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:

Mediterranean Sea

A sea connected to the Atlantic Ocean surrounded by the Mediterranean region and almost completely enclosed by land.

Chaparral

A biome with a Mediterranean climate (mild, moist winters and hot, dry summers). Chaparral vegetation is characterized by drought-resistant, small-leaved evergreen shrubs and small trees.

Boreal Forest

A biome characterized by coniferous forests located in northern regions, experiencing cold climates and playing a vital role in the Earth's carbon cycle.

Taiga

The biome characterized by coniferous forests, covering vast areas of northern America and Eurasia, known for cold climates and long winters.