Examlex
Why is it not advisable for managers to have single-minded focus on shareholders alone?
Meritocracy
A social system in which advancement in society is based on an individual's capabilities and merits rather than on the basis of family, wealth, or social background.
Allocation
The process of distributing resources, goods, or responsibilities among people, organizations, or sectors in a society.
Credentialization
The process by which access to occupations or positions requires increasingly higher levels of education or certification.
Functionalist Perspective
A sociological approach that emphasizes the way in which the parts of a society are structured to maintain its stability and functionality.
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