Scenario: Stephanie Wong Chinese-American Stephanie Wong Owns a Consulting Business That Advises Clients

question 176

Multiple Choice

Scenario: Stephanie Wong
Chinese-American Stephanie Wong owns a consulting business that advises clients as they expand into China. Wong is preparing to lead a symposium on entering China for small and mid-sized exporters and is preparing by answering the following questions that symposium participants might ask.
-Should we avoid discussing our families and spouses?

• A) Absolutely, family is kept completely separate from business in China.
• B) Yes, because it is considered very rude for businesspeople to discuss family.
• C) No, Chinese businesspeople may invite business partners to family functions.
• D) It's fine to discuss family, but never agree to go to a business partner's house.

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Definitions:

Capital

Financial assets or the financial value of assets, such as cash, properties, and machinery, used in a business to generate wealth.

Inflation-Adjusted

Inflation-adjusted refers to financial figures that have been modified to account for the effects of inflation, providing a more accurate comparison over time.

Nominal Rate

The interest rate stated on a loan or financial product, not adjusted for inflation, representing the face value of the interest charged or earned.