Hofstede's Research of National Culture Identifies Country Differences and Similarities

question 26

Multiple Choice

Hofstede's research of national culture identifies country differences and similarities identified 'power distance' as cultural dimension, in cultures with low power distance we see

• A) the expectation that power is distributed quite equally
• B) the acceptance that power is distributed to less powerful individuals
• C) an emphasis on challenging authority and expecting autonomy
• D) all of the above

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Definitions:

Behavioral Finance

A field of study that examines psychological influences and biases on the financial behaviors of investors and financial markets.

Irrationality

A decision-making process that deviates from logic or reason.

Cumulative Breadth

A technical analysis tool that measures the advancing and declining stocks on an exchange to assess market direction.

Bullish

A descriptive term for investor sentiment that believes a particular security or market is heading for an increase in prices.