Examlex
Which of the following is required for teams to be effective?
Probability
A measure of the likelihood or chance of a specific event occurring, often expressed as a number between 0 and 1.
English Auction
A bidding process where participants publicly offer progressively higher prices until the highest bidder wins, typically used for selling goods or services.
Rational Self-Interest
The principle that an individual's actions are motivated by self-gain and the efficient pursuit of their own personal goals, assuming logical and informed decision-making.
Values
The importance, worth, or usefulness of something, often determined by personal principles or market conditions.
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