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2 years ago

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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Reg has just purchased a new car. The car had a list price of $22,499, and he was responsible for 7. 96% sales tax, a $2,138 veh

charle [14.2K]

The down payment that would be paid by reg is $2,800.

<h3 /><h3>What is a down payment?</h3>

A down payment is the first partial payment for the purchase of price expensive items or services, such as a car or a house. It is usually paid off in cash or equal at the time of finalizing the transaction. A loan of some kind is then asked to finance the remainder of the payment.

<u>Computation </u><u>of a down Payment:</u>

<u />

According to the question,

The total amount of car would be:

$\text{List Price + Sales Tax + Registration Fee + Documentation Fee}\\\\\$22,499+\$1,791+\$2,138+\$262 = \$26,690.$

r= 10.27%,

$r=\dfrac{10.27}{12\times100}\\\\\\r= 0.00855833$ ,

t= $12\times3\text{Years}=36 \text{Months}.$

Monthly Payment = $773.89.

Let X be the amount of payment that is given in the starting.

$\text{Monthly Payment} = \dfrac{\text{(List Price - x) r }}{1-(1+r)}}\\\\\\\$773.89 = \dfrac{(22,49-\text{x )0.0085533}}{1-(1+0.0085533)}\\\\\text{x}=$23889.84$

The amount of down payment would be:

$\text{Down Payment}=\text{Total Amount - Down Payment}\\\\\\\text{Down Payment}=\$26,690-\$23889.84\\\\\text{Down Payment}=\$2,801 \text{App.}$

Hence, Option D is correct.

Learn more about the down payment, refer:

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2 years ago

What is the major purpose of a bank reconciliation statement?

lara31 [8.8K]

Purpose of a bank reconciliation statement.
A bank reconciliation statement is used to compare your record to those of your bank to see if there is difference between the two sets of records. The ending balance of your version of cash records is known as the book balance while the bank`s version is known as bank balance. It is common for there to be a difference in the two balances. The results to the differences might be due to overdrawn bank account, bounced checks and overdraft fees. It is important for you to check the difference because there might be substantial variance between the amount you think you have and that the bank thinks you have. In some cases the bank may even elect to close down your account.

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3 years ago

Production-based accounting is used to estimate gdp by ____________.

aliina [53]

B.
adding up the incomes received by all the resources that contributed to production.

Or

D.
all of the above.

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2 years ago

Debbie promises to sell Brian a one of a kind baseball card for $1,000. Brian says that he does not have the money right now, bu

const2013 [10]

Answer:

d. Yes, the offeror must be a merchant, pursuant to the UCC definition of merchant.

Explanation:

The Uniform Commercial Code (UCC) establishes that firm offers can only be made by merchants. They also apply only to the sale of goods, but the baseball card is a type of good.

The problem is that Debbie is not probably a merchant. In order for her to be considered a merchant, she would need to be in the business of buying and selling baseball cards on a regular basis.

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3 years ago

The high-income economies of the world contain approximately __________ of the world’s population and produce and consume ______

Annette [7]

The high-income economies of the world include approximately 12% of the world’s population and produce and consume 60% of the world’s GDP.

The gross domestic product stands as a monetary measurement of the market value of all the final goods and services produced in a distinctive period by countries. Due to its complex and subjective nature, this measure exists often revised before being deemed a reliable indicator.

Gross domestic product (GDP) stands for the total monetary or market value of all the finished goods and services constructed within a country's borders in a typical period. GDP measures the worth of the final goods and services produced in the United States (without double counting the middle goods and services used up to produce them).

The high-income economies of the world include approximately 12% of the world’s population and produce and consume 60% of the world’s GDP.

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1 year ago