questions

Question 1

decide if the statements are valid or not for mainland china business environment

Answer 1

True: There is a big power distance among people which encludes certain respect to the government.

In business the individuals respect elders and knowledge

False: The burocratic processes are confusing and slow

Question 2

True or false?
Vietnam has strong relationship with Central Eastern European couintries because of formal education system

Answer 2

True

Question 3

The phrase “giving face” describes that…

Answer 3

People in China show respect and give chance for appreciation to others

Question 4

Fill out the blank:
There are regional minimum …. in Vietnam, because of the government regulations

There are several drops in the GDP in Thailand during the last decade, because of ….

Answer 4

Wages
political instability, covid19 and Coup d’états

Question 5

What is the definiton of “budget surplus” in a country?

Answer 5

Budget surplus is when a country’s revenue is bigger than their expenses in a specific time period

Question 6

List reasons why there are business tensions recently in Asia

Answer 6

Historic and political reasons, economic slowdown, wide range in personal income, social unbalances in age gender etc.

Question 7

Foreign business ownership of a thai limited company (ltd) is limited to max 49% of the shares

True or false?

Answer 7

true

Question 8

There is a long term thinking in china which results a modest profit expectation in retail

True or false?

Answer 8

False

Question 9

Put the correct phrase to this sentence:
People in the Philippines are extremely careful to ensure that others do not suffer ….

Answer 9

harassment, embarassement or shame

Question 10

Business characteristics of vietnam

Answer 10

FDI is a top priority
The economy is highly cash dependent
regulations are very complicated

Question 11

business characteristics of thailand

Answer 11

Tourist industry well developed, represents high percentage of gdp
the had five coups d’etat since 1981
real estate prices are extremely high

Question 12

The contracts are valid without any further action than one persons signature in china
true or false

Answer 12

false

Question 13

What is the definiton of “guanxi”

Answer 13

It is a system of business partners, in china this is the group of people that your organization works with and has link and connections with. They believe this is how you can reach your goals