Which of the Following Is Not a Key Difference Between

Multiple Choice

Which of the following is not a key difference between a multidivisional company and a holding company?

A) Multidivisional companies have a centralized treasury;holding companies do not
B) The parent of a holding company appoints the boards of directors of its subsidiaries;the HQ of a multidivisional company directly appoints divisional managers
C) The subsidiaries of a holding company are responsible for their own financing decisions;the divisions of a multidivisional company need only to consider their credit ratings
D) Multidivisional corporations typically have a single,integrated strategic planning process;holding companies do not.