Which of the Following Is/are True Regarding Cultures and Strategic

question 31

Multiple Choice

Which of the following is/are true regarding cultures and strategic choices?

• A) Managers in high power distance countries have a greater penchant for centralized authority
• B) Solicitation of subordinate feedback and participation is a sign of weak leadership in high power distance countries
• C) Managers in low uncertainty avoidance countries rely more on experience and training
• D) All of the above

---

Definitions:

Profit

The financial gain obtained when the amount earned from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Industry Supply

The total output of goods or services that firms in a specific industry are willing and able to sell at various prices, over a certain period.

Industry Demand

The total demand for all the products or services produced by a particular industry.

Positive Profits

Earnings that occur when a company's total revenues exceed its total costs, indicating financial gain from its operations.