Mid-Level Managers in a Country with High Power Distance Are

question 5

Multiple Choice

Mid-level managers in a country with high power distance are ________ than managers from a low power distance country.

• A)less likely to make safe,conservative decisions
• B)more likely to make risky decisions
• C)more likely to disagree with their leaders' decisions
• D)less likely to make risky decisions

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Definitions:

Variable Cost

A cost that changes in proportion to the level of activity or volume of production in a business.

Gross Margin

The difference between sales revenue and the cost of goods sold, expressed as a percentage of sales.

Absorption Costing

A method of inventory costing that includes all manufacturing costs, both variable and fixed, in the cost of a product.

Idle Capacity

The available but unused capacity of a company to produce goods or services without incurring additional fixed costs.