With Reference to the Hofstede's Framework, a Class or Caste

question 55

Multiple Choice

With reference to the Hofstede's framework, a class or caste system that discourages upward mobility is more likely to exist in a nation that scores ________.

• A) high on individualism
• B) low on masculinity
• C) high on power distance
• D) low on uncertainty avoidance
• E) high on long-term orientation

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Definitions:

Equilibrium Level

When market demand matches supply, it results in stable pricing, indicating a state of balance.

Competitive Market

A market structure characterized by a large number of buyers and sellers, where each has a negligible impact on the market price.

Commodity X

A placeholder term for any standard, interchangeable good traded in bulk on the commodities market.

Advanced Analysis

Complex investigative procedures and techniques used to delve deeper into data, statistics, or economic trends to extract insights, patterns, or solve problems.