List the Four Dimensions of Cultural Values as Given by Hofstede

question 4

Essay

List the four dimensions of cultural values as given by Hofstede.

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Definitions:

Accounting Changes

Amendments in accounting principles, estimates, or the reporting entity that affect the financial statements of a company.

Reported Earnings

Reported earnings refer to the net income of a company as stated in its income statement, in compliance with the relevant accounting standards.

Seizure of Collateral

The act of a lender taking possession of the collateral pledged against a loan in the event of default by the borrower.

Breach of Covenant

The violation of a term or condition set in a contractual agreement or bond covenant.