Asked by melvin jackson on Sep 28, 2024

How members of a society respond to uncertainty or ambiguity is referred to as

A) rational economics
B) cultural relativism.
C) collectivism.
D) power distance.
E) uncertainty avoidance.

Uncertainty Avoidance

A cultural dimension that describes how societies deal with the unknown, with high avoidance indicating a preference for clear rules and low avoidance reflecting more comfort with ambiguity.

Cultural Relativism

The perspective that beliefs, morals, and ethics are relative to each individual within his or her own social context.

Society

A group of individuals involved in persistent social interaction, or a large social grouping sharing the same geographical or social territory, typically subject to the same political authority and dominant cultural expectations.

  • Understand the concepts of behavioral economics with regard to human decision-making.