Examlex
The right to refuse unsafe work is exercised just as often in non- unionized as in unionized workplaces.
Average Cost Method
An inventory costing method where the cost of goods sold and ending inventory is determined by averaging the cost of all similar items available.
FIFO
An inventory valuation method that assumes the first items placed into inventory are the first sold, standing for "First In, First Out."
LIFO
Last In, First Out, an inventory valuation method where the goods purchased last are the first to be sold.
Safeguarding Inventory
Measures and controls put in place to protect a company's inventory from loss, theft, or damage.
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