According to the Institution-Based View of Global Business,which of the Following

question 53

Multiple Choice

According to the institution-based view of global business,which of the following statements is true?

• A) Firms should always insist on formalizing contracts right away when doing business in foreign countries.
• B) It is the growth of the firm that,in the aggregate,leads to the growth of the economy.
• C) It is imperative for managers to adhere to formal constraints in all situations.
• D) Formal constraints play a larger role in reducing uncertainty and providing constancy for managers and firms in situations of political turmoil.

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Definitions:

Organizational Culture

Refers to the shared values, beliefs, and norms that influence the way employees think, feel, and behave within an organization.

Ethics Program

A structured system within organizations designed to guide behavior and decision-making according to established ethical standards.

Detecting Misconduct

The process of identifying and addressing unethical or illegal actions taken by individuals within an organization.