In His Studies,Hofstede Isolated Four Dimensions That He Claimed Summarized

question 116

Multiple Choice

In his studies,Hofstede isolated four dimensions that he claimed summarized different cultures.These were:

• A) individualism versus collectivism, power distance, tolerant versus intolerant, and aggressive verses passive
• B) uncertainty avoidance, masculinity versus femininity, individual versus group oriented, forward versus reserved
• C) aggressive verses passive, tolerant versus intolerant, power distance, and individual versus group oriented, junior versus senior
• D) uncertainty avoidance, masculinity versus femininity, innovative versus stereotypical, forward versus reserved
• E) power distance, individualism versus collectivism, uncertainty avoidance, and masculinity versus femininity

Comprehend the importance and use of economic measures in comparing economies.

Identify the scope of macroeconomics including its tools and objectives.

Understand economic variables and their measurement in time frames.

Recognize the impact of economic policies on national and global economic performance.

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Definitions:

Line of Credit

A flexible loan from a bank or financial institution that allows a borrower to draw and use funds up to a designated limit.

Field Warehouse

A storage facility that is used to store goods that are under the control of a financing company until the loan secured by those goods is repaid.

Loan Against Inventory

A type of financing where a loan is given to a company based on the value of its inventory which serves as collateral.

Line of Credit

An arrangement between a financial institution and a client that establishes a maximum loan balance that the borrower can access.