According to an Institution-Based View,which of the Following Statements Is

Multiple Choice

According to an institution-based view,which of the following statements is true of entrepreneurship?

A) Development of entrepreneurship is equal around the world.
B) The less entrepreneur-friendly the formal institutional requirements are,the more flourishing entrepreneurship is.
C) Informal institutions such as cultural values and norms rarely affect entrepreneurship.
D) Development of entrepreneurship significantly depends on formal institutions.