According to Hofstede,cultures That Have Many Strict Rules and Laws

question 21

Multiple Choice

According to Hofstede,cultures that have many strict rules and laws with lots of security and safety measures and that tend to hold only one philosophical or religious belief are high in __________.

• A)individualism.
• B)power distance.
• C)masculinity.
• D)uncertainty avoidance.

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Definitions:

Cycle Inventory

The inventory a company needs to meet its average sales demand between the arrival of stock replenishments.

Total Cost

The complete cost of production or providing a service, including fixed and variable costs.

Cycle Inventory

The average inventory a business maintains to satisfy its normal demand during a production or purchasing cycle.

Economies of Scale

Cost advantages obtained by businesses when production becomes efficient, leading to lower per-unit costs.