Question

In a business transaction, the president of a company wants to be sure that all possible scenarios are considered and that contingency plans are in place. It is likely that this culture views which dimension as important?

a) power
b) restraint
c) long-term orientation
d) uncertainty avoidance

Answer 1

In business, the focus on considering all possible scenarios and having contingency plans is indicative of a culture that values the uncertainty avoidance dimension, which reflects a society's tolerance for ambiguity and seeks to minimize uncertainty.

Step-by-step explanation:

In the context of a business transaction, the act of making sure that all possible scenarios are considered and that contingency plans are in place aligns with the dimension known as uncertainty avoidance. This cultural dimension is indicative of a society's tolerance for ambiguity and uncertainty. It reflects the extent to which members of a society attempt to cope with anxiety by minimizing uncertainty. Companies that prioritize uncertainty avoidance typically emphasize thorough planning and regulation to mitigate unforeseen events. Hence, in this scenario, the business culture that values having contingency plans for different possible outcomes demonstrates a high level of uncertainty avoidance.