Luke is the owner of Fun Times, a U.S. event-planning company. He plans to open an event-planning company, Events & Adventures, in Germany. Events & Adventures will be totally owned and controlled by Fun Times, which makes Events & Adventures a ________ of Fun Times.
A) joint venture
B) total investment agreement
C) strategic alliance
D) wholly owned subsidiary
E) maquiladora

Question

Quizplus · Accepted Answer

A wholly owned subsidiary is a foreign subsidiary that is totally owned and controlled by an organization. The foreign subsidiary may be an existing company that is purchased outright.

Luke Is the Owner of Fun Times, a U