Examlex
In our text, playing golf or following Elvis were noted as a possible functional equivalent of religion. In class we noted others, such as club membership, political or economic systems, and maybe even atheism. Briefly explain what "functional equivalent of religion" means. Then pick an example and illustrate the concept, showing, for example, what makes it like religion but not religion.
Productivity Increase
An improvement in the efficiency of producing goods or services, measured by the output per unit of input.
Management
The process of planning, organizing, directing, and controlling resources to achieve organizational goals.
Capital
Financial assets or the financial value of assets, such as cash or goods, used in a business by a person, company, or organization to generate wealth through investment or production.
Technology
The application of scientific knowledge for practical purposes, especially in industry and the development of devices, processes, or systems.
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