Which of the Following Statements Regarding Institutions Is True

Multiple Choice

Which of the following statements regarding institutions is true?

A) Institutions do not involve formal regulation of firms by governmental agencies
B) Institutions do not involve formal regulation of firms by nongovernmental regulatory organizations
C) Institutions are more formal and involve ongoing power/dependence relationships between firms
D) Institutional arrangements do not embody general patterns of values,beliefs,ad behavioral norms that motivate and stabilize affected firms
E) None of the above