Legitimacy Is the Extent to Which the People (Or the "Governed")

question 6

Essay

Legitimacy is the extent to which the people (or the "governed") afford the government the authority and right to exercise power. Contrast the current government in the United States with that of North Korea. Do the two differ significantly in their level of legitimacy? If so, why do you feel that there is a difference, and what could be done to make the two countries more similar in regard to legitimacy?

Understand ritual behaviors and their significance in cultural practices.

Distinguish between individualism and collectivism and masculinity and femininity in cultural dimensions.

Explain the significance of myths in conveying cultural truths and shaping consumer perceptions.

Discuss Hofstede’s five cross-cultural values and their relevance to marketing strategies.

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Definitions:

Per Annum

A Latin term meaning "per year," often used in financial contexts to describe rates or amounts calculated over a yearly basis.

Invested

Invested refers to the allocation of resources, usually money, into a financial venture with the expectation of receiving future returns.

Per Annum

Annually; indicating the occurrence, rate, or amount in a year.

Maturity Value

The amount payable to an investor at the end of a fixed-term investment including principal and interest.