JAMB - Commerce (2025 - No. 52)
A company which acquires more than 50% voting shares of another company is called?
a consortium
a cartel
a holding company
a trust
Erläuterung
A holding company is a company that owns the stocks of other companies. The term is usually used to refer to a company that
does not produce goods or services itself, but its purpose is to own shares of other companies. If a company acquires more than
50% voting shares of another company, it is called a holding company because it has controlling interest in the company.
does not produce goods or services itself, but its purpose is to own shares of other companies. If a company acquires more than
50% voting shares of another company, it is called a holding company because it has controlling interest in the company.