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Refer to the scenario below to answer the following questions.
Understanding Hofstede's Cultural Dimensions (Scenario)
Sasha has lived in Toronto her entire life and works at the head office of a large multinational corporation. She has recently become aware of several job openings for management in a number of the company's foreign subsidiaries. As she ponders the prospect of an overseas assignment, she reviews the research of Geert Hofstede to try to understand the cultural differences she would be faced with in each of the foreign subsidiaries.
-One of the countries that Sasha is considering is Japan, where people look to the future and value thrift and persistence. Japan is considered high on which of the following dimensions?
Security Interest Transactions
A legal and financial arrangement where collateral is provided to secure a debt or obligation.
Agreement
A mutual understanding or arrangement between two or more parties, often formalized by a written document.
Perfecting Security Interest
The legal process by which a secured party establishes a priority claim on a debtor's collateral in case of default.
Attachment
A legal procedure by which a court of law, at the request of a creditor, designates specific property owned by the debtor to be transferred to the creditor or sold for benefit of the creditor.
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