A Value Characterised by People's Intolerance for Uncertainty and Ambiguity

question 114

Multiple Choice

A value characterised by people's intolerance for uncertainty and ambiguity and resulting support for beliefs that promise certainty and conformity is referred to as a(n) :

• A) power distance
• B) uncertainty avoidance
• C) certainty avoidance
• D) long-term orientation
• E) None of these choices.

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Definitions:

Available-For-Sale Securities

Financial assets not classified as held-to-maturity or trading securities, and thus can be sold in the short term for liquidity purposes.

Fair Value

The estimated price at which an asset or liability could be traded in a fair transaction between willing parties.

Balance Sheet

A financial report that provides a snapshot of a company's financial position by listing its assets, liabilities, and equity at a particular point.

Outstanding Voting Stock

The total shares of a corporation's stock that are currently owned by shareholders, including those with voting rights.