MGT 302 MGT302 CHAPTER 4 QUIZ ANSWERS | UNC GREENSBORO

MGT 302 MGT302 CHAPTER 4 QUIZ ANSWERS | UNC GREENSBORO

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MGT 302 Chapter 4 Quiz Answers (UNC Greensboro)
1. Transaction cost theorists argue that institutions emerge to combat opportunism.
2. Western firms tend to focus on relatively short-term profits and shorter planning horizons.
3. Which best defines an accommodative strategy? 
4.  Long-term orientation is best defined as:  
5. Power distance is best defined as
6. Bounded rationality is defined as the necessity of making decisions while possessing complete information. 
7. A positive view of ethics suggests that some firms may simply jump onto the ethics "bandwagon" under social pressures to appear more legitimate without necessarily becoming more ethical.

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