Generally, How Do the Japanese Tend to View Contracts

question 83

Multiple Choice

Generally, how do the Japanese tend to view contracts?

• A) The Japanese see relationships only as business deals and keep each other at arm's length.
• B) The Japanese tend to view contracts as relationships in which parties work with each other to smooth out any problems that arise in performance.
• C) The Japanese want long and very detailed contracts.
• D) The Japanese have no flexibility in their contracts.
• E) The Japanese do not desire that any terms be left to be decided later.

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Definitions:

Straight-Line Depreciation

A method of calculating depreciation of an asset, where the expense is evenly spread over its useful life.

Initial Investments

The initial capital outlay required to start a business, purchase assets, or invest in securities.

Income Tax Rate

The tax rate applied to the income of companies or individuals.

After-Tax Discount Rate

A discount rate that takes into account the effect of taxes when evaluating the net present value of investments or projects.