In the Context of the Dimensions of Country Cultures Developed

question 20

Multiple Choice

In the context of the dimensions of country cultures developed by Dutch scholar Geert Hofstede, a hierarchical society is most likely to have high scores on _____.

• A) the power distance index dimension
• B) the individualism versus collectivism dimension
• C) the long-term orientation dimension
• D) the indulgence versus restraint dimension

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Definitions:

Creditor

An individual or institution that lends money or extends credit to another entity.

Settle

Completing a financial transaction by exchanging the payment of instruments between parties involved.

Discounting

The process of determining the present value of a payment or a stream of payments that is to be received in the future.

Opposite

In the context of numbers, it refers to the additive inverse of a number, which when added to the original number, results in zero.