Final answer:
Hofstede's dimension that deals with how cultures value time, either emphasizing the future or the present, is known as the long-term/short-term orientation.
Step-by-step explanation:
The dimension of Hofstede that focuses on the degree to which people value the present versus the future is long-term/short-term orientation. This dimension acknowledges how societies prioritize and manage the role of time in their cultural values. Cultures with a long-term orientation tend to value future rewards, promoting persistence and savings to prepare for the future, while those with a short-term orientation mostly value the present, emphasizing respect for tradition and fulfilling social obligations.