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4. Cultural dimension index scores developed by Hofstede for six countries are reported in the table below. Required: Using Gray's hypothesis relating culture to the

4. Cultural dimension index scores developed by Hofstede for six countries are reported in the table below. Required: Using Gray's hypothesis relating culture to the accounting value of secrecy, rate these six countries as relatively high or relatively low with respect to the level of disclosure you would expect to find in financial statements. Explain your ratings. Power Distance Uncertainty Avoidance Individualism Masculinity Long-Term Orientation Country Index Rank Index Rank Index Rank Index Rank Index Rank Belgium 65 20 94 5-6 75 18 54 Brazil 69 14 76 21-22 BE 26-27 49 Korea (South) 60 27-28 85 16-17 18 43 39 Netherlands 38 40 63 35 80 14 51 Sweden 47-18 Thailand 164 21-23 45 29 1950 10-11 5 153 64 20 134 44 ENERGE 22 38 18 27 65 6 41 75 5 44 11-12 33 20 1561 8 F highest nok verk

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