According to Robert K

question 95

Multiple Choice

According to Robert K.Merton,______________are intended and/or overtly recognized by the participants in a social unit.

• A)dysfunctions
• B)latent functions
• C)prerequisite functions
• D)manifest functions

---

Definitions:

Probability

A measure of the likelihood that an event will occur, ranging from 0 (impossibility) to 1 (certainty).

Expected Utility Function

A concept in economics that represents an individual's preference for certain outcomes over others, calculated as a weighted average of the utility of all possible outcomes, based on their probabilities.

Utility Function

In economics, a mathematical representation that ranks individuals' preferences over sets of goods and services, indicating the level of satisfaction or utility they obtain.

Risk Neutral

A risk neutral person or entity is indifferent between choices with different levels of risk, focusing solely on the expected outcome without concern for the variability of returns.