In an affiliated group,the parent must own at least 80% of each of the subsidiaries.

Question

Quizplus · Accepted Answer

This statement is true. In order for a group of companies to be considered affiliated, the parent company must own at least 80% of each of the subsidiaries. This means that the parent company has controlling interests in these companies and can exert a significant degree of influence over their operations and decision-making processes.

In an Affiliated Group,the Parent Must Own at Least 80