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3 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]3 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]3 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:

"The contract is in the relationship, not on the paper";

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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The _____ is a financial statement that reports the revenues, expenses, and net income or loss that resulted from a firm’s opera

suter [353]

The Income Statement is a financial statement that reports the revenues, expenses, and net income or loss that resulted from a firm’s operations over an accounting period.

Explanation:

The Income Statement is one of the company’s center financial reports that confers their gain and loss over a remarkable time. The gain or loss is circumscribed by practicing all revenues and deducting all liabilities from both working and non-operating exercises.

The income statement is a vital element of a company’s execution reports that need to be yielded to the Securities and Exchange Commission (SEC). An income statement presents worthy insights into a company’s operations, the performance of its management, underperforming areas and its production applicable to industry rivals.

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3 years ago

A machine with a book value of $80,000 has an estimated five-year life. A proposal is offered to sell the old machine for $50,50

34kurt

Answer:

Company should continue with old machine (Alternative 1)

Explanation:

Preparation of a differential analysis dated April 11 on whether to continue with the old machine (Alternative 1) or replace the old machine (Alternative 2)

DIFFERENTIAL ANALYSIS

Continue with old machine(Alternative 1) ; Replace with old machine(Alternative 2); Differential effect on income

REVENUES

Proceeds from sale of machine

$0 $50500 $50500

COSTS

Purchase price $0 -$75000 -$75000

Direct labor -$56000 -$37000 19000

(11200*5 = -56000)

(7400*5 = -37000)

Income (loss) -$56000 -$61500 -$5500

Based on the above differential analysis the Company should continue with OLD MACHINE (Alternative 1)

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3 years ago

It is the custom for paper mills located alongside the Layzee River to discharge waste products into the river. As a result, ope

Paul [167]

Answer:

The supply of the output from the hydroelectric power plants to decrease

Explanation:

As mentioned in the problem statement now an extra task is added to the process of electricity production. This will slow down the output rate of electricity and hence it can be safely concluded that the supply of electricity will decrease.

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3 years ago

DS Unlimited has the following transactions during August.

m_a_m_a [10]

Answer:

See the journal entries below.

Explanation:

The journal entry will look as follows:

Date Account and explanation Debit ($) Credit ($)

Aug 6 Inventory (50 * $100) 5,000

Account payable 5,000

(To record inventory purchased on account.)

Aug 7 Inventory 300

Cash 300

(To record payment of freight charges associated with the August 6 purchase.)

Aug 10 Account payable (5 * $100) 500

Inventory 500

(To record the returns of defective five game devices to GameGirl.)

Aug 14 Account payable (w.1) 4,500

Cash (balancing figure) 4,455

Inventory (w.2) 45

(To record the payment of the full amount due to GameGirl.)

Aug 23 Account receivable (30 * $120) 3,600

Sales revenue 3,600

Cost of goods sold 3,170

Inventory 3170

(To record the Sales and cost of 30 game devices purchased on August 6.)

Workings:

w.1. Account payable = Purchases on account on August 6 - Defective inventory returned on August 10 = $5,000 - $500 = $4,500

w.2. Inventory = Discount received on account payable for paying within 10 days = w.1 * 1% = $4,500 * 1% =$45

7 0

2 years ago

Which fish family have ability to chnge color

Len [333]

1) cutllefish (Sepia officinalis)
2) Solea solea
3) Metasepia pfefferi
4) Platichthys flesus

Many fish change colors, including several species of gobies and groupers. Color changes may be initiated by changes in mood, temperature, and stress in addition to visible changes in the local environment.
Flounder e.g. Hippoglossina oblonga
Syngnathidae (including seahorses)

i don't know the exact answer :(

8 0

3 years ago