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Sumathy Kumar is a manager tasked with building common norms and values at a new social networking start-up, Spirit. As a brand-new company, Spirit does not yet have a clear-cut organizational culture. The company founder has chosen Sumathy for this task because of her outgoing and positive personality. Which of the following represents the most effective way Sumathy can progress toward encouraging shared norms and values at Spirit?
Utility Function
A mathematical representation that ranks preferences over a set of goods and services, showing the level of satisfaction or utility a consumer receives.
Income
Revenue received, on a consistent basis, from occupational or investment sources.
Preferences
Preferences refer to an individual's subjective tastes or desires, ranking goods or outcomes in order of choice or desirability in decision making or consumption.
Utility Function
Describes how different combinations of goods or outcomes are valued by an individual, helping to predict choice under uncertainty.
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