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 Locations and Equipment The SAP functional location structure is a hierarchical structure for identifying process functions as technical objects and cataloguing them in a logical manner. Top-level functional locations identify facility areas that can be referred to as functional area locations (FALs).