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Norms, which are test results derived from a large, representative sample of particular age segments of a desired population, were discussed in the text as playing an essential role in establishing
Work in Process
Goods that are in the production process but are not yet completed, reflecting a stage between raw materials and finished goods.
Materials
The raw inputs or components used in the manufacturing process to produce goods or products.
Cost of Goods Sold
The expenses directly related to creating a company's sold goods, covering both material costs and wages.
Production Jobs
Tasks or operations involved in the creation or manufacturing of goods.
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