A Person Seeking and Receiving Help Through a Guanxi Network

question 94

Multiple Choice

A person seeking and receiving help through a guanxi network is

• A)liable to a social sanction if he or she does not reciprocate when called upon.
• B)considered to be disloyal to his or her superiors.
• C)free from reciprocal obligations.
• D)not a follower of Confucian ethics.
• E)hesitant to commit to cooperative ventures.

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Definitions:

Undeposited Funds

An accounting term referring to payments received but not yet deposited in a bank account.

Accounts Receivable

Balances due to a company for goods or services delivered or used but not yet paid for by customers.

Customer Payments

Monies received from customers as payment for goods or services provided by a business.

Subchapter S Corporation

A type of corporation in the United States that meets specific Internal Revenue Code requirements, allowing it to pass income directly to shareholders and avoid double taxation.