Question

Hofstede's social orientation refers to the:

respect subordinates have for their superiors

preference towards passivity or agressiveness

extent to which the people tend to be introverted or extroverted

interest members have in the welfare of the group

A distinctive ability that is central to a firm's operations is its:

absolute advantage

comparative advantage

core competency

comity

In Germany and France, accounting rules are set by:

a board of professionals

the practices of large companies

statutory law

GAAP

Answer 1

1. Hofstede's social orientation refers to the interest members take in the welfare of the group.

Social orientation in culture relates to an individual's relative importance and the relativity to the group to which he belongs.

2. A distinctive ability that is central to a firm's operation is its core competency.

Core competency is the ability of the firm to stand distinguised in the market by its skills, resources and other operational inputs.

3. In Germany and France, accounting rules are set by a board of professionals who work as an non profit organization to set the rules and standards for accounting in the business operations in that place.