Which of the Following Would Be Considered an Example of Informal

question 69

Multiple Choice

Which of the following would be considered an example of informal institutions? 

• A) Laws 
• B) Regulations 
• C) Ethics 
• D) Rules

---

Definitions:

Risk Averse

Refers to the preference of individuals or organizations to avoid risk, choosing the option with the least uncertainty.

Small Business Person

An individual who owns and operates a business that is typically defined by its small size in terms of revenue and number of employees.

Perseverance

The sustained effort and determination in spite of difficulties, obstacles, or discouragement, essential for achieving long-term goals.

Environmental Factors

Environmental Factors are external elements such as weather, climate, and natural disasters, as well as socioeconomic aspects, that can affect an organization's operations, strategic decisions, and overall performance.