Question: A subsidiary differs from a branch in that a subsidiary _ _ _ _ _ _ _ _ . Select one: a . is just

A subsidiary differs from a branch in that a subsidiary ________.
Select one:
a.
is just a unit or a part of the parent with no separate legal status
b.
is a co-parent company
c.
is considered an agent of the parent company governed by an agency contract, but not owned by the company
d.
is a company organized as a separate legal entity that is owned by the parent

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