An Ownership Interest of Greater Than 50 Percent Is Required

question 92

True/False

An ownership interest of greater than 50 percent is required for an investor to have accounting control over an investee.

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Definitions:

Marketing Department

A division within a company focused on developing and implementing strategies to promote and sell the company's products or services.

Corporate Social Responsibility

A business model that helps a company be socially accountable—to itself, its stakeholders, and the public—by practicing ethical operations and contributing to economic development while improving the quality of life of the workforce and their families as well as the local community and society at large.

Beyond Compliance

Refers to businesses going above the legal requirements to be more socially responsible and environmentally friendly.

Environmentally Friendly

Practices or products that have a minimal impact on the environment, often emphasizing sustainability and conservation of resources.