Which Statement Is Not True About Collectivist Societies

question 20

Multiple Choice

Which statement is not true about collectivist societies?

• A) People are born into extended families or in-groups, which contribute to protect the in exchange for loyalty.
• B) People are expected to act in their own interests.
• C) There are mutual obligations with strong loyalty on the part of the employee connected to an employer's commitment for protection and security in return.
• D) Relationships between the employer and employees in the workplace is seen as a family relationship.

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Definitions:

Actual Value

The true or market value of an asset, not influenced by any external conditions, often used in financial and appraisal contexts.

Preemptive Rights

Rights that allow existing shareholders to purchase additional shares before new shares are offered to the public, to maintain their proportionate ownership in the company.

Rights Offering

A corporate event in which a company offers existing shareholders the opportunity to buy additional shares directly from the company at a discounted price, typically to raise capital.