Which of the Following Is a Feature of Individualistic Cultures

question 85

Multiple Choice

Which of the following is a feature of individualistic cultures?

• A) It has flatter pay structures.
• B) It exhibits greater differences between the highest and lowest pay in the organization.
• C) It emphasizes on organizational rather than individual performance.
• D) It involves collective decision making.
• E) It has compensation systems based on fixed pay according to seniority.

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Definitions:

MC

Marginal Cost, the increase or decrease in the total cost of a production run for making one additional unit of an item.

AFC

Average Fixed Cost represents the fixed expenses of a firm divided by the quantity of output produced.

Variable Inputs

Inputs or resources whose usage level can be changed in the short term to match the level of production output.

Property Resources

Physical and intangible entities that generate economic value owned by individuals or companies.