Lester Thurow omitted a fourth kind of capitalism—that is common in Chinese cultures. Its distinguishing characteristics are a more entrepreneurial approach and an emphasis on guanxi as the coordinating principle among firms. In this context, the term guanxi refers to .

A) a focus on community building

B) the formation of trade unions

C) state capitalism

D) a feudal-capitalist nexus

E) an emphasis on one's network of personal connections

The blumer company entered into the following transactions during 2012: 1. the company was started with $22,000 of common stock issued to investors for cash. 2. on july 1, the company purchased land that cost $15,500 cash. 3. there were $700 of supplies purchased on account. 4. sales on account amounted to $9,500. 5. cash collections of receivables were $5,500. 6. on october 1, 2012, the company paid $3,600 in advance for a 12-month insurance policy that became effective on october 1. 7. supplies on hand as of december 31, 2010 amounted to $225. the amount of cash flow from investing activities would be: