Germany's Corporatist System Long Used Tripartite Agreements Among Government, Business

question 37

True/False

Germany's corporatist system long used tripartite agreements among government, business, and labor to set major social and economic policies.

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Definitions:

Allocation of the Dividend

The process of distributing a portion of a company's earnings, decided by the board of directors, to its shareholders in proportion to their shareholding.

Parent

A company that holds a controlling interest in one or more subsidiaries, often by owning more than half of their stock.

NCI

Non-Controlling Interest, which refers to the equity in a subsidiary not attributable, directly or indirectly, to a parent company.

Indirect Ownership Interests

Ownership in a company that is mediated through another entity, such as owning a parent company that in turn owns subsidiaries.