Kate Limited Has an 80% Ownership Interest in Harry Limited

question 29

Multiple Choice

Kate Limited has an 80% ownership interest in Harry Limited. Harry Limited has a 60% ownership interest in William Limited. As a result of these ownership interests, there is a direct ownership interest in William Limited amounting to:

• A) 12%.
• B) 20%.
• C) 40%.
• D) 80%.

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Definitions:

Mean Weight

The average mass of objects or individuals, calculated by summing their weights and dividing by the number of objects or individuals.

Sample

A subset of individuals, items, or data taken from a larger population, used to make inferences about the whole population.

Confidence Interval

A span of numbers obtained from sampled data which probably encompasses the value of a not yet known parameter of the overall population.

Cholesterol

A waxy, fat-like substance found in the cells of the body, important for various biological functions but harmful at high levels.