TIR Stands For

question 3

Multiple Choice

TIR stands for:

• A) Total Internal Radius
• B) Total Indicated Radius
• C) Total Indicated Runout
• D) Total Internal Runout

---

Definitions:

Parent Company

A company that has controlling interest in another company or companies, known as subsidiaries.

Subsidiary

A company that is controlled by another company, known as the parent company, through ownership of more than half of its voting stock.

Fixed Assets

Long-term tangible assets used in operation of a business that are unlikely to be converted into cash within a short period.

Consolidated Financial Statements

Financial statements that represent the aggregate financial position and results of operations for a parent company and its subsidiaries as a single economic entity.