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WAEC Commerce 1997 Question 45

Question 45

Business Combinations

A company which acquires more than 50% voting shares of another company is called

  1. A.a trust
  2. B.a cartel
  3. C.an amalgamation
  4. D.a consortium
  5. E.a holding company
Show the answer and explanation

Answer: E (a holding company)

Explanation

Owning over half the voting shares makes it a holding company.