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kotykmax [81]
2 years ago
13

In the context of doing business in Asia, what is meant by the phrase "the contract is in the relationship, not on the paper"?

Business
2 answers:
Montano1993 [528]2 years ago
4 0

Available Options are:

a. Asian contracts are not legally binding for MNCs

b. Contacts are ceremoniously destroyed after they are written.

c. Managers risk being offensive to Asians by requiring contracts.

d. Managers should nurture the relationship to ensure the reliability of the contract.

Answer:

Option D Managers should nurture the relationship to ensure the reliability of the contract.

Explanation:

The reason is that better relationships with the suppliers and the customers make it able for the firm to attain the advantages of its business relations with its stakeholders. The better relation brings stakeholder satisfaction and if greater are the stakeholder relationship the greater is the long term value generated.

Nina [5.8K]2 years ago
3 0

Answer:

The correct answer is letter "D": Managers should nurture the relationship to ensure the reliability of the contract.

Explanation:

The phrase:  

"<em>The contract is in the relationship, not on the paper</em>";

while doing business implies that the obligation between the parties does not rely only on what is stated on the contract but in keeping a good relationship. This implies being flexible with what the contract might establish without affecting the other party's interest to keep doing business between them.

In such a way, firms rely on legal and fiduciary relationships.

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Journalize the following merchandise transactions, using the net method under a perpetual inventory system.
Olenka [21]

Answer:

Part a

Debit : Accounts Receivable $18,000

Debit : Cost of Sales $10,800

Credit : Sales Revenue $18,000

Credit : Inventory $10,800

Part b

Debit : Cash  $16,200

Debit : Discount allowed $1,800

Credit : Accounts Receivable $18,000

Part c

Debit : Accounts Receivable $600

Credit : Cash $600

Explanation:

The perpetual method calculates the cost of sales for each transaction made.

See the journals prepared as above

6 0
3 years ago
The plan for how the government will raise and spend money is known as the A. federal treasury. B. spending plan. C. Federal Res
Klio2033 [76]
I believe the answer is d., the federal budget.
4 0
3 years ago
One way that the world bank might experience an adverse selection in its own lending is if __________.
Sloan [31]

Adverse selection describes situations when high-risk persons are more likely to receive insurance or when one bargaining side has important knowledge that the other does not. Our goal is to influence decision-makers, both inside and outside of government, to consider the future and adopt long-term plans.

When vendors and/or purchasers have different knowledge about a certain component of a product's quality, this is referred to as adverse selection. Thus, those who work in hazardous environments or lead high-risk lives are more likely to buy life or disability insurance, knowing that they will likely be able to use it.

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1 year ago
The difference between the economic impact upon a municipality by a convention center as opposed to a stadium or arena built for
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Increased presence of visitor spending

I hope that helped
5 0
3 years ago
Bledsoe Company received $15,000 cash from the issue of stock on January 1, 2013. During 2013 Bledsoe earned $8,500 of revenue o
kati45 [8]

Answer:

Total assets is increased by $18,100

Explanation:

The computation is shown below:

= Cash received from the issue of stock + revenue earned on account - cash paid for operating expenses

= $15,000 + $8,500 - $5,400

= $18,400

This positive amount shows that there is an increase in the total assets for $18,100

The cash collected from the account receivable is not relevant. Hence ignored it

5 0
2 years ago
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