Multiple choice general knowledge

A company that owns a number of other businesses in various fields is called a:

  1. Bank

  2. Multinational corporation

  3. Conglomerate

  4. None of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

A conglomerate is a corporation that owns multiple different businesses across diverse industries. Unlike a multinational corporation (which operates in multiple countries but may have one primary business) or a bank (financial services only), a conglomerate's key characteristic is diversification across unrelated business sectors.

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