Hofstede's Dimension of Power Distance Refers to

question 33

Multiple Choice

Hofstede's dimension of power distance refers to

• A) the extent that people think of themselves as members of a group or collective,rather than discrete individuals.
• B) the degree of equality of authority distribution in a given society and its workplaces,and employee expectations related to the same.
• C) a culture's desire for predictability,or the lack of predictability in the workplace and elsewhere.
• D) values such as competition,assertiveness,and achievement versus values like care for the weak and relationships.
• E) the extent to which members of a given society value future planning as opposed to a more immediate short-term perspective.

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Definitions:

SEC

Stands for the Securities and Exchange Commission, which is a U.S. federal agency responsible for enforcing federal securities laws and regulating the securities industry, including stock and options exchanges.

Par Value

The face value of a bond or stock as designated by the corporation at the time of issuance.

Fair Value

An estimate of the market value of an asset or liability, based on current prices in an active market.