Describe likely effects of six-d model of geert hofstede

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Culture can be defined as: "the collective programming of the mind that distinguishes the members of one group or category of people from another" (Hofstede, 2001, p.9). According to Geert Hofstede's cultural model, societal values are affected by ecological values and influenced by external forces (trade and investment), and hence affect the business environment.

Question a) Describe the likely effects of the 6-D model of Geert Hofstede's cultural dimensions on the development of financial reporting systems within the United States versus China.

Question b) Why are the financial statements in China considered State-sensitive information, while in the U.S. they are public information?

Question c) Countries all over the world are categorized by their regulatory and political systems, emerging as either common law countries, code law countries or mixed systems. Please describe the regulatory and political systems of the United States versus China.

Attachment:- Geert.zip

Reference no: EM132694376

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