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According to Rostow's five stages of development,which of the following is characteristic of Stage 5?
Equivalent Units
A concept in cost accounting used to allocate costs to partially completed goods, measuring them in terms of the amount of completed goods they represent.
Direct Materials
Raw materials that are directly traceable to the manufacturing of a product and are allocable to that product.
Job Order Manufacturing
A production system in which products are manufactured individually or in batches based on specific customer orders.
Process Manufacturing
A production method that involves the transformation of raw materials into finished goods through chemical, biological, or physical processes.
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