Overall,governance Practices Need to Fit with the Nature of the Industry

question 20

True/False

Overall,governance practices need to fit with the nature of the industry in which firms are competing. This cautions against prescribing universal "best" practices.

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Definitions:

George Homans

A pioneering sociologist best known for his development of social exchange theory.

Stimulus

A stimulus is any event or situation that evokes a response from an organism or system.

Cultural Defined Rules

The set of norms, values, beliefs, and expectations that are created by a culture to guide the behavior and interactions of its members.

Social Resources

Assets within a society or community that individuals can draw upon for support, including social networks and institutions.