What Is the Practical Conclusion from Geert Hofstede's 40-Country Study

question 158

Multiple Choice

What is the practical conclusion from Geert Hofstede's 40-country study?

• A) Japanese management practices will likely fail in North America
• B) American management practice traces to Northern Europe
• C) Management theory and practice need to be adapted to the local culture
• D) American management theory and practices are applicable worldwide
• E) Japanese management is superior

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Definitions:

Consolidated Buildings

Consolidated buildings involve the aggregation of building assets owned by a parent company and its subsidiaries for financial reporting purposes.

Acquisition Business Combination

A transaction or deal where one company purchases or merges with another company to expand its business operations.

Fair Values

An estimate of the market value of an asset or liability based on current conditions rather than historical cost.

Common Stock

Type of equity ownership in a corporation, providing voting rights and entitling the holder to a share of the company's success through dividends and appreciation of the stock's value.