Which of the Following Statements Resembles a Mainstream Australian Cultural

question 15

Multiple Choice

Which of the following statements resembles a mainstream Australian cultural value?

• A)Contracts are often disregarded and not legally binding.
• B) Being on time is important.
• C) Business acquaintances are not possible friends.
• D)Efficiency is measured in terms of costs and benefits.
• E)It is considered best to be dressed formally in a business situation.
• F)The rules of the social class one grew up in should be followed.

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Definitions:

Real Wages

The purchasing power of wages, taking into account the effects of inflation or deflation, which reflects the actual goods and services that wages can buy.

Nominal Wages

The amount of money paid to an employee before adjustments for inflation; the face value of wages.

Real Wage

The purchasing power of wages, taking into account the effect of inflation on purchasing power.

Nominal Wage

The wage paid to employees in current dollars without adjustment for inflation, reflecting the actual amount of money received.