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 affiliate.
E) foreign venture.

Question

Quizplus · Accepted Answer

A wholly owned foreign affiliate is a foreign subsidiary over which an organization has complete control. Joint venture, licensing agreement, and franchise all involve sharing control or ownership with another party. "Foreign venture" is not a commonly used term in international business.

A Foreign Subsidiary Over Which an Organization Has Complete Control