BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Detailed explanation-1: -Same or similar line of business means business activities within the same four-digit Industry Group of the NAICS Manual as the primary industry classification of the applicant or Participant. The phrase same business area is synonymous with this definition.
Detailed explanation-2: -A conglomerate is a corporation made up of several different, independent businesses. In a conglomerate, one company owns a controlling stake in smaller companies that each conduct business operations separately. Conglomerates can be created in several ways, including mergers or acquisitions.
Detailed explanation-3: -A business group is the highest level of organization and the largest grouping of employees across which you may report.
Detailed explanation-4: -A group structure is created when a company (directly or indirectly) owns one or more other company. The company at the top of the structure is called a parent or holding company and can have several subsidiaries beneath it. All companies in the group are under the ultimate ownership and control of the parent company.