Ajak Corporation Owns 85% of the Single Class of Utech

question 83

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, and Baxter Corporations are an affiliated group.
• B) Ajak, Tech, Utech, 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:

Universally Applicable

Refers to principles, rules, or criteria that are relevant and can be applied in every situation, without exceptions.

Special Benefits

Privileges or advantages provided to individuals or groups under specific conditions or circumstances.

Cognitive Dissonance

A psychological discomfort experienced when holding two or more conflicting beliefs, ideas, or values.

Festinger And Carlsmith

Festinger and Carlsmith refer to the researchers involved in a classic 1959 psychological experiment demonstrating cognitive dissonance, where individuals experienced discomfort resulting from holding conflicting beliefs.