Question

Which of the following is true of informal institutions?

A. They are fundamentally about limiting oneself to ones home country
B. They focus on a firms internal environment
C. They include culture, ethics and norms
D. They include laws, regulations and rules

Answer 1

Informal institutions include culture, ethics and norms. These institutions are not written rules, but rather unwritten understandings and expectations that guide behavior.

Step-by-step explanation:

Informal institutions include culture, ethics, and norms.

These institutions are not written rules, but rather unwritten understandings and expectations that guide behavior. For example, social norms dictate how people should behave in certain situations, such as saying 'please' and 'thank you.'