Which of the Following Statements About Strategy and Institutions Is

question 14

Multiple Choice

Which of the following statements about strategy and institutions is TRUE?

• A)​When formal institutional constraints fail, informal constraints tend to fail as well.
• B)​Institutions are little more than background conditions to strategic decisions.
• C) ​The institution-based view focuses on the dynamic interaction between institutions and firms, and considers strategic choices the outcome of such interaction.
• D) ​The institutional similarities between developed and emerging economies have propelled the institution-based view to the forefront of strategy discussions.

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Definitions:

Presumed Consent

A policy where individuals are presumed willing to donate their organs upon death unless they have explicitly stated otherwise.

Informed Consent

The process by which a patient or research participant agrees to undergo a specific medical intervention or participate in research after receiving and understanding all the relevant facts and implications.

Rawlsian

Pertaining to the philosophical ideas of John Rawls, especially his theory of justice which emphasizes fairness and the "veil of ignorance" principle in ethical decision making.

Utilitarian

A philosophical theory that suggests an action is right if it leads to the greatest happiness for the greatest number of people.