Compared to low-context cultures, high-context cultures tend to take a ________ approach regarding the meaning of business contracts
A) less flexible
B) more literal
C) more flexible
D) more aggressive
E) less literal
Answer: C
Explanation: C) High-context cultures focus more on relationships than results. This makes them less explicit and less rigid in their negotiations, and therefore more flexible.
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Carter bought 10 acres of vacant land for $20,000 per acre, making a cash down payment of $20,000, and executing a straight note and a blanket deed of trust for the balance. As a part of the note, the lender agreed that when Carter made an additional payment of $20,000 on the principal, the trustee would issue a partial reconveyance for one acre. Carter has paid a total of $40,000 on the note and now owns two acres free and clear. The percentage of his equity in the encumbered property:
A: Has been eliminated; B: Remains the same; C: Has increased; D: Has decreased.
Commercial banks advise firms on major transactions such as mergers or financial restructurings
Indicate whether the statement is true or false