Hofstede's Dimension of Long-Term Vs.short-Term Orientation Refers to

question 51

Multiple Choice

Hofstede's dimension of long-term vs.short-term orientation refers to

• A) the extent that people think of themselves as members of a group or collective,rather than discrete individuals.
• B) the degree of equality of authority distribution in a given society and its workplaces,and employee expectations related to the same.
• C) a culture's desire for predictability,or the lack of predictability in the workplace and elsewhere.
• D) values such as competition,assertiveness,and achievement versus values like care for the weak and relationships.
• E) the extent to which members of a given society value future planning as opposed to a more immediate short-term perspective.

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Definitions:

Economic Theory

A set of principles and frameworks designed to explain and predict patterns in economic activities, consumption, production, and trade, among other aspects.

Reduction in Prices

A decrease in the cost of goods or services, typically resulting from factors like increased supply, decreased demand, or governmental intervention.

Recessionary Conditions

Economic circumstances characterized by a decline in GDP, employment, and trade lasting for a period of time.