As Institutionalization Follows a Developmental Order, Which Indicator Represents the Highest

question 22

Multiple Choice

As institutionalization follows a developmental order, which indicator represents the highest degree of institutionalization?

• A) knowledge
• B) values consensus
• C) norms
• D) performance
• E) none of the above

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Definitions:

Franchising

A business model that allows individuals to buy and operate a branch of a larger company, using its branding, systems, and support.

Transit Hubs

Centralized areas where different modes of transportation come together, facilitating the transfer of passengers from one mode to another.

Royalty

Payments made to owners of intellectual property, such as patents, copyrights, or trademarks, for the right to use their work.

Direct Investment

An investment involving the acquisition of a controlling interest in a foreign business, typically by purchasing more than 10% of the business's shares.