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RoseWind [281]
3 years ago
10

Geert Hofstede undertook what is probably the most famous study of how culture relates to values in the workplace. Through his r

esearch in the late 1960s and early 70s, he was able to isolate four dimensions that he claimed summarized different cultures: power distance, individualism vs. collectivism, uncertainty avoidance, masculinity vs. femininity, and, later, Confucian dynamism. How a society's culture affects the values found in the workplace is considerably important to an international business with operations in different countries. Management processes and practices may need to vary according to culturally determined work-related values.
Decide which dimension of Hofstede's cultural values is represented.

a. Ming
b. Ben
c. Elena
d. Jiro
e. Bill

1. Power Distance
2. Individualism/ Collectivism
3. Uncertainty Avoidance
4. Masculinity/ Femininity
5. Time Orientation
Business
1 answer:
polet [3.4K]3 years ago
6 0

Answer:

a. Ming - Power Distance

b. Ben - Individualism and Collectivism

c. Elena - Uncertainty Avoidance

d. Jiro - Masculinity / Femininity

e. Bill - Time Orientation

Explanation:

Ming has shown characteristics of power distance as she considers herself to be superior of others. There is unequal distribution of power and Ming accepts it. Ben is more towards freedom and he does not want any one to interfere in his matters. Elena is a risk averse person who does not takes risk and follows the same routine everyday in order to avoid any uncertainty.

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Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Purchasing cost= $150,000.

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1) Straight-line:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (150,000 - 12,000)/5= 27,600

<u>2020:</u>

Annual depreciation= (27,600/365)*92 days= $6,956.71

2) Units of activity:

Annual depreciation= [(original cost - salvage value)/useful life of production in units]*units produced

Annual depreciation= [(150,000 - 12,000)/10,000]*1.700= $23,460

3) Double-declining balance:

Annual depreciation= 2*[(book value)/estimated life (years)]

Annual depreciation= 2*27,600= 55,200

<u>2020:</u>

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3 years ago
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Answer:

c)  understand the parts of the firm's operation that create value and those that do not.

Explanation:

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Value chain represents the internal activities a firm engages in when transforming inputs into outputs.

Value chain analysis is a strategy tool used to analyze internal firm activities. Its goal is to recognize, which activities are the most valuable (i.e. are the source of cost or differentiation advantage) to the firm and which ones could be improved to provide competitive advantage. In other words, by looking into internal activities, the analysis reveals where a firm’s competitive advantages or disadvantages are. The firm that competes through differentiation advantage will try to perform its activities better than competitors would do. If it competes through cost advantage, it will try to perform internal activities at lower costs than competitors would do. When a company is capable of producing goods at lower costs than the market price or to provide superior products, it earns profits.

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Answer:

If effective, such a price floor would be <u>above</u> the market price and would lead to a <u>excess supply</u>.

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