1- Hofstede's dimensions of culture are a useful guide when establishing preliminary expectations of a host country.

Group of answer choices

True

False

2- Informal institutions such as cultural considerations in the United States of America are more influential to domestic firm behavior than formal institutions.

Group of answer choices

True

False

3- "Emerging" generally refers to developing and least developed countries.

Group of answer choices

True

False

4- A market economy and a command economy are essentially the same as both encourage entrepreneurship.

Group of answer choices

True

False

5- Transaction cost considerations are a function of the risks of doing business.

Group of answer choices

True

False