When using age as a variable, however, the researcher gets the whole thing, not just the outcomes of interest in that instance. That is, I believe that many observed variables are inherently multidimensional latent variables.
Stockbyte/Stockbyte/Getty Images. Functional strategies are operational guidelines that dictate how the various parts of the company operate. A functional strategy outlines the hierarchy within the finance group, the responsibilities of that group and how that group interacts with the rest of the company.Each functional strategy offers benefits and limitations on the way in which the company operates. functional strategy outlines the hierarchy within the finance group, the responsibilities of that group and how that group interacts with the rest of the company. Each functional strategy offers benefits and limitations on the way in which the company operates.
FUNCTIONAL CAPACITY. Functional capacity refers to the capability of performing tasks and activities that people find necessary or desirable in their lives. One way of examining the effects of disease on people and communities is through mortality and morbidity (illness) statistics. But another way, which took on increased significance in the last decades of the twentieth century, is through examining functional status or functional capacity.