passwella.
Menu

WAEC Commerce 2003 Question 6

Question 6

Business Combinations

The main feature of a holding company is

  1. A.that resources are used for the interest of the community
  2. B.accepting responsibilities beyond the aims of private enterprises
  3. C.that it has financial control over other companies
  4. D.that it has profit-sharing schemes for employees
Show the answer and explanation

Answer: C (that it has financial control over other companies)

Explanation

A holding company owns enough shares in other companies to control them.