_____ Refers to a Value Characterized by People's Intolerance for Uncertainty

question 42

Multiple Choice

_____ refers to a value characterized by people's intolerance for uncertainty and ambiguity and resulting support for beliefs that promise certainty and conformity.

• A) Power distance
• B) Uncertainty avoidance
• C) Certainty avoidance
• D) Conformity seekers
• E) None of these

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Definitions:

Fixed Costs

Expenses that do not change regardless of the level of production or business activity, such as rent, salaries, and insurance.

Selling Price

The amount of money for which an item is sold, potentially different from listing or cost price due to discounts or negotiations.

Profit

The financial gain achieved when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Net Income

The amount of earnings left over after all expenses and taxes have been deducted from total revenue.