerate
C) portfolio
D) multinational

Question

Quizplus · Accepted Answer

A conglomerate is a corporation consisting of multiple companies operating in different industries or businesses. This allows the corporation to diversify its portfolio and minimize risk. Monopoly refers to a situation in which only one company dominates a particular industry or market. A portfolio refers to the collection of investments held by an individual or institution, while a multinational company has operations in multiple countries.

A Corporation Consisting of Many Companies in Different Businesses or Industries