Otis Elevator Became a Joint Venturer with the Government of South

question 29

Essay

Otis Elevator became a joint venturer with the government of South Vietnam,with a 70/30 profit split.The Vietnamese government then imposed a rule that allowed it to take 90% of all profits earned in Vietnam.Does Otis have any rights to return to the 70/30 split?

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Definitions:

Expression

A mathematical phrase that can include numbers, variables, and operation symbols but doesn’t have an equal sign.

Solution

The result obtained from solving an equation or problem.

Expression

A combination of numbers, variables, and operators (such as +, –, ×, ÷) that represents a quantity.

Simplify

The process of altering an expression into its most basic form or version, usually by combining like terms and applying mathematical operations.