The Chinese Concept of Guanxi Is

question 37

Multiple Choice

The Chinese concept of guanxi is:

• A)a set of exchanges of favours to establish trust.
• B)a trust system used by Chinese criminals.
• C)the belief that business partnerships can be built on marriage between business heirs.
• D)the preference to use family members as business partners.

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Definitions:

Growth

The process of increasing in size, amount, value, or importance.

Equity Theories

A set of theories in psychology and organizational behavior that focus on the principles of fairness and justice in social relationships, particularly in the workplace.

Social Exchange

A theory in social science that proposes human interactions are based on the exchange of goods, services, information, or emotional support, where the goal is to maximize benefits and minimize costs.

Motivation

The driving force that initiates and directs behavior toward achieving a goal.