A Subsidiary Is a Company That Owns More Than 50

question 80

True/False

A subsidiary is a company that owns more than 50 percent of another company's outstanding common stock.

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Definitions:

COBRA

A law that provides former employees, retirees, spouses, former spouses, and dependent children the right to temporary continuation of health coverage at group rates.

Substantially Reduced

Significantly decreased in amount, size, extent, or degree.

Employee's Hours

The total time an employee is engaged in work for an employer, typically measured per day or week.

Private Employers

Organizations or individuals that operate and manage businesses which are not owned or controlled by the government, responsible for hiring employees under private employment agreements.