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The Institution-Based View Argues That Among a Number of Firms

question 12

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The institution-based view argues that among a number of firms governed by the same set of rules,some excel more than others because of differences in firm-specific capabilities that leverage advantage in corporate governance.


Definitions:

Temperature Fluctuations

Variations in temperature over a period of time, which can be natural or induced by human activity.

Shivering

An involuntary response to cold, consisting of muscle tremors that generate heat and increase body temperature.

Drive Theory

A theory suggesting that motivation arises from biological or physiological needs that push individuals to satisfy them and restore balance.

Homeostasis

The ability of organisms or cells to regulate their internal environment and maintain a stable, constant condition in response to external changes.

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