James Abercrombie Has a Thriving Consulting Firm Specializing in Training

question 37

Multiple Choice

James Abercrombie has a thriving consulting firm specializing in training boards of directors in decision-making skills. Mr. Abercrombie has had striking success in reducing conflict and hostility among directors and allowing boards to develop more cohesiveness. Mr. Abercrombie is considering expanding his consulting practice overseas. Which of the following statements is most likely to be TRUE?

• A)Mr.Abercrombie will have a large market in Japan because the culture highly values consensus decision making.
• B)Japanese firms will have little interest in Mr.Abercrombie's specialty because these skills are already practiced at a high level.
• C)German firms will not be interested in Mr.Abercrombie's services because the German system of decision making is based on authority and few conflicts emerge.
• D)Mr.Abercrombie should find significant need for his services in companies in transitional economies.

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Definitions:

Negotiates

The process of discussing and reaching a mutual agreement between parties, often involving the terms and conditions of a contract.

Delivery

The act of transporting goods from one location to another.

HDC Status

Stands for "Holder in Due Course" status, a legal term indicating a party has acquired a negotiable instrument in good faith and without notice of any defect.

Good Faith

The honest intent to act without taking an unfair advantage over another party, characterized by honesty and fairness in dealings.