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kotykmax [81]
3 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]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:  

"<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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Campbell Transport Company divides its operations into four divisions. A recent income statement for its West Division follows.
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Answer:

Explanation:

1) Revenue  $540,000

less: Salaries for drivers  (390,000)

Fuel expense  (54,000)

insurance  (74,000)

Division line  (44,000)

Net loss  (22,000)

If division is eliminated the income would increase by $22,000

So it should be eliminated.

2) Decrease in income = $600,000 - ($540,000+$22,000)

= $38,000

3) What is the minimum amount of revenue required = 600,000 - 38,000 = $562,000

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Lowering the interest rate will:A. decrease spending on new homes. B. decrease spending on consumer durables. C. decrease the va
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D: increase investment projects by firms

Explanation:

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If people believe their rights are being violated, they have the right to a fair and impartial hearing. This reflects the basic
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If the domestic demand curve is Equal 20p Superscript negative 0.5​, the domestic supply curve is Equal 5p Superscript 0.5​, and
pishuonlain [190]

Answer:

$52

$ 1.33

  • consumer price will increase
  • consumer surplus will decrease
  • import will decrease
  • reduced export
  • portends gloom for the general outlook for the economy

Explanation:

Given domestic demand curve, S(p) = 20p⁻⁰°⁵

the domestic supply curve S(p)= 5p⁰°⁵

world price is ​$7.00

using  calculus to determine the changes in consumer​ surplus

by consumer surplus means in this case supply exceeds demand

we establish the equilibrium point where the supply and demand functions meet or are equal

solving 20p⁻⁰°⁵ = 5p⁰°⁵

     20/5 = p⁰°⁵/p⁻⁰°⁵

       4 = p⁰°⁵⁺⁰°⁵

      4= p = q which is the quantity produced

     

consumer surplus =  maximum price willing to pay - Actual price

                             = ∫⁴₀  dp dp - p* q

                               =  ∫⁴₀20p⁻⁰°⁵ dp- 7* 4

                              = 20∫⁴₀p⁻⁰°⁵ dp -28

                              = 20/0.5 p⁰°⁵- 28

                              = 40 *4⁰°⁵ - 28 =  $52

producer surplus = it is a measure of producer welfare. It is measured as the difference between what producers are willing and able to supply a good for and the price they actually receive

thus  producer  surplus = p* q - ∫⁴₀  d(s) dp

                                         = 7 * 4 - ∫⁴₀  5p⁰°⁵  dp

                                         = 28 - 5 ∫⁴₀   p⁰°⁵    dp

                                         = 28 -5 *2/3  p¹°⁵  

                                          = 28 -5 *2/3  4¹°⁵

                                          =$ 1.33

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  • consumer surplus will decrease
  • import will decrease
  • reduced exports
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