Answer;
-The above statement is true
An example of an informal, cognitive institution would be the celebration of halloween in the U.S.
Explanation;
-Informal cognitive institution use shared ideas to define reality by means of conceptual framework; less explicit and obvious.
-The characteristics of informal cognitive institutions revolve around four items; norms, values, custom and ideologies. With these there is the cognitive portion that shows how each individual will have their own ideas and the framework that they will base their decisions and they way they look at the decision. With many different individuals involved in large decisions, it is important that one is aware of their own beliefs and how they plan to work their business.