O'Reilly Ltd. incorporated O'Reilly R&D Co. to conduct research and development activities. O'Reilly R&D is a(n) ________.

A) associated company
B) joint venture
C) structured entity
D) passive investment

Structured Entity

A financial entity designed to segregate certain risks, assets, or activities, often used in complex financial structures to achieve specific objectives.

Joint Venture

A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task or project.

Associated Company

A firm in which another company owns a significant stake but not a controlling interest, usually between 20% and 50% of the voting shares.