Home » mcq » Computer fundamentals » Tally » A Group Company is ________ given to the merged accounts of member companies of the group A. a name B. an identity C. A and B D. None of the above
a name
an identity
A and B
None of the above
Answer is Right!
Answer is Wrong!
The correct answer is: A and B.
A group company is a company that is owned by another company, called the parent company. The parent company can give the group company a name and an identity that is separate from its own. This can be done for a number of reasons, such as to make it easier for investors to track the performance of the group company,
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or to give the group company a more distinct brand identity.
Option A is correct because a group company is often given a name that is different from the name of the parent company. This can be done to make it easier for investors to track the performance of the group company, or to give the group company a more distinct brand identity.
Option B is correct because a group company is often given an identity that is separate from the identity of the parent company. This can be done to make it easier for investors to track the performance of the group company, or to give the group company a more distinct brand identity.
Option C is incorrect because it is not always the case that a group company is given both a name and an identity. In some cases, the parent company may choose to keep the group company’s name and identity the same as its own.
Option D is incorrect because a group company is a type of company that is owned by another company, called the parent company.