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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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Control over cash disbursents is generally more effective when
Misha Larkins [42]

The control over cash disbursements is generally more effective when payments are made by check.

<h3>What is a cash disbursements?</h3>

Also known as cash payment, its refers to the outflow of cash paid in exchange for the provision of goods or services

Hence, the control over cash disbursements is generally more effective when payments are made by check.

Therefore, the Option D is correct.

Missing option a) all bills are paid in cash. b) disbursements are made by the accounts payable subsidiary clerk. c) all purchases are made on credit. d) payments are made by check.

Read more about cash disbursements

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8 0
2 years ago
Felton Co. produces rubber bands for commercial and home use. Felton reported $8 million residual income (RI) with $25 million n
BaLLatris [955]

Answer:

Residual income = Operating income - (r x Asset invested)

            $8 million = $13 million - (r x  25 million)

             $8 million = $13 million - r25 million              

              r25 million = $13 million - $8 million

              r25 million = $5 million

              r                 = $5 million/25 million

              r                 = 0.2 = 20%

            Thus, required rate of return is 20%

Explanation:

In this case, we need to apply the residual income formula. Operating income, asset invested and residual income have been given with the exception of rate of return. Thus, rate of return becomes the subject of the formula.

6 0
4 years ago
A prospective homebuyer submits a signed offer with the condition that the seller pay for the inspection at closing. The seller
evablogger [386]

Answer:

a counteroffer

Explanation:

Based on the information provided within the question it can be said that the original offer is still an offer but as the seller crossed out the provision and returned the offer it has now become a counteroffer. Meaning that it is a new offer with details from the original offer either removed or added, and is now up to the buyer to review and accept this new offer.

5 0
3 years ago
Skoff Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbished
puteri [66]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Refurbishing materials:

Variable cost= $600

Fixed costs= $18,800

Estimated cost= 600*35 + 18,800= $39,800

Actual cost= 600*32 + 18,800= $38,000

Refurbishing activity variance= Estimated - actual cost

Refurbishing activity variance= 39,800 - 38,000= 1,800 favorable

5 0
4 years ago
Firms who are attempting to engage in price discrimination will offer customers with a​ ________ demand a higher price and custo
djyliett [7]

Answer: Less elastic

More elastic

 

Explanation: Price discrimination in simple words is the situation in which  the producer of the commodity charges different prices from different individuals for the same commodity.

If the demand for a particular commodity is less elastic for a consumer, then there is high chance that he will not shift his demand to other product due to high price.

But a more elastic demand suggest that the consumer is not very used to for the product and can shift demand from high prices.

Thus, firms will charge high prices from less elastic customer and low prices from more elastic customers.

3 0
3 years ago
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