Which of the Following Statements Is True of Institutional Transitions

Multiple Choice

Which of the following statements is true of institutional transitions?

A) They are comprehensive changes introduced to the formal and informal rules of the game that affect firms as players.
B) They are the internalized values and beliefs that guide individual and firm behavior.
C) They refer to how the norms of other relevant players influence the behavior of focal individuals and firms.
D) They are the secondary support pillars for informal institutions.