Question: True or false: 1) Disabling formal institutes does not affect transaction costs. True or False? 2) Members of short-term orientation societies emphasize perseverance and savings

True or false:

1) Disabling formal institutes does not affect transaction costs. True or False?

2) Members of short-term orientation societies emphasize perseverance and savings for future betterment. True or False?

3) Managers in low uncertainty avoidance tend to rely more on rules than experience. True or False?

4) Informal institutions are closely related to ethnocentrism. True or False?

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