In the context of doing business in Asia, what is meant by the phrase “the contract is in the relationship, not on the paper”

In the context of doing business in Asia, what is meant by the phrase “the contract is in the relationship, not on the paper”?
A. Asian contracts are not legally binding for MNCs.
B. Contracts are ceremoniously destroyed after they are written.
C. Managers risk being offensive to Asians by requiring contracts.
D. Managers should nurture the relationship to ensure the reliability of the contract

MGT 538 FINAL EXAM QUESTION LIST 30 QUESTIONS  (Latest update June 2013

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