How are shared values best described?

Shared values are best described as individual perceptions of reality that align within a group context. They encompass beliefs and principles that individuals bring to the group, which collectively shape the group's identity, culture, and decision-making processes. When members of a team or organization hold similar values, it fosters a sense of unity and purpose, reinforcing collaboration and commitment to common goals.

Each member's perception contributes to a broader understanding of what is important, guiding behaviors and interactions within the group. Thus, shared values serve as foundational elements that influence how the group operates and interacts with one another and the larger environment.

In contrast, other options such as group norms and common objectives are related but focus on external expressions or goals rather than the underlying beliefs and perceptions that constitute shared values. Team collaboration refers to the process of working together, which is influenced by shared values but does not define them. Therefore, the emphasis on individual perceptions of reality accurately captures the essence of shared values within a group context.