In the Context of Doing Business in Asia, What Is

question 70

Multiple Choice

In the context of doing business in Asia, what is meant by the phrase "the contract is in the relationship, not on the paper"?

• A)Asian contracts are not legally binding for MNCs.
• B)Contracts 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.

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Definitions:

Stephen Harper

A Canadian politician who served as the 22nd Prime Minister of Canada, from February 6, 2006, to November 4, 2015, representing the Conservative Party.

Self-Realization

is the process of achieving one's full potential, understanding one's true self, and fulfilling personal aspirations and talents.

Deep Ecology

A philosophical and environmental movement advocating for the inherent worth of all living beings regardless of their utility to human needs, promoting a radical shift in human attitudes towards nature.

Treadmill of Production

A theory suggesting that economic growth and development inevitably lead to environmental degradation due to the incessant need for resource extraction and waste production.