According to an Institution-Based View,which of the Following Statements Is

question 49

Multiple Choice

According to an institution-based view,which of the following statements is true of entrepreneurship?

• A) Development of entrepreneurship is equal around the world.
• B) The less entrepreneur-friendly the formal institutional requirements are,the more flourishing entrepreneurship is.
• C) Informal institutions such as cultural values and norms rarely affect entrepreneurship.
• D) Development of entrepreneurship significantly depends on formal institutions.

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Definitions:

Stereotype

A widely held but fixed and oversimplified image or idea of a particular type of person or thing.

Accounting Major

A field of study focused on the principles and techniques of preparing, maintaining, and analyzing financial records and transactions.

Algorithmic

Pertaining to or using a set of rules to be followed in calculations or other problem-solving operations, especially by a computer.

Heuristic

A shortcut (rule of thumb or informal guideline) used to reduce the amount of thinking that is needed to make decisions.