GLOBAL ECOMICS WGU C211 - Competency 2 exam questions and answers
WGU C211 - Competency 2 exam questions and answers Regulatory pillar - answer The coercive power of governments (laws, regs, rules) Normative pillar - answer Values, beliefs, and actions of other relevant players (norms, cultures, ethics) Cognitive pillar - answer The internalized, taken-for-granted values and beliefs that guide behavior. (beliefs between right/wrong) Formal institution - answer One that include laws, regulations and rules Informal institution - answer One that includes norms, cultures and ethics What core propositions lie at the root of the institution based view on global business? - answer (1) managers and firms rationally pursue their interests and make choices within institutional constraints (bounded rationality) (2) in situations where formal constraints are unclear or fail, informal constraints play a larger role in reducing uncertainty and providing constancy to managers and firms (personal relationships and connections)
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wgu c211 competency 2 exam questions and answers
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wgu c211 global econ study guide cohort question
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