A Foreign Subsidiary Over Which an Organization Has Complete Control

question 67

Multiple Choice

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.

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Definitions:

Exchange Rate

The worth of a particular currency when converted into a different currency.

France

A country located in Western Europe known for its historical and cultural significance, notable landmarks, and as a global center for art, science, and philosophy.

Exchange Rate

The value of one currency for the purpose of conversion to another, indicating how much of one currency can be exchanged for another.

American Goods

Products manufactured, produced, or grown within the United States.