Dutch researcher Geert Hofstede identified four cultural dimensions by studying data on IBM employees from dozens of countries.
The original theory has four dimensions along which cultural values identified as:
- individualism-collectivism
- uncertainty avoidance
- power distance in social hierarchy
- masculinity-femininity
Hofstede's theory is used to understand the differences in cultures round the globe. He started this model on the basis of dissimilarities in values and beliefs relating work goals. The aim of this model was to determine the dimensions in which cultures vary from each other . It is important because it gives useful information regarding variances between countries' culture, values and beliefs and how to manage such cultural differences".
To learn more about Hofstede's Theory,
brainly.com/question/14453085
#SPJ4
Answer:
A binding price floor is set above the equilibrium price as a minimum price
A binding price ceiling is set below the equilibrium price as a maximum price
Equilibrium price is $1.50
a) The government prohibits donut shops from selling donuts for more than $1.10 each = Price ceiling and it is Binding
b) The government has instituted a legal minimum price of $1.80 each for donuts = Price Floor and it is Binding
c) Due to new regulations donut shops that would like to pay better wages in order to hire more workers are prohibited from doing so = Price ceiling and it is non-binding (as firms are wiling to offer higher wages than the minimum wage rate)
Explanation:
The correct answer to this open question is the following.
It is true that the UK Premier League Football Players are all wearing armbands that read "say no to racism". This is important for them to do because this shows the union and solidarity they have with the terrible issue of racism in the world. Let's remind us that racism is not only a severe problem in the United States. Racism is an issue in many different parts of the planet.
The effect that this has on people who are watching the games is powerful because this sends a powerful message of unity. In the UK Premier League, there are people from different nations: Europeans, Africans, Mexicans, Latin Americans, and more.
So when people watch this symbol of solidarity among players, this invites people to reflect on how they can participate in the solution of racism in their countries and cities.
