Business dealings between people and firms ultimately depend on the [blank].
A)willingness of parties to trust one another
B)perfectly crafted contract
C)ability of all parties to not make errors
D)maximising wealth of shareholders

Question

Quizplus · Accepted Answer

Business dealings are not solely based on the terms of a contract, but also on the willingness of all parties to trust each other. Trust is a crucial factor in business, as it enables parties to work together and meet their mutual goals. Additionally, mistakes are bound to occur in any business transaction, so the ability to trust and work through those mistakes is essential for success. Finally, while maximizing shareholder wealth is an important goal for many firms, it is not the only factor that determines business dealings between parties.

Business Dealings Between People and Firms Ultimately Depend on the [Blank]