Large Power Distance as a Cultural Value Implies That

question 31

Multiple Choice

Large power distance as a cultural value implies that

• A) people have a preference for a loosely knit social framework in society.
• B) people accept a hierarchical order.
• C) people strive for power equalization and demand justification for power inequities.
• D) people maintain a relaxed atmosphere in which practice counts more than principles and deviance is more easily tolerated.

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Definitions:

Demand Price

The price at which consumers are willing to buy a specific quantity of a good or service at a given time.

Supply Price

The minimum price at which a producer is willing to sell a particular quantity of a good or service.

Price Ceiling

A legal maximum price that can be charged for a good or service.

Producer Surplus

The differentiation between the amount at which producers are content to sell a good or service and their actual revenue.