multiple choice question what term is defined as a foreign subsidiary that is totally owned and controlled…

multiple choice question what term is defined as a foreign subsidiary that is totally owned and controlled by an organization? licensee corporate franchise joint venture wholly owned subsidiary
Answer
Brief Explanations:
A licensee is a party that has been granted rights under a license agreement, not a fully - owned subsidiary. A corporate franchise is a business model where a franchisor allows a franchisee to operate under its brand. A joint venture is a business arrangement where two or more parties come together to undertake an economic activity. A wholly - owned subsidiary is a company where 100% of its equity is owned by another entity, which matches the description in the question.
Answer:
D. Wholly owned subsidiary