Individualistic Countries Are Generally Achievement-Based Cultures, Are Usually Masculine, with High

question 52

True/False

Individualistic countries are generally achievement-based cultures, are usually masculine, with high power distance, and affective culture, although time orientation varies greatly.

---

Definitions:

Contract Frustration

A legal principle that releases both parties from their contractual obligations when an unforeseen event renders the contract physically or commercially impossible to perform.

Commission Payment

A method of remuneration for services or facilitating transactions, typically calculated as a percentage of the transaction value.

Non-refundable Deposit

A sum of money paid in advance as part of a total payment that is not returned, regardless of whether a service or product is ultimately provided.

Pre-estimate Damages

Pre-estimate damages are compensation amounts agreed upon by parties involved in a contract, to be paid if one party breaches the contract.