abbyhoward6238 abbyhoward6238
  • 26-02-2020
  • Computers and Technology
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Meryl Software Inc., an American MNC wishing total control of its operations, wants to acquire an existing firm, Graphiti Animations, in Canada. If acquired, Graphiti Animations would be a ________.

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akposevictor
akposevictor akposevictor
  • 27-02-2020

Answer:

Fully-owned or Wholly owned subsidiary

Explanation:

A fully-owned subsidiary, also called wholly owned subsidiary, is a company in which 100% of its share is owned completely by another company which serves as its parent company. This implies that, the parent company has total control over the fully-owned subsidiary, and as such can appoint its board of directors to oversee operations.

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