Final answer:
Hofstede's individualism/collectivism dimension refers to the extent to which people prioritize individual or collective goals and interests.
Step-by-step explanation:
Hofstede's individualism/collectivism dimension can be best described as the extent to which people prioritize individual goals and interests over collective goals and interests. Individualist cultures, such as those found in Western nations like the United States and Australia, emphasize personal independence, competition, and achievement. On the other hand, collectivist cultures, like some Asian cultures, prioritize relationships with others and value harmony and group needs over individual needs.