According to Geert Hofstede, the Dimension of Power Distance Refers

question 106

Multiple Choice

According to Geert Hofstede, the dimension of power distance refers to:

• A)the extent to which society relies on formalized procedures to address situations that arise in daily life.
• B)the perceived obligation to and dependence on groups.
• C)short-term versus long-term orientation.
• D)the extent to which dominant values are male oriented.
• E)the willingness to accept social inequality as natural.

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Definitions:

Straight Life

In the context of life insurance, a straight life policy offers a guaranteed death benefit and lifetime coverage with fixed premium payments.

Universal Life

A type of flexible permanent life insurance that offers the low-cost protection of term life insurance as well as a savings element, which is invested to provide a cash value buildup.

Protection

Measures taken to safeguard something or someone against harm or damage.

Life Insurance

A contract between an insurer and a policyholder in which the insurer pays a designated beneficiary a sum of money upon the death of the insured person.