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:

Adviser to the King

A counselor or consultant who provides expertise, advice, and guidance on a wide range of issues to a monarch or sovereign.

Decision-Making Process

A systematic series of steps that an individual or group follows to conclude which option to choose from, among several alternatives.

Intellectual Attributes

Qualities or features of individuals related to their mental capacity, creativity, reasoning, problem-solving, and knowledge acquisition.

Personal History

An individual's past experiences, events, and background information, often considered in contexts such as employment or legal matters.