Which of the Following Terms Refers to the Shared Values

question 85

Multiple Choice

Which of the following terms refers to the shared values, understandings, assumptions, and goals that over time are passed on and imposed by members of a group or society?

• A) environment
• B) workforce
• C) economy
• D) culture

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Definitions:

Expected Utility

A theory in economics and decision theory that describes how individuals might choose among risky prospects based on the expected outcomes' utility to them.

MAUT

Multi-Attribute Utility Theory, a decision-making framework that evaluates choices based on multiple criteria.

Image Theory

A descriptive theory of decision making positing that the process consists of two stages: (1) a noncompensatory screening of options against the decision maker’s image of values and future, in which the number of options is reduced to a very small set, and (2) a compensatory choice process (if necessary).

Confirmation Bias

The tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses.