A Holding Company Is a Company Whose Business Activity Consists

question 21

True/False

A holding company is a company whose business activity consists of holding shares in another company.

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Definitions:

Middle Class

Social class composed primarily of white collar workers with a broad range of education and incomes; they constitute about 30 percent of the U.S. population.

Blue-Collar Workers

Employees who perform manual labor, often in industries involving physical work such as manufacturing, construction, and maintenance.

Meritocracy

A societal system where advancement in society is based on an individual's capabilities and merit rather than on family, wealth, or social class.

Discrimination

Discriminatory behavior that unfavorably targets people belonging to distinct categories, mainly due to their racial background, age, gender, or physical limitations.