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What Are Chronological Age and Functional Age

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What are chronological age and functional age?


Definitions:

Vertical Specialization

Pertains to the degree of stratification or hierarchy within an organization's structure, where tasks and responsibilities are distinctly defined at different levels.

Total Quality Management Controls

Strategies and tools used in Total Quality Management (TQM) to ensure that products or services meet specific quality standards and customer satisfaction.

Formalization

The degree to which an organization uses rules, procedures, and written documentation to standardize behaviors and decisions.

Process Controls

Systems and procedures implemented to regulate and guide processes, ensuring they meet certain standards or achieve desired outcomes.

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