Which of the Following Is a Guideline for Managers Doing

question 38

Multiple Choice

Which of the following is a guideline for managers doing business around the globe?

• A) Managers should follow the advice of the second proposition of the institution-based view.
• B) Managers must give more importance to formal constraints.
• C) Firms entering a new country that emphasizes relational exchanges must ensure that all business contracts are formalized right away.
• D) Firms entering a new country that lacks formal market-supporting institutions must adopt a "business first,relationship afterwards" attitude.

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Definitions:

Standard Deviation

A measure of the dispersion or spread of a set of numbers, indicating how much variation there is from the average.

Standard Deviations

An indicator of how widely values in a dataset are spread out from the average, showing the degree to which these numbers vary from their mean.

Nominal Data

A classification of categorical variables that do not have a natural order or rank.

Interval Data

A type of quantitative data that involves measurements where the difference between two values is meaningful, but there is no true zero point.