_____ Identified Four Cultural Dimensions That Can Have a Profound

question 15

Multiple Choice

_____ identified four cultural dimensions that can have a profound impact on the business environment: individualism/collectivism, power distance, uncertainty avoidance, and masculinity/femininity.

• A)Milton Friedman
• B)Abraham Maslow
• C)Adam Smith
• D)Geert Hofstede
• E)John Maynard Keynes

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Definitions:

Merchant

An individual or company engaged in the business of selling goods or services.

Window Casings

Architectural elements surrounding a window to frame it, providing aesthetic and functional benefits such as support and insulation.

Statutory Irrevocability

A legal provision or condition set by statute that cannot be revoked or undone by the parties involved once established.

Windfall Theory

Windfall theory suggests that unexpected, unearned, or sudden gains (windfalls) in wealth can have various effects on individuals’ behavior, the economy, or market dynamics.