Ajak Corporation Owns 85% of the Single Class of Utech

question 53

Multiple Choice

Ajak Corporation owns 85% of the single class of Utech Corporation stock. Utech Corporation owns 35% of Tech Corporation. Ajak Corporation also owns 50% of Tech Corporation, and Tech Corporation owns 75% of Baxter Corporation.

• A)Ajak, Tech, Utech, and Baxter Corporations are an affiliated group.
• B)Ajak, Tech, and Baxter Corporations are an affiliated group.
• C)Ajak, Tech, and Utech Corporations are an affiliated group.
• D)None of the above are correct.

---

Definitions:

Deccan Sultanates

A group of five dynasties that ruled over the Deccan Plateau in south-central India from the 14th to the 17th century, known for their contributions to Indian art and architecture.

Vijayanagar Empire

A prominent South Indian empire known for its wealth, strength, and patronage of the arts and architecture, flourishing between the 14th and 17th centuries.

Great Temple

A term that can refer to any significant religious structure or building deemed important due to its size, history, or spiritual significance.

Madurai

An ancient city in the southern Indian state of Tamil Nadu, known for the Meenakshi Amman Temple and its rich cultural heritage and history.