STATEMENT A: A wholly owned subsidiary affords the highest level of control and presents the highest level of risk to a company of all entry mode options. STATEMENT B: Licensing is an international entry mode that involves a licensor, who shares the brand name, technology, and know$-$how with a licensee in return for royalties.

Both statements are true.

Both statements are false.

Statement $A$ is true, statement $B$ is false.

Statement $B$ is true, statement $A$ is false.