Examlex
If the random variable X is exponentially distributed with parameter = 5,then the variance of X, 2 = V(X)= 0.04.
McDonaldization
A term used to describe the process by which the principles of the fast food industry, such as efficiency, calculability, predictability, and control, have come to dominate other sectors of society.
Culture Industry
The mass production of popular culture, administered from above, that creates needs in people that they would not otherwise have. The culture industry maintains the status quo and limits people’s critical abilities.
Economic Determinism
A classic Marxist position that views the culture and ideas of a society as heavily shaped by the economic structure of that society.
Organizational Mission Statement
A formal, written declaration of an organization's core purpose and focus that remains unchanged over time.
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