According to Hoftstede,power Distance Refers to the Extent to Which

question 52

True/False

According to Hoftstede,power distance refers to the extent to which the less powerful members of organizations and institutions accept and expect that power is distributed unequally.

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Definitions:

Land

An asset representing the ground or property on which a business operates, not subject to depreciation.

Purchase Price

The amount of money paid to buy a good or service. In accounting, it refers to the cost at which an asset is acquired.

Business Site

The physical location or online presence where a company conducts its operations or business activities.

Fixed Asset Turnover Ratio

A financial metric that shows how efficiently a company uses its fixed assets to generate sales, calculated by dividing net sales by average net fixed assets.