In an Institution-Based View of Strategy, the Informal Rules of the Game

question 25

Multiple Choice

In an institution-based view of strategy, the informal rules of the game:

• A)Must be avoided because global business is not a mere game.
• B)Are being replaced by formal rules.
• C) Often require that the firm seek to change the informal rules instead of going along with those rules.
• D) Need to be understood by firms.

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Definitions:

Nonsense Syllables

A set of letters that do not form known words, used in psychological experiments to study memory and learning processes.

Foreign Language

A language that is not the native language of the speaker, but that is used in the area where they are living or while visiting another country.

Alphabetic Order

A method of arranging items based on the sequence of letters in the alphabet from A to Z.

Social Loafing

A scenario in which individuals working in a group setting display reduced effort in achieving objectives, unlike when working independently.