When the Degree of Power Distance in a Particular Culture

question 17

Multiple Choice

When the degree of power distance in a particular culture is ______,people tend to allow more inequalities and transform to their own benefits.

• A) high
• B) low
• C) equal
• D) usual

---

Definitions:

Inventory Cycle

The process or time frame from when inventory is acquired to when it is sold, highlighting inventory management efficiency.

Financing Receivables

A type of financial activity where a company uses the money it is owed from customers (accounts receivable) as collateral for a loan.

Discount Period

The time span between the present date and the maturity date of a bill of exchange or other negotiable instrument during which it is sold at below its face value.

Credit Period

The time frame between when a purchase is made and when the payment for that purchase is due, without incurring any interest.