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sukhopar [10]
3 years ago
6

Hofstede isolated four dimensions that he claimed characterized the cultures of different countries. Briefly describe each of hi

s four dimensions. Should Hofstede's dimensions be used by managers to determine how cultures differ and what that might mean for management practices?
Business
1 answer:
adoni [48]3 years ago
7 0

<u>Solution and Explanation:</u>

<u>Hofstede's four dimensions are </u>

1)Power distance -It is the degree of inequality among the people of the country.

2)Individualism Vs Collectivism- This is the degree which shows how much people are willing to work as individuals and not as members of groups.

3)Uncertainty avoidance- This is the degree which shows how much people prefer structured and not unstructured situations.

4)Masculinity Vs Feminity-This shows the degree of existence of tough values like competition, success, assertiveness, performance over tender values like warm personal relation,taking care of weak,unity,quality of life etc.

It is necessary for managers to understand cultural differences because managers need to understand their employees better so that they can motivate and lead the employees.Due to cultural differences what managers take as granted may be different in different countries.Good example is Wal- mart's expansion in Mexico.Wal mart constructed large parking lot for the customers which surrounded the stand alone building.

This posed problem because many of the customers travelled by public buses to the store. So they had to walk a long way through parking lot. The culture in Mexico is different from US and people travelled by public transport.Later Wal mart had shuttle buses to carry people to and fro from the store.Cultural differences also mean deeply felt values ,customs which are not always easy to identify.

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The population of the world in 1987 was 5 billion and the relative growth rate was estimated at 2 percent per year. assuming tha
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A = Pe^(rt) 
<span>A = 5e^(0.02)(8) = 5.87 billion </span>
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3 years ago
Suppose that you prefer reading a book you already own to watching tv and that you prefer watching tv to listening to music. if
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<span>The opportunity cost of reading is watching TV.
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Opportunity cost alludes to an advantage that a person could have gotten, yet offered up, to make another course of move. Expressed in an unexpected way, an opportunity cost that shows an alternative given up when a choice is made. This cost is, accordingly, most significant for two totally unrelated occasions.
8 0
3 years ago
etermine the degree of operating leverage for each approach at current sales levels. (Round answers to 2 decimal places, e.g. 2.
viktelen [127]

Answer: $1,376,000.

Explanation:

So, we are given the following data or parameters or information which is going to assist us in solving this question effectively;

(1). The current approach and automated approach for Contribution Margin Ratio is 25 % and 50 % respectively.

(2). The current approach and automated approach for Break-even point in Sales Dollar is $ 1,248,000 and $ 1,312,000 respectively.

(3). The current approach and automated approach for Degree of Operating Leverage is 4.18 and 5 respectively.

(4). The current and automated approach for Decline in net income for a 10 % decline in sales is 41.8 % and 50 %.

(5). The current and automated approach for level of Sales where net income will be same under both options is $ 1,376,000 and $ 1,376,000 Respectively.

(6). The current approach and automated approach for Margin of Safety Ratio is 24% and 20% respectively.

Note that;

(1). BP = TFC / CMR

Where BP= Break-even point in sales dollar, TFC = Total Fixed Cost and CMR= Contribution Margin Ratio.

(2). MSR = ( ASD - BSD) / ASD × 100.

Where MSR= Margin of Safety Ratio,ASD=Actual Sales dollars, BSD= Break-even Sales dollars , and ASD = Actual Sales dollars.

(3). CMR = CM ÷ Sales × 100.

CMR = Contribution margin ratio, CM =Contribution Margin.

(4). DOL = CM ÷ NI.

Where DOL = Degree of Operating Leverage, CM = Contribution Margin and NI = Net Income.

Decline in net income for a 10 % decline in sales = OL x 10.

Where OL => Operating Leverage.

We then say that V = level of sales.

=> V x 25 % - 312,000 = V x 50 % - 656,000.

=> 0.25 V = 344,000.

V = $ 1,376,000.

4 0
3 years ago
A consumer has $180 in monthly income to spend on two goods, D and G, where D is on the y-axis. The price of good D, PD is $6, a
olga2289 [7]

Answer:

The number of units of good G that can be purchased if all income is used to purchase good G is 15 units.

Explanation:

Since D is on the y-axis, indicating G is on the x-axis, the formula for calculating the marginal rate of transformation (MRT) is given as follows:

MRT = - PG / PD …………………. (1)

Where:

MRT = Marginal rate of transformation = -2

PG = Price of good G = ?

PD = Price of good D = $6

Substituting the relevant values into equation (1) and solve for PG, we have:

-2 = - PG / $6

PG = -2 * (-6) = $12

Therefore, we have:

Number units of good G if all income is spent on it = Monthly income / PG = $180 / $12 = 15

Therefore, the number of units of good G that can be purchased if all income is used to purchase good G is 15 units.

7 0
3 years ago
Which resource management activity identifies and verifies that personnel?
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Resource management effectively develops and uses the resources of the organization. Credentialing recognizes and confirms the personnel.

<h3>What is credentialing?</h3>

Credentialing is a process that involves the documentation of the individual of the organization or the corporation so that the true and fair authentication and qualification of the person associated are ensured.

It is an essential function of the management that confirms the skills and requirements of the person that will be an asset to the organization. The qualifications of the person required will be established and can be approved.

Therefore, credentialing is used to determine and affirm.

Learn more about credentialing here:

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