How Does the Cultural Value of Collectivism Explain the Status

question 50

Multiple Choice

How does the cultural value of collectivism explain the status of auditors in Japanese society?

• A)Collectivism places great importance on individual responsibility, giving auditors a high status in Japanese society.
• B)Since outsiders are not trusted in the Japanese culture, independent auditors in Japan do not enjoy the status of American auditors.
• C)As individual achievement is a hallmark of collectivism, auditors are commonly found at the top of Japanese corporations.
• D)Collectivism values the ability of individuals to collect resources for themselves, so auditors who achieve distinction in their profession are highly regarded.

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Definitions:

Fixed Costs

Fixed outgoings, including rent, salaries, and insurance, that are unaffected by production or sales volumes.

Net Income

The total earnings or profit of an individual or business after deducting expenses and taxes.

Net Income

The total profit of a company after all expenses and taxes have been subtracted from total revenue.

Variable Costs

Expenses that vary in relation to the amount of product or service produced by a company.