Which of the Following Is True About Uncertainty Avoidance

question 115

Multiple Choice

Which of the following is true about uncertainty avoidance?

• A) Nations that are low in uncertainty avoidance will be slower to adopt product innovations.
• B) The price-quality relationship is not as strong among cultures with high uncertainty avoidance.
• C) Consumers in high-uncertainty-avoidance cultures are slower to buy products that are perceived to be scarce.
• D) Consumers from low-uncertainty-avoidance cultures demand greater amounts of product information and explanation.
• E) Superstitions and myths play a bigger role among cultures low in uncertainty avoidance.

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Definitions:

Enlightened Self-interest

The understanding that actions which appear to benefit others can also indirectly benefit oneself, leading to outcomes that are advantageous for all parties involved.

Classical Economic

A school of thought in economics that emphasizes the importance of free markets, competition, and the self-regulating nature of economies.

Socioeconomic

Relating to or concerning the interaction of social and economic factors.

Philanthropic

Relating to the act of giving money, goods, time, or effort to support a charitable cause, usually over an extended period of time and to further a social good.