Which of the Following Statements Is True of Institutional Transitions

question 28

Multiple Choice

Which of the following statements is true of institutional transitions?

• A) They are comprehensive changes introduced to the formal and informal rules of the game that affect firms as players.
• B) They are the internalized values and beliefs that guide individual and firm behavior.
• C) They refer to how the norms of other relevant players influence the behavior of focal individuals and firms.
• D) They are the secondary support pillars for informal institutions.

---

Definitions:

Ethical Absolutism

The moral principle positing the existence of definitive criteria for evaluating moral queries implies that specific deeds are inherently good or bad, irrespective of the circumstances surrounding the action.

Ethical Relativism

The belief that morality varies between individuals and cultures and that there are no absolute moral truths.

Cultural Relativism

The perspective that beliefs, values, and practices are understood based on one's own culture and should not be judged by the standards of another.

Ethical Relativism

The belief that moral principles are valid, but are relative to the cultures or individuals holding them, without absolute moral truths.