A company partly owned and controlled by another is known as a:
A)parent company.
B)subsidiary company.
C)a limited company.
D)a private company.

Question

Quizplus · Accepted Answer

A subsidiary company is a company that is partly owned and controlled by another, known as the parent company. The subsidiary operates as a separate legal entity, but the parent company holds a majority of the shares and can make decisions regarding the subsidiary's management and financial affairs. A limited company refers to a legal structure of a company, while a private company refers to the ownership and shares structure.

A Company Partly Owned and Controlled by Another Is Known