What Is the System of "Guanxi" Used in China

question 84

Multiple Choice

What is the system of "guanxi" used in China?

• A)It refers to a system by which business people attempt to avoid strict Chinese regulations.
• B)It refers to a system of strict ethical rules.
• C)It refers to a system of smuggling.
• D)It refers to a prohibition against criticism of government rules and regulations.
• E)It refers to a system of relationship building woven together by social ties.

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Definitions:

Reporting Requirements

Specific guidelines and regulations dictating the financial and operational information that organizations must compile and present.