Hofstede Added a Fifth Dimension Known as Long-Term Versus Short-Term

question 68

Multiple Choice

Hofstede added a fifth dimension known as long-term versus short-term orientation which was inspired by

• A) Hinduism.
• B) capitalism.
• C) Confucianism.
• D) Christianity.
• E) communism.

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Definitions:

Balance-Of-Trade Deficit

A situation where a country's imports exceed its exports, leading to a negative balance in trade.

Coal

A fossil fuel used primarily for electricity generation and steel production, composed mostly of carbon.

Import Quotas

Import quotas are government-imposed limits on the quantity or value of goods that can be imported into a country, used to protect domestic industries and regulate international trade.

Tariffs

Taxes imposed by a government on imported goods, often to protect domestic industries from foreign competition.