Stephanie also expects participants to ask: "Are the Chinese as formal and business-oriented as Americans are?" Which of the following would most likely be Stephanie's response?

A) The Chinese operate very much like Americans, for them business is more important than pleasure.
B) The Chinese dislike guessing games; give them your sales pitch right away and let the meeting develop.
C) Don't overlook the importance of personal relationships; friendship comes before business.
D) The Chinese are very flexible and will easily adapt to your culture's way of doing business.

C

Business

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I payment terms addendum regarding a land contract states that the buyer will cash out the seller in five years. This means that:

A. The buyer and seller will sign a new land contract in 5 years B. The buyer will pay off the principal balance as a balloon payment at the end of 5 years C. The buyer will begin making payments on the property in 5 years D. The buyer will make amortize payments with the intent of paying off the land contract over 5 years

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In some collective bargaining agreements the union agrees

a. to protect the employer's property during a strike. b. to facilitate the proper maintenance of machinery during a strike. c. not to interfere with management and supervisory personnel entering and leaving the plant during a strike. d. All of the above.

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