Quantum Company Exchanges Some of Its Shares for Some of the Shares

question 53

Multiple Choice

Quantum Company exchanges some of its shares for some of the shares of Rocket Corporation. The exchange is used to create Space Inc., whose business activity is to hold the shares of the two companies. Space Inc. is

• A)a holding company.
• B)a parent corporation.
• C)a subsidiary corporation.
• D)a foreign corporation.

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Definitions:

Wealthy

Having a large amount of money, resources, or assets; individuals or entities in possession of significant economic wealth.

Underrepresentation

The inadequate or disproportionately low representation of a particular group in a certain area or field, compared to their presence in the general population.

People of Color

People of Color is a term used to collectively describe individuals of non-white racial backgrounds, emphasizing diversity and experiences of racial minorities.

Advertising

The business or act of creating and broadcasting promotional messages to a targeted audience to sell products or services.