A foreign subsidiary over which an organization has complete control is called a:
A) joint venture.
B) licensing agreement.
C) franchise.
D) wholly owned foreign subsidiary.
E) foreign venture.

Question

Quizplus · Accepted Answer

A wholly owned foreign subsidiary is a foreign entity over which the organization has complete control. Joint ventures, licensing agreements, and franchises all involve a degree of shared ownership, control, or contractual obligations between the organization and other entities. A foreign venture is a broad term that could refer to any type of business activity or investment in a foreign country, and does not necessarily imply complete control over a subsidiary.

A Foreign Subsidiary Over Which an Organization Has Complete Control