According to Hofstede's framework for comparing national cultures, time orientation refers to the degree to which a society focuses on short-term considerations versus planning for the future.

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This statement is true. Hofstede's framework includes the dimension of time orientation, which refers to how much a society values traditions and norms from the past versus planning for the future. High time orientation societies tend to plan for the long-term, while low time orientation societies focus more on the present and short-term goals.

According to Hofstede's Framework for Comparing National Cultures, Time Orientation