The Corporation Owning All or a Majority of the Voting

question 21

True/False

The corporation owning all or a majority of the voting stock of another corporation is known as the parent company.

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Definitions:

Strike

A strike is a collective action undertaken by workers refusing to work, aiming to gain concessions from their employer regarding wages, conditions, or policies.

Union

An organized association of workers formed to protect and further their rights and interests; a labor union.

Management

The process of planning, organizing, leading, and controlling resources to achieve organizational goals effectively and efficiently.

Union Employee

A worker who is a member of a labor union, which represents their interests in negotiations with employers.