Power Distance Describes

question 63

Multiple Choice

Power distance describes

• A)the extent to which the less powerful members of organizations and institutions accept and expect that power is distributed unequally.
• B)the extent to which the society is organized around individuals or the group.
• C)the extent to which cultures hold values that were traditionally perceived as masculine or feminine.
• D)the extent to which a culture programs its members to feel either uncomfortable or comfortable in unstructured situations.
• E)None of the above describes power distancE.

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Definitions:

Cash Cycle

The period between the purchase of inventory and the collection of receivables from customers, indicating liquidity.

Discount

A reduction from the usual cost of something.

Cash Sales

Transactions where payment is made in full at the time of the sale, typically in cash or equivalent.

Accounts Receivable Period

The mean period required for a company to collect payments due from its clients.