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In Addition to Hofstede's First Dimensions (Uncertainty Avoidance, Power Distance

question 32

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In addition to Hofstede's first dimensions (uncertainty avoidance, power distance, and collectivism) , the GLOBE project included the following additional cultural
Dimensions except:


Definitions:

Returns to Scale

The rate at which output changes if the scale of all inputs is changed by the same proportion.

Output Level

The amount of product or service that is produced by a company or an economy at a given time.

Isoquants

Curves representing combinations of inputs which yield the same level of output in production theory, illustrating technical substitution and factor combinations.

MRTS

Marginal Rate of Technical Substitution; the rate at which one input must increase when another input decreases to keep output constant.

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