The Members of a Particular Society in Rhodia Often Find

question 9

Multiple Choice

The members of a particular society in Rhodia often find it hard to adapt themselves to the changing situations.Therefore,they prefer to follow standard rules and procedures in an attempt to reduce the occurrences of any anxiety causing situations.Which of the following Hofstede's social dimensions is described in the above example?

• A) Uncertainty avoidance
• B) Long- versus short-term orientation
• C) Small versus large power distance
• D) Individualism versus collectivism

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Definitions:

Common Share

A type of equity ownership in a corporation, representing a fraction of the total ownership, where each share entitles the holder to a vote at company meetings and a share in the company’s profits.

Acid-Test Ratio

A liquidity ratio measuring a company's ability to meet its short-term obligations with its most liquid assets, excluding inventory.

Balance Sheet

A report that encapsulates a business's assets, debts, and owner's equity at a certain date.

Financial Leverage

The use of borrowed funds with a fixed cost in an effort to amplify the potential return to shareholders.