50. Which of the following is a guideline for managers doing business around the globe? a. Managers should follow the advice of the second proposition of the institution-based view. b. Managers must give more importance to formal constraints. c. Firms entering a new country that emphasizes relational exchanges must ensure that all business contracts are formalized right away. d. Firms entering a new country that lacks formal market-supporting institutions must adopt a "business first, relationship afterwards" attitude.

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