Which of the Following Is Not True of Japanese Keiretsu

question 46

Multiple Choice

Which of the following is not true of Japanese keiretsu?

• A)promotes risk sharing
• B)promotes long-term employment
• C)ensures low prices for Japanese consumers
• D)blocks foreign suppliers from the Japanese market
• E)relationships are cemented by bank ownership

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Definitions:

Illegal Contracts

Agreements that are not enforceable by law due to their involvement in illegal activities or because they contravene public policy.

Void

Describes a contract or legal agreement that has no legal force or effect, often because it lacks a necessary element or violates the law.

Illegality

The quality or state of being contrary to law; actions or conditions that are against the law.

Statute Of Frauds

A legal principle requiring certain types of contracts to be written and signed in order to be enforceable.