What is a keiretsu?
What will be an ideal response?
A keiretsu is a network of suppliers who become part of a company coalition. It is part collaboration, part purchasing from a few suppliers, and part vertical integration. Usually the suppliers are partially owned or debtors to the purchasing organization. This structure is quite common in Japan.
Business
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What is the rationale for having a special limit of liability on for example a stamp collection?
A) There is no limit on the liability for a stamp collection. B) To prevent moral hazard C) It is difficult to determine the amount of loss. D) Both B and C
Business
A master budget consists of various budgets that collectively express the company's future activities
Indicate whether the statement is true or false.
Business