Question

Which of the following is true about the Institutional Environment?

A) It is primarily composed of formal actors
B) There are more institutional voids in developed countries compared to the developing countries
C) For a MNE it is more important to get license stay rather than license to enter
D) Formal institutions include NGOs and religious groups in a country

Answer 1

D) Formal institutions include NGOs and religious groups in a country

Step-by-step explanation:

• An institution environment is a normative and regulatory measure that is exerted on organizations by the state or society and the professions they are associated with the structure that is created and diffused and thus further is adopted over the space and time.

• As an institutional itself is a value or quality that is considered as the important and a typical feature of the particular society or group and is usually because of the existence for a long duration.