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Strategic choices are direct outcomes of the reduced interaction between institutions

Strategic choices are direct outcomes of the reduced interaction between institutions and firms.

a. True b. False

12.Western firms tend to focus on relatively short-term profits and shorter planning horizons.

a. True b. False

13.All sides agree that ethics can make or break a firm.

a. True b. False

14.Catastrophes may allow ethical firms to shine.

a. True b. False

15.Ethics are universal. What is unethical in one country will be viewed as unethical in other countries.

a. True b. False

16.Richer, developed countries tend to be less corrupt than poorer, developing countries.

a. True b. False

17.Transaction cost theorists argue that institutions emerge to combat opportunism.

a. True b. False

18.Doing business with foreigners may significantly reduce transaction costs over doing business with domestic firms.

a. True b. False

19.Joint ventures between Chinese and Western firms outperformed joint ventures between local (Chinese) and Asian firms.

a. True b. False

20.Hofstede’s studies were based on surveys from 1968-1972 and might not capture the cultural changes that have occurred throughout the world in the past forty years.

a. True b. False

Feb 14 2020 View more View Less

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