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Financial reports are then prepared to mirror the popular culture that prevails in monetary terms. Thus, ideally these reports should replicate the popular culture and should tell if that suits the well being of a country or not.
Critical theory encompasses the idea of popular culture. It involves the examination and analysis of a society and its culture. Recently, Geert Hofstede’s cultural dimensions have been used to describe national or, better put, popular cultures. Hofstede’s ideas are based on a large scale research project to bridge cultural differences globally and to come up with a global popular culture! It uses data obtained from sixty-four countries. These studies identify five dimensions. These dimensions can be used to analyze how similar or different countries are. Based on these, their financial reports should mirror the popular trends that prevail and should compare the financial status of the countries in a considerable time period. The first dimension is of power distance, second one being individualism, third masculinity, fourth uncertainty avoidance and last one being long term orientation( Hofstede, Geert). Power distance index is used to measure the degree to which authority is distributed lopsidedly within an association or an institution (and even in families). It also implies that a society’s degree of disparity is authorized by the supporters as much as by the leaders. The analysis of power distance shows significant differences amongst countries, Germany has a power distance index of 35 while Arab countries have a power index of 80. The second dimension of assessing the popular culture according to Hofstede is individualism. In this, it is compared whether the citizens prefer to look after themselves only, i.e. if they prefer individualism or if they prefer collectivism and like to help others. On the individualistic side, we find societies in which the ties between individuals are loose. Everyone takes care of himself
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How does new technology help the Arts?Over the past three decades, we are witness to rapid developments and advancements in technology (Poole, 2011). It is changing the world’s perspective of various subjects in life. Creativity, for example, is being enhanced greatly through the vast number of technologies invented.
The term psychology originated from the Greek word psyche, after the name of a lady in one Greek legend about love and immortality (O’Boyle, 2006). The Greek psyche means “mind” and the other Greek word logos, which means “study” or knowledge”, as explained in Nevid (2009).
What constitutes crime and how does criminology help us to understand crime and the ‘crime problem’?
Different human societies have different methods of defining what constitutes crime. These distinctions are often markedly different when seen under the context of localities such as state, regional, national or international.
Computers, the fruit of technological revolution, had been related to mere calculations, word processing, banking, and science until the time the World Wide Web was invented. Surprisingly, with the spread of the Internet and innovative software, the boundaries between technology and art started blurring.
One essential attribute of a sound human personality is that it endows a person with the capacity to decide as to what one really needs to lead a satisfied and contented life. Almost everyone is tentatively aware of the fact that quintessentially speaking, human needs tend to be few and narrow and given a choice, most of the humans do have the capacity to allocate their monetary resources in a manner that leaves them content and satisfied (Moton & Dumler, 2009, p. 538).
While this idea is not as well developed in the book as is the significance of rhetoric, it does raise the important point that executive leadership is constructed not just in the workplace, but also in non-work arenas, such as clubs, golf courses, restaurants, and private residences, that is, in social life as well as economic life.
Subprime mortgage can be explained as an inferior class residential mortgage that is secondary to prime mortgage. The economists have warned that it is necessary to reform and regulate the financial markets around the world from
This is because too much monotony can cause people to lack interest. It must give people widespread access to it. Nothing can become popular unless people can access in a general and widespread way. This allows
pleasure and therefore, our values, identities and interests and that those preferences depend on a chain of political choices and processes that in turn shape our culture (1997).
The relationship between popular culture and politics is cofounded on passion but the connection
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