Geert Hofstede Has Developed a Framework Consisting of Five Dimensions

question 87

Multiple Choice

Geert Hofstede has developed a framework consisting of five dimensions for understanding the management implications of broad differences in national cultures. Which of the following accurately identifies these five dimensions?

• A) Political distance, uncertainty avoidance, utilitarianism-collectivism, masculinity-femininity and time orientation
• B) Power distance, uncertainty avoidance, individualism-collectivism, masculinity-femininity and time orientation
• C) Location, certainty avoidance, individualism-collectivism, masculinity-femininity and religious tradition
• D) Power distance, certainty avoidance, individualism-utilitarianism, masculinity-femininity and religious tradition
• E) Power distance, uncertainty avoidance, individualism-collectivism, totalitarianism-decentralisation and economic opportunities

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Definitions:

Total Manufacturing Costs

The complete sum of all expenses directly involved in the production of a product, including direct materials, direct labor, and manufacturing overhead.

Markup

Markup refers to the difference between the selling price of a good or service and its cost, expressed as a percentage over the cost. It is used to cover expenses and generate profit.

Accumulated Depreciation

The total amount of a tangible fixed asset's cost that has been allocated as depreciation expense since the asset was put into use.

Differential Profit

The difference in profit between two business choices, helping in decision-making by highlighting the financial impact of each option.