Which of the Following Is True About Culture

question 5

Multiple Choice

Which of the following is true about culture?

• A)Culture increases agency costs
• B)Culture reduces bargaining costs
• C)Culture reduces transactions costs
• D)Culture increases economic costs
• E)culture has no effect on costs

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Definitions:

Different Skills

Various abilities and competencies that individuals may possess or require across diverse tasks or occupations.

Variety

The inclusion of multiple different elements or types in a situation or collection.

Organizational Environment

The collection of external and internal factors that influence an organization's operating situation, including economic, political, regulatory, and cultural conditions.

Social Characteristics

Attributes that define the social aspects of individuals or groups, including age, gender, ethnicity, social class, and cultural background.