Which One of the Following Is the Abbreviation for the U.S.government

question 57

Multiple Choice

Which one of the following is the abbreviation for the U.S.government coding system that classifies a firm by its specific type of business operations?

• A)BEC
• B)SED
• C)BID
• D)SIC
• E)SBC

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Definitions:

Subsidiary Company

A company that is completely or partly owned and partly or wholly controlled by another company, known as the parent company.

Parent Company

A corporation that owns a majority of the shares of another company, thus controlling management and operations.

Controlled Company

A company in which a majority of its stock is owned or its operations are controlled by another entity.

Investee Company

A company in which another company (the investor) holds a significant stake but does not have controlling interest.