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How do defined-contribution plans differ from defined-benefit plans?
National Culture
The set of norms, behaviors, beliefs, and customs that exist within the population of a sovereign nation.
Geert Hofstede
A Dutch social psychologist known for his research on the comparisons of cultures across nations, leading to the development of his cultural dimensions theory.
Human Resources Management (HRM)
The strategic approach to the effective management of people in an organization, ensuring their contribution towards the achievement of the organization's goals.
Geocentric Company
A business that adopts a global approach in its operations and personnel practices, ignoring national boundaries.
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