According to Hofstede's Framework, Individualism Describes the Degree to Which

question 101

True/False

According to Hofstede's framework, individualism describes the degree to which people in a country accept that power in institutions and organizations is distributed unequally.

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Definitions:

Technology Level

A measure of the degree of sophistication and advancement of a society's tools, techniques, and methods of production.

Instability

The condition of being prone to change or fluctuation, often in a way that is unpredictable or potentially harmful.

Factors Efficiently

refers to the optimal allocation and utilization of resources in production to maximize output without wasting resources.

Opportunity Cost

Opportunity cost is the benefit lost when choosing one alternative over another, representing the value of the next best option foregone.