Multiple Choice
Which of the following statements is least true regarding institutions?
A) Institutions can involve formal regulation of firms by governmental agencies
B) Institutions can involve formal regulation of firms by nongovernmental regulatory organizations
C) Institutions can be less formal and involve ongoing power/dependence relationships between firms
D) Institutional arrangements may embody general patterns of values,beliefs,ad behavioral norms that motivate and stabilize affected firms
E) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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